African Americans and Latinos

question 41

Multiple Choice

African Americans and Latinos

• A) express greater levels of trust in government than whites.
• B) express the same level of trust in government as whites.
• C) express lower levels of trust in government than whites.
• D) almost always express "no opinion" when asked whether they trust the government.

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Definitions:

Average Variable Cost

The total variable costs (costs that change with production volume) divided by the number of units produced.

Average Product of Labor

The output produced, on average, by one unit of labor, such as one worker or one hour of work.

Marginal Product of Labor

The additional output produced as a result of employing one more unit of labor.

Economies of Scale

The cost advantages that a business obtains due to expansion, where the average cost per unit of output decreases with increasing scale.