Match Each Description with the Item Below

question 77

Multiple Choice

Match each description with the item below.
-Eugene V. Debs

• A)organized a week-long march of child workers from Pennsylvania to President Theodore Roosevelt's home in New York
• B)maintained his commitment to high tariffs after the war despite concerns that they would increase consumer prices
• C)led the Knights of Labor and emphasized the strategy of winning political control of the areas around unions
• D)wrote the essay "The Gospel of Wealth," which held that with great wealth came great responsibility
• E)met to form the Industrial Workers of the World but withdrew and went on to become a presidential candidate of the Socialist Party of America
• F)was the head of the National Labor Union who died suddenly in 1869, resulting in its support declining
• G)was a former Confederate cavalry officer who developed a formula meant to be for medicinal syrup but that would become the origin of Coca Cola
• H)organized the Workingmen's Party of California and blasted railroad barons for exploiting the poor
• I)invented the telephone, which would become the most valuable patent ever issued
• J)convinced middle-class women to enter the so-called real world by engaging in social work

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Definitions:

Inelastic

Describing a situation where a change in the price of a good or service has a relatively small effect on the quantity demanded or supplied.

Price Elasticity

The responsiveness of the quantity demanded or supplied of a good to a change in its price, commonly referred to in economics as price elasticity of demand or supply.

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price over a specified period.

Midpoint Formula

A method used in economics to calculate the percentage change in quantity demanded or supplied, given two points, by dividing the change by the midpoint between the two points.