Some People Are Not Overtly Prejudiced

question 7

Multiple Choice

Some people are not overtly prejudiced.They recognize racial disparities but also believe that hard work will result in success for all those who are willing to invest the necessary effort.These people may be characterized as ______.

• A) symbolic racists
• B) overt racists
• C) aversive racists
• D) ambivalent racists

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Definitions:

Economic Profits

Profits calculated by subtracting total explicit and implicit costs from total revenues; measures the excess over both the opportunity cost of capital and the wages that business owners could have earned elsewhere.

Marginal Cost

The escalation in total expenses incurred from the production of an additional unit of a product or service.

Marginal Costs

The change in total cost that comes from making or producing one additional item.

MC Curve

A graph representing the marginal cost of producing each additional unit of output in a firm or economy.