Which of the Following Best Defines the Term Race as It

question 46

Multiple Choice

Which of the following best defines the term race as it was used in the Renaissance?

• A)Groupings of people based on skin color
• B)Groupings of people based on noble lineage
• C)Groupings of people based on geographic origins
• D)Groupings of people based on ethnic, national, or religious factors

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Definitions:

Explicit Costs

Dollar costs incurred by business firms, such as wages, rent, and interest.

Implicit Costs

The opportunity costs that are not directly incurred but represent the loss of alternative benefits when choosing one option over another.

Explicit Costs

Direct, out-of-pocket payments for goods and services required to run a business.

Accounting Profit

Sales minus explicit cost. Implicit costs are not considered.