Examlex

Solved

The Text Points Out That the Segregation of Economic Activities

question 3

Multiple Choice

The text points out that the segregation of economic activities is accompanied by the segregation of people: Neighborhoods are segregated by income, race, and ethnicity, along with factors like lifestyle and stage in life cycle. This process is referred to as __________ ordering.


Definitions:

Market Mechanism

Tendency in a free market for price to change until the market clears.

Federal Government

The national government of a federal state, which shares sovereignty with the constituent states or provinces and is typically responsible for national defense, foreign policy, and regulating inter-state commerce.

Equilibrium Price

The market price at which the quantity of a good demanded equals the quantity supplied, leading to market equilibrium.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward-sloping due to the law of demand.

Related Questions