Nancy Is the Manager and Owner of a Small Business

question 22

Multiple Choice

Nancy is the manager and owner of a small business in a neighborhood with many minorities. When she has a position open, she goes through the applications and tosses any with names that might be Asian or Hispanic. She interviews 3 people for the job and hired the White applicant. Which most accurately describes her behavior?

• A) Discrimination
• B) Prejudice
• C) Ethnocide
• D) Genocide

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Definitions:

Marginal Utility Per Dollar

The additional satisfaction or utility gained from spending one more dollar on a good or service.

Consumer Equilibrium

A state where the consumer has allocated their resources in such a way that maximizes their utility, given their budget constraint.

Income And Substitution Effects

The changes in quantity demanded of a good due to a change in income (income effect) or a change in price leading consumers to substitute one good for another (substitution effect).

Demand Curve

A visual chart that illustrates how the quantity of a product demanded by customers varies according to its price.