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James Is a Black Man,and Mike Is His White Friend

question 62

Multiple Choice

James is a black man,and Mike is his white friend.James and Mike are having a disagreement about what needs to happen in order for race relations to improve in America.According to Gunnar Myrdal's theory in An American Dilemma,James probably emphasizes ________,and Mike probably emphasizes ________.


Definitions:

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the par value and paying no interest before maturity.

Simple Interest

A method of calculating interest where the calculation is based only on the original amount of money invested or borrowed, excluding the effect of compounding.

Profit

The financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Personal Line

A type of credit product that allows individuals to borrow up to a pre-approved limit on an as-needed basis.

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