Mongolian, a Racial Slur

question 126

Multiple Choice

Mongolian, a racial slur:

• A) referred to one of the outdated three races proposed by Georges Cuvier in the eighteenth century, the other two groups being Caucasoid and Negroid.
• B) meant Asian.
• C) referred to a person of combined Spanish and Native American descent.
• D) referred to a person born to (usually) a British father and an Indian mother.
• E) referred to persons of mixed African and Asian ancestry.

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Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the overall profitability of a business venture.

Profit-Maximizing

A strategy or goal of a firm to achieve the highest possible profit from its operations.

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced, including both fixed and variable costs.

Monopolistic Competition

Monopolistic competition describes a market structure where numerous firms sell products that are similar but not identical, allowing for competition based on quality, brand, and price.