Only About One-Third of the World's Purchasing Power Lies Outside

question 52

True/False

Only about one-third of the world's purchasing power lies outside the borders of the United States.

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Definitions:

Civil Rights Act of 1964

Landmark federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin, primarily focusing on voter registration requirements, racial segregation in schools, employment, and public accommodations.

Punitive Damages

Compensation awarded to a plaintiff that goes beyond reimbursement for actual losses and is imposed to punish the defendant and deter such conduct in the future.

Remedial Seniority

A legal or policy provision granting certain employees priority in job reinstatement or promotion, often as a remedy in discrimination or labor disputes.

Compensatory Damages

Money awarded to a plaintiff as reimbursement for her or his losses; based on the amount of actual damage or harm to property, lost wages or profits, pain and suffering, medical expenses, disability, and so on.