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Match the Term with the Definition

question 48

Multiple Choice

Match the term with the definition.
-The first mass organization of America's working class. Founded in 1869, it attempted to bridge the boundaries of ethnicity, gender, ideology, race, and occupation to build a "universal brotherhood" of all workers.


Definitions:

Utility Function

A numerical depiction of the ranking of a consumer's preferences among various products or results.

Private Consumptions

Expenditure by households and non-profit institutions serving households on goods and services used for individual consumption.

Total Amount

The aggregate sum of all units or quantities in consideration.

Pareto Optimal

A state of allocation of resources from which it is impossible to reallocate without making at least one individual worse off.

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