Any System That Distributes Scarce Resources on an Unequal Basis

question 9

Multiple Choice

Any system that distributes scarce resources on an unequal basis according to race or ethnicity is called:

• A) Racism
• B) Prejudice
• C) Ethnic stratification or ethnic inequality
• D) Race exploitation

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Definitions:

Cost Of Goods Sold

Expenses directly linked to manufacturing the goods a business sells, which encompass materials and labor.

Rate Of Return

The increase or decrease in the value of an investment during a specific time frame, represented as a proportion of the original investment's price.

Investment

The allocation of resources, usually money, with the expectation of generating an income or profit.

Acid Test Ratio

A stringent indicator of a company's liquidity, measuring its ability to meet short-term obligations with its most liquid assets.