Sociological Findings Indicate That Racial Groupings Are ______

question 45

Multiple Choice

Sociological findings indicate that racial groupings are ______.

• A) based on biological differences among people
• B) consistent across cultures
• C) socially constructed
• D) static

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Definitions:

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than other producers.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Goods

Tangible products or commodities that are manufactured or produced for sale or exchange.

Resources

A broad term that encompasses all the materials, assets, and inputs used by individuals or organizations to produce goods and services.