Which of the Following Resulted from Late Nineteenth-Century Industrial Capitalism

question 22

Multiple Choice

Which of the following resulted from late nineteenth-century industrial capitalism?

• A) Decreasing disparities in accumulated wealth
• B) Decreasing the number of agrarian poor
• C) Acceleration of economic boom-and-bust cycles
• D) Many small producers competing with each other

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Definitions:

Moral Hazard

A situation where a party is more likely to take risks because the negative consequences of the risk will be borne by another party.

Seat Belts

Safety devices designed to secure passengers in a vehicle against harmful movement that may result during a collision or a sudden stop.

Accidents

Accidents are unplanned events that can cause damage, injury, or loss, often stemming from unforeseen circumstances or negligence.

Adverse Selection

A situation in insurance and finance where higher-risk individuals are more likely to apply for or select a particular service, leading to potential losses for the insurer or lender.