An Example of Ethnocentrism Would Be the Belief That

question 37

Multiple Choice

An example of ethnocentrism would be the belief that:

• A) women should stay at home and raise children
• B) societies that practice polygamy are evil
• C) children should not be allowed to work full time
• D) alcoholism is a major problem for Native Americans

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Definitions:

Short Run

A period in economics where at least one input is considered fixed in the production process.

Natural Monopoly

A market condition where a single firm can provide a good or service at a lower cost than any potential competitor, often due to economies of scale.

Fair Return

A reasonable profit for a business, considered equitable for both the business owners and consumers, typically governed by regulatory strategies.

Average Total Cost

The total cost divided by the number of goods produced, indicating the per unit cost of production.