Which of the Following Is True of the Knights of Labor

question 45

Multiple Choice

Which of the following is true of the Knights of Labor under the leadership of Terence Powderly?

• A) It sought to establish a cooperative society in which workers owned the means of production.
• B) It changed its name to the American Federation of Labor in 1886.
• C) It instigated the Haymarket riot.
• D) It refused membership to blacks and women.

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Definitions:

Low-productivity Workers

Employees who produce less output than the average worker within a certain period.

Utility Function

Describes the relationship between the quantities of goods consumed and the level of satisfaction or utility derived from those goods by a consumer.

Consumption H

This term is unclear without additional context but could imply a specific form of consumption denoted by "H."

Pooling Equilibrium

A situation in game theory where different types with different information are indistinguishable to others, leading to a common action or outcome.