A Sense of Membership in an Ethnic Group Based Upon

question 5

Multiple Choice

A sense of membership in an ethnic group based upon shared language,religion,customs,values,history,and race defines

• A) race.
• B) nationality.
• C) ethnicity.
• D) ethnocentricity.

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Definitions:

Close Substitutes

Close substitutes are different goods or services that can satisfy the same needs or desires, often with very little difference from the consumer's perspective.

Silk-Screened T-Shirts

T-shirts printed using a technique that forces ink through a mesh screen to create a design.

Long Run

A period in which all factors of production and costs are variable, allowing all inputs to be adjusted to meet changes in the market.

Zero Economic Profit

Occurs when a firm's total revenues are exactly equal to its total costs, including both explicit and implicit costs, indicating no abnormal profit above the normal rate of return.