Differences in Black/White Accumulation of Wealth Are Influenced by

question 30

Multiple Choice

Differences in Black/White accumulation of wealth are influenced by

• A) differences in inheritance.
• B) effects of discrimination which limits the ability of Blacks to acquire and thus pass on wealth.
• C) disparities in mortgage loan approvals and rates for comparably credit-worthy Blacks and Whites.
• D) racial segregation of neighborhoods.
• E) All of the above.

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Definitions:

Collectivist Society

A society that prioritizes the group over individual interests, emphasizing the importance of community and interdependence.

Individualist Society

A culture that emphasizes personal freedom and achievement, where people are seen as independent and autonomous.

Interdependence

A mutual dependence between things where each is reliant on the others to function or succeed.

Self-reliance

The reliance on one's own powers and resources rather than those of others.