Members of Which of the Following Ethnic Groups Are MOST

question 43

Multiple Choice

Members of which of the following ethnic groups are MOST likely to become addicted to alcohol?

• A)Native Americans
• B)Whites
• C)African Americans
• D)Hispanics or Latinos

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Definitions:

Allocative Efficiency

The apportionment of resources among firms and industries to obtain the production of the products most wanted by society (consumers); the output of each product at which its marginal cost and price or marginal benefit are equal, and at which the sum of consumer surplus and producer surplus is maximized.

Small Firms

Businesses with a limited number of employees and revenue, often characterized by more personalized customer service and less market control compared to larger companies.

Ergonomics Regulations

Rules and guidelines designed to create safe and comfortable working environments by studying human interaction with elements in the system.

Social Regulation

Policies implemented by the government to protect public interests, including health, safety, and the environment, often affecting how businesses operate.