To What Was W

question 71

Multiple Choice

To what was W.E.B. Du Bois specifically referring when he wrote: white laborers' "vote selected public officials, and while this had small effect upon the economic situation, it had great effect upon their personal treatment and the deference shown them"?

• A) Social Darwinism
• B) racial emotions
• C) public and psychological wage of whiteness
• D) double consciousness
• E) white privilege

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Definitions:

Coase Theorem

An economic theory that suggests that if property rights are well-defined and transaction costs are minimal, voluntary negotiations will lead to the efficient resolution of disputes regarding resource allocation.

Cost Of Bargaining

The expenses, in terms of both time and resources, that are involved in reaching an agreement in a bargaining process.

Property Rights

Legal principles that define the ownership and use of resources, including the ability to transfer, exclude, and derive benefits from them.

Coase Theorem

A theory asserting that if property rights exist and transaction costs are low, externalities can be efficiently resolved through private negotiations regardless of the initial allocation of property.