Unit 9 Vocab Quiz

What does industrialization involve?

• Cultural domination imposed by one society over another

• The process of building and operating factories and businesses

• The process of fencing land off from common usage

• Economic system controlled entirely by the state

Answer explanation

Industrialization involves the process of building and operating factories and businesses.

What is the enclosure movement?

• Political domination imposed on a society by another society

• The process of fencing land off from common usage

• A shift to production of goods in a central location

• Economic system in which private business operates for profit

Answer explanation

The enclosure movement refers to the process of fencing land off from common usage, restricting access to the land by the general public.

What characterizes the factory system?

• Production of goods in homes

• Economic system free from government regulation

• Operation of industries by the state

• Shift to production of goods in a central location

Answer explanation

The factory system is characterized by the shift to production of goods in a central location, as opposed to production in homes or by the state.

What is free enterprise?

• Economic system in which industries are operated by the state

• Economic system controlled by the state

• System where production is controlled entirely by the state

• Economic system in which private business operates for profit in a competitive system

Answer explanation

Free enterprise is an economic system where private businesses operate for profit in a competitive environment, not controlled by the state.

What defines socialism?

• Economic system where private businesses operate for profit

• Political, economic, and cultural domination by one society over another

• Economic system in which production is controlled entirely by the state

• Economic system in which some industries are operated by the state for public good

Answer explanation

Socialism is defined as an economic system in which some industries are operated by the state for public good, making this the correct choice.

What is communism?

• Shift to production of goods in a central location

• Economic system in which private business operates for profit

• Economic system in which industries are operated by the state for public good

• Economic system in which production of goods and services is controlled entirely by the state

Answer explanation

Communism is an economic system in which production of goods and services is controlled entirely by the state.

What does imperialism involve?

• Political, economic, and cultural domination imposed on a society by another society

• Shift to production of goods in a central location

• Economic system free from government regulation

• Economic system in which some industries are operated by the state

Answer explanation

Imperialism involves political, economic, and cultural domination imposed on a society by another society.

What does the Law of supply and demand state?

• If there is high demand and low supply, the price will decrease

• If there is high demand and low supply, the price will increase

• If there is low demand and high supply, the price will increase

• Economic system where private businesses operate for profit

Answer explanation

The Law of supply and demand states that if there is high demand and low supply, the price will increase.