Which of the Following Events Did NOT Occur During the Homestead

question 118

Multiple Choice

Which of the following events did NOT occur during the Homestead strike of 1892?

• A)Henry Frick shut down the plant in an attempt to destroy the Amalgamated union.
• B)The entire Pennsylvania National Guard was ordered to protect strikebreakers.
• C)Hundred of guards hired by Homestead were defeated in a deadly battle with strikers.
• D)One radical made a failed attempt to assassinate Henry Clay Frick.
• E)The Amalgamated trade union won the strike.

Evaluate the role of government intervention in achieving economic efficiency and equity.

Understand the significance of resource allocation in determining standards of living.

Understand the concept of stress, its causes, and its physical and psychological consequences.

Identify workplace factors that contribute to stress and strategies for stress management.

---

Definitions:

External Costs

Costs that are not reflected in the market price of goods or services, often burdening third parties not involved in the transaction.

External Benefits

Positive effects of a production or consumption activity on third parties not directly involved in the transaction.

Property Rights

Legal rights that delineate the ownership and use of property, including rights to use, sell, rent, mortgage, transfer, and destroy the property.

Marginal Costs

The additional cost incurred by producing one more unit of a product or service, crucial for decision-making in economics and business.