By 2023 a Majority of Children (Under 18 Years of Age)

question 17

Multiple Choice

By 2023 a majority of children (under 18 years of age) in the United States will be from a minority background. By what year will non-White ethnic groups surpass working-age Whites in number?

• A) 2057
• B) 2039
• C) 2020
• D) 2016

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Definitions:

Substitute Products

Goods or services that can be used in place of each other, offering a choice to consumers.

ATC Curve

Short for "Average Total Cost Curve," it represents the average total cost per unit of output produced, showing how cost varies with changes in output levels.

Maximizing Profits

The process of adjusting production and operational processes to achieve the highest possible profit margin.

Minimizing Losses

Strategies or actions taken to reduce the amount of money or resources wasted or not gained in a business operation or investment.