The Figure Given Below Represents the PPC in Two Nations

question 8

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4

-The term barter refers to exchanges made:

• A)only with the use of money.
• B)without the use of money.
• C)outside the U.S. economy.
• D)only in underdeveloped countries.
• E)within countries in a monetary union.

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Definitions:

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Cultural Racism

The belief that the cultural ways of one group are superior to those of another.

Norms

The unwritten rules or expectations that govern the behavior of members within a society or group, guiding what is considered acceptable or customary.

Institutional Racism

"The manipulation of social institutions to give preferences and advantages to Whites and at the same time restrict the choices, rights, mobility, and access of people of color."