Which of the Following Statements Is True in the Context

question 89

Multiple Choice

Which of the following statements is true in the context of ethnic markets in the United States?

• A)Asian American buying power has decreased significantly.
• B)African American buyers are on average older than all other ethnic groups.
• C)More than half of Hispanic Americans are of Mexican descent.
• D)Asian Americans have the lowest education levels among all other ethnic groups.

---

Definitions:

Marginal Land

Land of little agricultural value because inputs of labor and capital produce relatively low outputs of crops or livestock.

Joseph Schumpeter

An economist known for his theories on business cycles and innovation as the driving force behind capitalism.

Frank Knight

An influential economist known for his work on risk, uncertainty, and profit, contributing significantly to the field of economics.

Reward For Innovation

Financial or other incentives provided to encourage the development and implementation of new ideas, processes, or products.