Between 1890 and 1910 the Annual Income of Most American

question 39

Multiple Choice

Between 1890 and 1910 the annual income of most American industrial workers

• A) was consistently lower than that of farm laborers.
• B) was consistently higher than that of college professors.
• C) steadily declined, causing many to fall into poverty.
• D) increased, but it did not keep pace with increases in the cost of living.

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Definitions:

Cost Of Goods Sold

Expenses inherently linked to the manufacturing of a company's products, including the costs of materials and labor.

Finished Goods

Items that have gone through the production process and are now prepared for sale.

Manufacturer

A company or person that produces finished goods from raw materials in large quantities through various processes.

Ready For Sale

Indicates items or products are in a condition where they can be offered to customers for purchase.