Rather Than Seeing Racism as a Product of Class Differences

question 25

Multiple Choice

Rather than seeing racism as a product of class differences, recent theorists like Tomás Almaguer argue that:

• A) class differences are a product of racism.
• B) racist beliefs can become part of economic life.
• C) race and class have nothing in common.
• D) many minority groups benefit from government policies, and it is actually whites who are discriminated against.
• E) there are very few economic differences between racial groups.

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Definitions:

Effective Rate

The actual interest rate of an investment or loan, taking into account the effects of compounding.

Compounded Semi-Annually

Interest calculation method where the interest is added to the principal sum twice a year, causing the interest to earn interest.

Strip Bond

A type of bond where the principal and regular coupon payments have been separated and are sold individually as zero-coupon bonds.

Interest

The cost of borrowing money, typically expressed as a percentage of the borrowed amount, paid by the borrower to the lender.