Class Mobility and Equal Opportunity Have Their Roots In

question 39

Multiple Choice

Class mobility and equal opportunity have their roots in:

• A) the feudal system in England, 600 years ago.
• B) China from the 1700s.
• C) the USSR of the 1950s.
• D) the U.S. idea of the American Dream.

Describe the impact of the Enlightenment and the communications revolution on colonial America, including shifts in religious practices and consumerism.

Identify the influences on and outcomes of educational and labor systems in colonial America, including the task and gang labor systems and the establishment of institutions like Dartmouth College.

Understand the dynamics of colonial economic and social systems, including the roles of indentured servants, redemptioners, and the impact of consumer goods like tea on colonial society.

Understand the different strategies enslaved men employed to earn extra money.

---

Definitions:

Conversion Cost

The sum of direct labor costs and manufacturing overhead expenses involved in converting raw materials to finished products.

Total Variable Cost

The sum of all variable expenses that change in proportion with production output or business activity levels.

Contribution Margin

The amount by which sales revenue exceeds variable costs, indicating how much revenue contributes to fixed costs and profit.

Contribution Margin

The amount of revenue available after variable costs have been deducted, which contributes towards covering fixed costs and generating profit.