MATCHING Match Each Description with the Item Below

question 64

Multiple Choice

MATCHING
Match each description with the item below.
-Reverend Josiah Strong

• A)founded Standard Oil
• B)was president of the Homestead Steel Works
• C)led the Knights of Labor
• D)wrote "The Gospel of Wealth"
• E)was a presidential candidate of the Socialist Party of America
• F)founded a mail-order business
• G)coined the phrase "social dynamite"
• H)organized the Workingmen's Party of California
• I)was a labor organizer executed for murder
• J)consolidated the steel industry into the United States Steel Corporation

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Definitions:

Gain From Trade

The increase in utility or benefit that entities receive from trading goods or services with each other, often as a result of specialization and efficiency.

Barrels

A unit of measure for oil and other petroleum products, equal to 42 US gallons.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Production Possibility Frontiers

A curve depicting all maximum output possibilities for two or more goods, given a set of inputs.