Which of the Following Statements Is True of the Economic

question 4

Multiple Choice

Which of the following statements is true of the economic system of North America?

• A) The free-market-based economy of this region allows considerable freedom in decision-making processes of private firms.
• B) The command economy of this region allows for high flexibility with decisions and low barriers for other countries to establish business.
• C) The free-market-based economy of this region results in low trade barriers when attempting to move into other countries.
• D) The command economy of this region allows competition to strive while the government can extend assistance to individuals or companies.

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Definitions:

Internalized Racism

The personal conscious or subconscious acceptance of the racial stereotypes and biases of the dominant culture, causing individuals to act against their own ethnic group.

Minority Group Members

Individuals belonging to a sociodemographic group that experiences discrimination, social disadvantage, or is numerically less than the majority group within a society.

Prejudiced

A preconceived opinion or judgment about someone or something that is not based on reason or actual experience, often manifesting in negative or discriminatory beliefs.

Institutional Discrimination

Discrimination that has been embedded into the policies, laws, and practices of social institutions, resulting in unfair treatment of individuals based on their group identity.