What Did the Ausgleich or Compromise of 1867 Achieve

question 55

Multiple Choice

What did the Ausgleich or Compromise of 1867 achieve?

• A)It created a loose federation of ethnic states within the Austrian Empire.
• B)It freed the serfs and eliminated compulsory labor services with the Austrian Empire.
• C)It made Austria part of the North German Confederation.
• D)It granted the Czechs and Slovenes home-rule.
• E)It created the dual monarchy of Austria-Hungary.

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Definitions:

Real Wages

Real wages refer to wage earnings adjusted for inflation, representing the purchasing power of a person's earnings in terms of the goods and services they can buy.

Dual Labor Market

A theory of the labor market that suggests it is divided into two segments: the primary market, which offers good jobs and the secondary market, known for poor working conditions and low pay.

Primary Market

A financial market where new securities are issued and sold for the first time to investors.

Secondary Market

A marketplace where investors buy and sell securities or assets from other investors rather than from issuing companies directly.