The Assumption That Class Divisions Have More to Do with How

question 14

Multiple Choice

The assumption that class divisions have more to do with how well people live than do divisions between racial and ethnic groups is used in which economic theory of discrimination?

• A) Gary Becker's theory
• B) Split Labor Market theory
• C) Marxist theory
• D) Relative deprivation theory

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Definitions:

Consent Restraint Provision

A clause in a contract that limits a party's actions based upon agreed terms, which is enforceable only if all parties consent to it.

Statutory Solutions

Statutory solutions involve solving legal, social, or economic issues through the enactment of laws or statutes by a governmental body.

Close Corporations

A designation for corporations with a limited number of shareholders and operations that are more informally managed, often without a board of directors.

MBCA

stands for the Model Business Corporation Act, a model set of laws prepared to assist states in drafting their own corporation statutes.