Unit 4 Vocab Quiz

Which of the following was a fenced-in field created by wealthy British landowners on land that was formerly worked by village farmers?

• an enclosure

• an entrepreneur

• stock

• utopia

Which of the following is an economic concept that refers to separating tasks in which people in a factory or company work at one kind of job and learn to do well?

• assembly line

• industrialization

• specialization

• union

Which of the following is the definition of a stock?

• to refuse to work in order to force an employer to meet certain demand

• the process of creating economic growth while preserving the environment

• certain right of ownership of a corporation

• the idea that the government should not interfere with or regulate industries and businesses.

Which of the following is an economic system based on private ownership and on the investment of money in business ventures in order to make a profit?

• capitalism

• industrialization

• communism

• socialism

Which of the following is an economic system in which all means of production are owned by the people and all goods and services are shared equally?

• capitalism

• imperialism

• communism

• utilitarianism

What is a utopia?

• a conflict in which the participating countries devote all resources to the war effort

• the growth of cities

• government control over every aspect of public and private life

• an imagined place or state of things where everything is perfect

Which of the following is an association of workers, formed to bargain for better working conditions and higher wages?

• capitalism

• communism

• union

• utopia

Which of the following is the process of people moving to the cities?

• enclosures

• division of labor

• industrialization

• urbanization

What is an entrepreneur?

• a situation where people rely on others to provide the goods and services they need

• a person who organizes, manages, and takes on the risk of a business

• fenced off fields created by wealthy British landowners

• the resources that are needed to produce good and services

Which of the following is the process of the development of industries for the machine production of goods?

• industrialization

• specialization

• isolationism

• urbanization