Henry George Believed That the Root of Social Inequality and Social

question 23

Multiple Choice

Henry George believed that the root of social inequality and social injustice lay in

• A) stock speculators and financiers who manipulated the price of real goods and services.
• B) labor unions that artificially drove up the prices of wages and therefore goods.
• C) landowners who gained unearned wealth from rising land values.
• D) businesspeople who gained excessive profits by exploiting workers.
• E) patriarchal ideologies that regarded women as inferior domestic beings.

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Definitions:

Owner Recorded

The registration of assets, liabilities, or transactions by the owner in the financial records of a business.

Cash Payments Journal

A specialized accounting journal used to record all cash outflows or payments made by a business.

General Journal

A bookkeeping ledger that records every financial transaction of a business in chronological order.

Revenues Journal

A record of sales and income transactions, typically used in accounting to track and manage revenue generation.