In the Essay "Factory Life as It Is by an Operative

question 93

Multiple Choice

In the essay "Factory Life as It Is by an Operative," how does the writer assess her world?

• A) She marveled at the technology in the factory.
• B) She did not appreciate what had happened to the artisans.
• C) She believed it was best to keep quiet about her work.
• D) She saw the wealthy as hypocrites.
• E) She did not believe enough jobs had been created.

---

Definitions:

Wages

Wages are payments made to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.

Factors of Production

The inputs used in the production of goods or services in the process of creating economic value; these typically include land, labor, capital, and entrepreneurship.

Monopsony Firm

A market situation where there is only one buyer or a dominant buyer for a product or service, giving that buyer substantial control over market prices and terms.

Competitive Firm

A business that operates in a market with many buyers and sellers, where no single entity can significantly influence the market price of goods and services.