Which Statement Is Correct Concerning the Luddites

question 105

Multiple Choice

Which statement is correct concerning the Luddites?

• A)They received little support in their areas of activity.
• B)They destroyed industrial machines that destroyed their livelihood.
• C)They were composed of the lowest unskilled workers in Great Britain.
• D)They were the first movement driven by working-class consciousness on the Continent.
• E)They demanded the establishment of a socialist economy.

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Definitions:

Marginal Costs

The heightened cost linked to the creation of an extra unit of a product or service.

Inverse Demand Function

A mathematical representation that expresses the price of a good or service as a function of the quantity demanded.

Marginal Cost

The additional expense incurred for producing one more unit of a product or service.

Inverse Demand Curve

Describes the relationship between price and quantity demanded, showing price as a function of quantity.