Match the Person or Term with the with the Correct

question 65

Multiple Choice

Match the person or term with the with the correct description.
-slave coffles

• A)a celebration of the home
• B)revolutionized American slavery
• C)mass production of interchangeable parts
• D)corporate charter
• E)a belief that American expansion was divinely appointed
• F)religious revival
• G)steamboat travel
• H)a literary and philosophical movement
• I)groups chained together while migrating to the Deep South
• J)a chartered entity that has rights and liabilities distinct from those of its members
• K)prejudice against immigrants
• L)waterway linking New York City to the Great Lakes

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Definitions:

Elastic

In economics, elasticity refers to the degree to which demand or supply responds to changes in price. High elasticity means a significant change in quantity with a small change in price.

Unit-elastic

A situation in which the percentage change in quantity demanded is equal to the percentage change in price, indicating a unitary elasticity of demand.

Labor Demand

Refers to the quantity of workers that employers are willing to hire at a given wage rate.

Rapidly Declining

This term describes a situation where values, prices, or quantities are decreasing quickly over a period of time.