The Term Affirmative Action Refers to Efforts to Show Improvement

question 13

Multiple Choice

The term affirmative action refers to efforts to show improvement in

• A) ghetto living conditions.
• B) air quality.
• C) the hiring of minorities.
• D) grade level competency tests in public schools.

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Definitions:

Resources

Assets, materials, and inputs used to produce goods and services, including land, labor, capital, and entrepreneurship.

Mental Accounting

A concept in behavioral economics where individuals categorize and treat money differently depending on its origin, intended use, or other subjective criteria, affecting spending and investment decisions.

Loss Aversion

A cognitive bias reflecting the tendency for people to prefer avoiding losses to acquiring equivalent gains, suggesting that losses are perceived as more severe than gains.

Status Quo Bias

A cognitive bias that represents a preference for the current state of affairs, leading individuals to resist change.