For Most Social Scientists, the Most Significant Aspect of Race

question 29

Multiple Choice

For most social scientists, the most significant aspect of race is its

• A) effect on brain capacity.
• B) effect on athletic ability.
• C) well-supported relationship to intelligence and musical ability.
• D) significance as a social definition.

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Definitions:

Consumer Surplus

The variance between the price consumers are ready to offer for a good or service and the price they actually incur.

Price Ceiling

A government-imposed limit on how high the price of a product can be charged in the market to protect consumers from high prices.

Consumer Surplus

The gap between the amount consumers are prepared to spend on a product or service and the amount they end up paying.

Excess Demand

A situation in which the quantity demanded of a good exceeds the quantity supplied at the existing price, often leading to a rise in price.