In Regents of the University of California V

question 59

Multiple Choice

In Regents of the University of California v.Bakke (1978) , the Supreme Court ruled that

• A)quotas and separate admissions standards for minorities were unconstitutional, but affirmative action could be used.
• B)quotas and separate admissions standards for minorities were constitutional, but other forms of affirmative action were unconstitutional.
• C)all affirmative action policies were unconstitutional.
• D)all affirmative action policies would be subject to strict scrutiny by the courts.

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Definitions:

Municipal Bonds

Municipal Bonds are debt securities issued by municipalities to finance public projects such as roads, schools, and infrastructure, offering investors tax-exempt interest payments.

National Income Accounting

A system used by a country to measure the overall economic activity and income generated within its economy over a specific time period.

Saving And Investment

The act of foregoing current consumption to put resources into assets or projects expected to generate future benefits or returns.

Loanable Funds

A term used in economics to describe the market where savers supply funds to borrowers, typically characterized by the interest rate.