1.) Competing global markets can make prices of the products we buy decrease. If your produce is cheaper, then which of the following is most likely to be true? a. The U. S. government lowered taxes on produce as part of a healthy eating initiative. b. Someone else is paying for the difference in their unearned income. c. The farmers that grew the produce sold it to the grocery store at a cheaper cost, and thus they are making less money on it. d. There is a surplus of produce for that harvest season. Answer b. is correct due to the information on conflict theory found on pages 28-29, which states, “In each society, some small group controls the means of production and exploits those who are not in control.” The store owner and the farmers being the controlling group, and the workers are those who are exploited. The theory being the choice of the controlling group would be to exploit the weaker group before sacrificing their own financial gain. …show more content…
a. The U. S. society values equality, and thus everyone in that society lives on even terms. b. Group Superiority is a thing of the past and not relevant in today’s
In the nation today all the healthy and nutritious foods are getting to be outrageous with the prices. “Families with average incomes are now struggling to provide foods that pack good nutrition as well. The price of fresh fruit
Hierarchy, a system or organization in which people or groups are ranked one above the other according to status or authority. In the United States, hierarchy is not uncommon. In Americanah by Chimamanda Ngozi Adichie, Ifemelu an African immigrant from Nigeria experiences the reality of what the “American Dream” truly is like for an immigrant. Adichie uses her character's life as to show how race affects her in America. Ifemelu moved to the United States with the illustration that she would easily be able to get a job, go to school, find love and be able to send money home in Nigeria. Instead, she was faced with many obstacles like racism. Racism is one of the major social issues of the modern world. It affects millions of people worldwide and is one of the deepest social problems in the United States.
In Spite of the devastating history of segregation in the United States. A lot has changed in the past fifty years since segregation ended. The United States shifted from arresting African Americans for using “white only” facilities to integrated schools all over the country. Influential individuals such as Rosa Parks and Martin Luther King Jr helped pave the way for African Americans to live as equals to along with their white counterparts in the United States of America.
8 (TCO 3) Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a monopolistic competitor?
The price of cheese and milk in the market are $2 and $5 respectively. Assume that the cheese and milk markets are perfectly competitive. What output of milk maximizes profits?
The pricing of small stores such as convenience stores and corner stores has a higher price on fruits and vegetables than supermarkets and farmer markets (4). The pricing of foods are different due to location because of the lack of supermarkets in the area making residents more likely to go
d) “The market system causes the economy to conserve most in the use of resources that are particularly scarce in supply. Resources that are scarcest relative to the demand for them have the highest prices. As a result, producers use these resources as sparingly as is possible.” Evaluate this statement. Does your answer to part c, above, bear out this contention? Explain. I need assistance with this question.
The book says and it makes sense to an extent that people of lower social status have in general poorer health and higher mortality rate. Beyond that it makes a whole lot more sense that there are numerous and annoyingly complex factors that can lead up to the poorer health that relates to lower status. The book also talks about race, which really goes and links itself with the social status parts, since in America (which is what/where they mentioned) there is a moderate alignment of race to social status. Now when bringing up higher socioeconomic status that doesn't necessarily mean a person will live longer, regardless of race, but it certainly helps. Now to start the rant of the annoying and complex events that relate to social status. When
The Progressive Era was a time when a group of people especially men suffered from the events of their time, but not through a shrinkage of what they needed, but because of the distribution of deference as well as the ability to obtaining power (Scott, 1959). The Era also started to the issues of child labor, the exploration of women as well as children that were within the industry, there was not any type of security in place for the old, nor was there anything in place for the people with illnesses (Scott, 1959). In addition, there was also a problem with sanitation in the food industry as well as there being municipal corruption. Because of these issues, Americans started to create Reform Groups.
“Change will not come if we wait for some other person or if we wait for some other time. We are the ones we’ve been waiting for. We are the change that we seek.” President Obama, then senator Obama, declared these words at a speech to supporters in 2008. If we are ‘the ones that we’ve been waiting for’, why aren’t things changing? Why is there still racism? Why is there still discrimination? These are crucial questions that I anticipate will remain unanswered forever. After Barack Obama secured enough electoral votes during the 2008 Presidential election, Obama became the first African-American president in the history of the United States. On January 20, 2009 Obama was officially sworn into office, commencing an extremely instrumental part of American history becoming the first black male as president. Unfortunately, still to this day many people cannot wrap their heads around the fact that slavery was abolished in the middle 1800s but yet there is still significant amounts of racial inequality and discrimination. Although it might seem far-fetched, we have the power to end racism. Despite our prejudice and disregard, racism can be significantly impacted and possibly even terminated with unity, partnership and cooperation amongst the people. Still to this day people of color are often faced with various disadvantages that can severely impact their quality of life, disadvantages such as poverty, education, and financial decisions.
6. In a monopolistic competition industry, if one firm appreciably increased its price from the existing equilibrium price, which of the following outcomes would most likely ensue?
The redlining practices of the Federal Government established economic segregation in San Antonio. Denying minorities access to federally backed home loans put them at an economic disadvantage when it comes to accumulating wealth. This also creates a cycle of poverty and crime in those neighborhoods.
America is known as the land of the free and home of the brave. When thinking of this you think about all the opportunities presented to people and all the freedom. An idea of America is that we’re a meritocracy, which means anyone can be able to to become anything they want as long as they work hard playing by the rules. Along with that many people believe that diversity will bring together the country and unite us all but that’s not the case. America is not a meritocracy.