At Various Points in History, People of Irish, Jewish, and Southern

question 149

Multiple Choice

At various points in history, people of Irish, Jewish, and southern Italian descent were referred to as "black." What does this demonstrate?

• A) that racial distinctions are social constructs
• B) that racial distinctions are not arbitrary
• C) that race as a concept has no social significance
• D) that racial distinctions are tied to ethnic categories

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded.

Nominal Interest Rate

The stated interest rate on a loan or investment, not adjusted for inflation.

Loanable Funds

The money available for borrowing; the market where savers supply funds for loans to borrowers.

Supply

A relation between the price of a good and the quantity that producers are willing and able to sell per period, other things constant.