An Advantage Held by a Person or Group That Is

question 6

Multiple Choice

An advantage held by a person or group that is based on age,race,ethnicity,gender,class,or another cultural dimension,which gives those who have it power over those who do not is known as ______.

• A)ethnocentrism
• B)prejudice
• C)stereotype
• D)privilege

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Definitions:

Time Preference

The tendency of individuals to value goods and experiences in the present more than in the future, influencing savings and investment decisions.

After-Tax Profit

The net income a company remains with after all the taxes have been subtracted from the total revenue.

Market Value

The price at which an asset would trade in a competitive auction setting.

Interest Rate

The cost of borrowing money or the return on investment, usually expressed as a percentage.