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The Chinese from California Became the Major Source of Labor

question 11

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The Chinese from California became the major source of labor for the transcontinental railroad in part because

Analyze welfare implications of market prices and resource allocation.
Understand the concept of social bias such as ingroup bias and scapegoating.
Recognize the factors contributing to attraction and prejudice.
Learn about the social and psychological dynamics in helping behavior and altruism.

Definitions:

Deficits

The amount by which a government's expenditures exceed its revenue.

Surpluses

Situations in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Rubles

The official currency of Russia, symbolized as RUB, used for all financial transactions within the country.

Depreciation

A fall in the price of a nation’s currency relative to foreign currencies.

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