The Fair Housing Act of 1968

question 38

Multiple Choice

The Fair Housing Act of 1968

• A)had little effect on housing segregation because its enforcement mechanisms were
• Very weak.
• B)had little effect on housing segregation because it was ruled unconstitutional by the Supreme Court in 1969.
• C)dramatically increased housing segregation.
• D)dramatically reduced housing segregation.

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Definitions:

Efficient Scale

The level of production that minimizes the average total cost of producing a good or service.

Positive Profit

Earnings that exceed the total costs and expenses associated with producing or providing a service or product.

Maximum Profit

The highest possible financial gain that a firm can achieve in a given period, determined by optimizing production and sales while minimizing costs.

Efficient Scale

The level of production at which the average total cost of production is minimized, allowing a firm to achieve the optimal distribution of resources.