Which of the Following Properly Assesses the Significance of Wage

question 61

Multiple Choice

Which of the following properly assesses the significance of wage labor in industrializing America during the Gilded Age?

• A) More and more Americans viewed wage labor as a temporary stop on the path to independence.
• B) Unfree working conditions in Gilded Age industries largely made traditional wage labor a thing of the past.
• C) Workers understood wage labor to be the key advantage of American industries over European competitors.
• D) More and more Americans experienced wage labor as a permanent condition on the edge of poverty.
• E) The introduction of freelancing and independent contract work made wage labor increasingly irrelevant.

---

Definitions:

Quantity Demanded

The overall volume of a product or service that consumers are eager and equipped to acquire at an established price point.

Quantity Supplied

The entirety of a product or service that sellers are capable and willing to offer at a specified price point over a determined period.

Demand for Tickets

The desire and willingness of consumers to purchase tickets for events, often influenced by factors like price, availability, and interest in the event.

Alfred Marshall

He was a prominent British economist in the late 19th and early 20th centuries, best known for his significant contributions to the principles of microeconomics.