Each of the Following Is an Example of a Caste

question 39

Multiple Choice

Each of the following is an example of a caste system EXCEPT

• A) the slave system in the American colonies and, later, the U.S. South
• B) the apartheid system in South Africa
• C) the junior college and four-year college system in the U.S.
• D) the caste system in India for the previous 3,000 years, though it was made illegal in 1950

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Definitions:

Cyclical

Pertaining to fluctuations in economic activity occurring due to the natural business cycle, including expansions, peaks, recessions, and troughs.

Structural

Relating to the underlying or fundamental aspects of something, especially with regard to economic sectors or market changes.

Aggregate Supply Curve

A graphical representation showing the total quantity of goods and services that producers are willing and able to supply at different price levels in an economy.

Supply Shocks

Unexpected events that affect aggregate supply, sometimes only temporarily.