Which of the Following Is Correctly Matched

question 73

Multiple Choice

Which of the following is correctly matched?

• A) Adamson Act-eight-hour workday for railroad workers
• B) Elkins Act-workmen's compensation for federal employees
• C) Hepburn Act-prohibited discriminatory railway rates that favored powerful customers
• D) Newlands Reclamation Act-enabled the Interstate Commerce Commission to set shipping rates

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Definitions:

Lorenz Curves

Graphical representations showing the distribution of income or wealth within an economy, illustrating disparities in wealth distribution.

Nation's Total Income

The total amount of money earned within a country from the production of goods and services, before taxes and other deductions.

Utility

A measure of satisfaction, usefulness or pleasure a consumer obtains from consuming a good or service.

Redistribution of Income

A policy or practice by which income is redistributed from wealthier segments of society to poorer ones through mechanisms like taxation and government spending.