Which Social Movement Discussed in This Chapter Has Yielded Important

question 33

Multiple Choice

Which social movement discussed in this chapter has yielded important political successes, in that both parties' members aspired to the highest political offices in the United States in recent elections?

• A) gay and lesbian movement
• B) women's rights movement
• C) civil rights movement
• D) Tea Party movement
• E) labor movement

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Definitions:

Entrepreneurs

Individuals who innovate, finance, and manage business ventures, often taking on greater than normal financial risks.

External Cost

Costs that a producer or consumer inflicts on a third party who is not involved in the production or consumption of the goods or services.

Economic Efficiency

A situation in which all resources in an economy are optimally distributed to serve each individual or entity in the best way while minimizing waste and inefficiency.

Competitive Market

A competitive market is a market structure characterized by a large number of buyers and sellers, where no single entity has the power to influence market prices significantly.