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Until recently,culture and ethnicity were not studied in the assessment of personality.However,traditional research studies have been done extensively on family background,gender differences and life span development.(A)Share at least three reasons why culture and ethnicity are important concepts to add to present day research.(B)Now relate culture and ethnicity to such problems as gangs and turmoil in public schools.
Market Price
The current value at which a good or service can be bought or sold in a given market.
Short-Run Equilibrium
A state in which supply equals demand within a particular market, specifically under the assumption that some conditions (like input prices) are fixed in the short term.
Marginal Cost
The charge for the production of one more unit of a product or service.
Marginal Revenue
The enhanced earnings a firm receives from offloading an extra unit of a good or service.
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