Answer: meritocracy
Explanation: Meritocracy is referred to as a system in which success, status and achievement in life depend solely on individual talents, abilities, and effort and the individuals are rewarded based on merit. However, It is a social system in which people advance on the basis of their merits. In the above example Elisa’s hard work was rewarded with a raise and a bonus, this is as a result of meritocracy
Answer:
The correct answer is "kept workers on rigid schedules". During Industrial Revolution when the rights of the workers were not established yet, factory owners used to abuse of their power by giving rigid schedules to their workers. The other options are incorrect since factory owners not used to give high payments and even used to hire child workers in order to reduce the salaries costs.
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Answer: D. The Federal Reserve Bank can provide a short-term loan to banks to prevent them from running out of money.
Explanation: The Federal Reserve Banks are set up by the nation's federal government to perform functions such as saving and keeping reserves of commercial banks and also lend to these banks when the need arises by providing short term loans. One of such situations when the Federal Reserve Banks provide short term loan cover for commercial banks include the run period which occurs when depositors concurrently withdraws their money from a bank due to perceived collapse or solvency. At this point, such bank may need help of the federal reserve bank to cover up due to simultaneous cash withdrawal request of large number of customers, thereby preventing the bank from running out of cash.
