If I Told You That Jamie,an African American from New

question 7

Multiple Choice

If I told you that Jamie,an African American from New York (i.e. ,a member of a visible cultural minority within the United States) ,experienced identity denial yesterday,this means that,of the following situations,he experienced

• A)a man asking to see Jamie's ID when he went to the liquor store.
• B)a woman doubting whether Jamie actually likes watching movies.
• C)someone of European descent not believing that Jamie was born in New York,insisting that he must have been born somewhere in Africa.
• D)his African American friend insisting that they listen to some German rock music.
• E)his mother making him food that his grandmother used to make.

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Definitions:

Public Choice Theory

An economic theory that applies principles of economics to analyze political behavior and decision-making.

Government Failure

Occurs when the government becomes the tool of the rent seeker and the allocation of resources is made even less efficient by the intervention of government.

Profit-maximizing Number

The output level at which a firm achieves the highest possible profit, where marginal cost equals marginal revenue.

Rent Seeker

An individual or entity that seeks to increase their share of existing wealth without creating new wealth, often through manipulation of the economic environment.