Which of the Following Is Not One of the Racial

question 101

Multiple Choice

Which of the following is not one of the racial categories used by the U.S. Bureau of the Census?

• A) Anglo-Saxon European
• B) Two or more races
• C) Native Hawaiian and Other Pacific Islander
• D) Black or African American
• E) American Indian and Alaska Native

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Definitions:

Deadweight Loss

A reduction in economic effectiveness that happens when a product or service does not reach, or cannot reach, its equilibrium state.

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit.

Consumer Surplus

The bifurcation between what a consumer wishes to pay for a service or good, and what ends up being spent.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual market price of the good.