Which of the Following Best Explains Why Latino Household Income

question 32

Multiple Choice

Which of the following best explains why Latino household income has stagnated and fallen far behind that of white households?

• A)a culture of poverty among Latinos that discourages achievement and saving money
• B)the large number of immigrants from Mexico and Latin America that are in low-wage jobs
• C)high unemployment among Latinos
• D)high divorce rate among Latinos
• E)none of the above; there is no income gap

Differentiate between various terms and strategies such as by-product synergy, brand recognition, and economies of scale versus economies of scope.

Understand how firms can save money by applying economies of scope.

Identify strategies multi-business-unit companies use to create economies of scope.

Understand the conditions under which economies of scope are likely to be gained.

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Definitions:

Expenditures

Refers to the total amount of money spent by households or businesses on goods and services.

Welfare State

A system where the government plays a key role in the protection and promotion of the economic and social well-being of its citizens.

Wealthy Countries

Nations with high levels of economic productivity, income per capita, and quality of life.

Welfare State

A system in which the government undertakes to protect the health and well-being of its citizens, especially those in financial or social need, by means of grants, pensions, and other benefits.