Savvas Chapter 11 Lesson 2 Quiz

What led to urbanization?

• Farms in the West began to fail.

• The cities were safe and cleaner.

• Many wanted to start their own business.

• New inventions created job opportunities in the cities.

What is the name of the economic system that allowed people such as Andrew Carnegie to start their own business?

• monopoly

• assembly line

• free enterprise

• entrepreneurship

How does demand for a product help the economy grow?

• Entrepreneurs take more risks when demand is high, and this results in a

  growing economy.

• Supply has to increase to keep up with demand, and the creation of products keeps the economy strong.

• Business-people try to keep costs low when meeting high demand, and this savings is passed on to consumers.

• Many workers are needed to keep up with a high demand, and having more workers than is necessary helps the economy grow.

Which of these statements is an example of how natural resources helped the American economy grow?

• By 1928, Boeing was one of the largest airplane manufacturers in the world.

• With an assembly line, a product is put together as it moves past a line of workers.

• In 1863, entrepreneur John D. Rockefeller built his first oil refinery near

  Cleveland, Ohio.

• Bigger companies could produce goods at a lower cost, so businesses began to join together.

Which statement correctly describes the impact the growth of industry had on large cities in the late 1800s?

• As monopolies in industries grew, small businesses were less likely to succeed in large cities.

• As a result of increased pollution in large cities, new technologies had to be invented to deal with it.

• As it strengthen the economy, industrial growth led to major problems for people living and working in cities.

• As their wealth and power grew, big business entrepeneurs gained greater influence and control of city governments.