Dependency on Slave Labor ________________ During the Industrial Revolution

question 30

Multiple Choice

Dependency on slave labor ________________ during the Industrial Revolution.

• A) increased
• B) decreased
• C) stayed the same
• D) was outlawed
• E) was eliminated

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Definitions:

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It necessitates the need for prioritization and choice.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs.

Production

The process of creating, manufacturing, or enhancing goods and services, involving the combination of resources like labor and raw materials.

Production Possibilities Frontier

The Production Possibilities Frontier (PPF) is a curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.