Examlex

Solved

In the 2000 Census, the Number of Americans Identified as American

question 7

Multiple Choice

In the 2000 Census, the number of Americans identified as American Indian/Alaskan Native increased by 25% over 1990 figures. This can be attributed to


Definitions:

Risk-Averse

A characteristic of individuals who prefer to avoid risk and would rather choose an option with a more certain but possibly lower return over an uncertain option with a potentially higher return.

Total Utility

The total satisfaction received from consuming a certain quantity of goods or services.

Increasing Marginal Utility

A situation in which each additional unit of a good or service consumed provides more utility or satisfaction than the previous one.

Diminishing Marginal Utility

The economic principle stating that as a person consumes more of a good, the additional satisfaction gained from each additional unit of that good decreases.

Related Questions