Match the Term with the Definition

question 26

Multiple Choice

Match the term with the definition.
-Financial contributions by multiple members of a household for the survival of the family. From the late nineteenth century into the twentieth, many working-class families depended on the wages of all family members, regardless of gender or age.

• A)American Federation of Labor (AFL)
• B)bossism
• C)cult of domesticity
• D)Ellis Island
• E)family economy
• F)global migration
• G)Great Railroad Strike
• H)Haymarket bombing
• I)Knights of Labor
• J)sweatshop
• K)"typewriters"
• L)World's Columbian Exposition

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Definitions:

Sellers

Individuals or businesses that offer goods or services for sale, contributing to the supply side of the market economy.

Excise Tax

A tax levied on the sale or consumption of specific goods or services, such as tobacco and alcohol.

Demand Shift

Occurs when there is a change in the quantity demanded at every price level, caused by factors other than the price of the good itself.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved, often due to market failure or intervention.