What Were the Jim Crow Laws in the South

question 41

Multiple Choice

What were the Jim Crow laws in the South?

• A) rules that led to segregation of the races
• B) informal restrictions on African-American voters enforced by intimidation
• C) prohibitions against African-American participation in Democratic Party primaries
• D) allowances for whites based on their family heritage that allowed them to avoid voting restrictions that kept African Americans disenfranchised
• E) laws that virtually eliminated the existence of the Republican Party in the South

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Definitions:

Adverse Selection

A situation where asymmetric information leads to the selection of poor risks or unwanted results, commonly discussed in insurance markets and financial services.

Moral Hazard

The situation where one party is more likely to take risks because the negative consequences of those risks will be felt by another party.

Asymmetric Information

Occurs when one party in a transaction has more or superior information compared to another, affecting decision-making.

Moral Hazard

A situation in economics and finance where one party takes more risks because another party bears the cost of those risks.