Britain's Factory Act of 1833

question 46

Multiple Choice

Britain's Factory Act of 1833

• A) reduced the number of women working in factories.
• B) reduced the number of children working in factories.
• C) established an eight hour work day for all workers.
• D) placed a high tariff on imports in order to increase the profits of industrialists.
• E) prohibited the construction of factories within city limits.

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Definitions:

Demand

The capacity for purchasing goods or services that people demonstrate readiness and financial ability for, at diverse price levels, during a certain timeframe.

Law Of Demand

The economic principle stating that as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.

Income Increases

A situation wherein individuals or entities experience a rise in their earnings or profits over a certain period.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.