An Example of Cultural Assimilation Is

question 46

Multiple Choice

An example of cultural assimilation is:

• A) the popularity of Chinese restaurants
• B) interracial dating
• C) English as a second language
• D) minority quotas for college enrollments

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Definitions:

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, freedom of entry and exit, and perfect information, leading to firms being price takers.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers.

Natural Monopoly

A market condition where due to high fixed costs or unique resources, a single firm can supply a good or service to an entire market at a lower cost than what two or more firms could.

Monopolist

A single seller in a market, who has significant market power and can influence the price of goods or services.