Term "Minority" Is Currently Defined as "A Relatively Small Group

question 322

Multiple Choice

term "minority" is currently defined as "a relatively small group of people who differ from others with respect to race,religion,language,or political persuasion." Why will the term have different implications in the future?

• A) There will be stronger limits on immigration, so the presence of minorities will be less noticeable.
• B) Members of Generation Y are more socially conscious and embrace diversity.
• C) The term "minority" has become politically incorrect.
• D) The meaning of the word won't change at all; the group with the smallest population, regardless of its absolute size, will always be labeled "minority."
• E) The size of most ethnic groups will double during the next two decades.

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Definitions:

Product Differentiation

Product differentiation is the process of distinguishing a product or service from similar offerings in the market to make it more attractive to a particular target market.

Market Power

The ability of a firm or group of firms to control prices or output in a market, often leading to reduced competition.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and opportunity costs.