The NAACP

question 102

Multiple Choice

The NAACP

• A)was created and controlled entirely by black activists.
• B)advocated violence as a means of ending discrimination.
• C)initiated lawsuits challenging segregation and voting discrimination.
• D)continued the policy of accommodation established by Booker T. Washington.
• E)no longer exists.

---

Definitions:

Market Wage

The prevailing pay rate for work of a given nature in a specific market or industry.

Labor Supply

The total hours that workers are willing and able to work in a given period, often influenced by factors like wages, working conditions, and social norms.

Capital

Financial assets or the financial value of assets, such as cash and goods, used to generate wealth through investment or production.

Factor Substitution Effect

The process by which firms replace factors of production (like labor and capital) with others due to changes in relative prices or technology.