Match the Term with the Definition

question 7

Multiple Choice

Match the term with the definition.
-Founded in 1905, this umbrella union and radical political group was dedicated to organizing unskilled workers to oppose capitalism. It advocated direct action by workers, including sabotage and general strikes, in hopes of triggering a widespread workers' uprising.

• A)birth control movement
• B)Industrial Workers of the World (IWW)
• C)muckraking
• D)The New Freedom
• E)The New Nationalism
• F)Plessy v. Ferguson
• G)progressivism
• H)reform Darwinism
• I)Roosevelt Corollary
• J)settlement houses
• K)social gospel
• L)Socialist Party

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Definitions:

Monopoly's Product

A unique product or service without close substitutes, offered by a monopolist who faces no competition.

Profit-Maximizing

Refers to strategies or decisions taken by a company to maximize its profits by increasing revenue, reducing costs, or both.

Charge a Price

The act of assigning a monetary value to a product or service that customers must pay to obtain it.

Marginal Cost

is the cost incurred by producing one additional unit of a product or service.