Which of the Following Was Not One of the Responses

question 43

Multiple Choice

Which of the following was not one of the responses of American workers to the economic difficulties of the 1830s and 1840s?

• A) They attacked Irish Catholic immigrants.
• B) They struck for wage increases.
• C) They established rural republican townships.
• D) They attempted to form labor unions.
• E) They joined forces to buy factories and run them as cooperative, employee-owned companies.

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Definitions:

Mark-Up Percentage

The percentage added to the cost price of goods to cover overhead and profit in the selling price.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Sales Volume

The number of units of a product or service sold in a specific period of time, indicative of consumer demand and business performance.

Demand Elastic

Refers to the degree to which demand for a good or service varies with its price. High elasticity indicates demand changes significantly with price changes, while low elasticity indicates little to no change.