Which of the Following Can Be Considered a Social Change

question 8

Multiple Choice

Which of the following can be considered a social change that occurred between 1871 and 1914?

• A)the passing of laws giving women the right to vote
• B)the establishment of public school systems
• C)the creation of a bill of rights for peasants in eastern European states
• D)the founding of a social welfare system in Russia

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of goods or services.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific period.

Legally Exchanged

Refers to the process of trading goods, services, or financial instruments in accordance with laws and regulations.

Quota Rent

The earnings that accrue to license holders in a system where import quantity is limited by quotas; it represents the difference between domestic prices and world prices due to restricted supply.