MATCHING Match Each Description with the Item Below

question 21

Multiple Choice

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

• A)was secretary of state; called Spanish-American War "a splendid little war"
• B)was the Democratic presidential candidate in 1900
• C)wrote Our Country: Its Possible Future and Its Present Crisis
• D)negotiated an agreement with Japan concerning the future of Korea
• E)was elected vice president in 1900
• F)owned the New York Journal
• G)proposed returning Queen Liliuokalani to Hawaiian throne
• H)wrote The Influence of Sea Power upon History
• I)acquired Alaska for the United States
• J)captured Manila Bay

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital.

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource, such as labor or raw materials.

Labor Demand Data

Information that reflects the quantity of labor that employers are willing to hire at various wage rates.

Labor Supply Data

Information or statistics that represent the total number of hours that workers are willing and able to work at different wage rates in a given time period.