Chapter 2 & 3 Test
Authored by Jakob Hink
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The total value of all goods and services that a country produces is called its _________.
total economic iindicator
gross national product
industrial index
national income
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
How did the discovery of minerals in America fuel industrialization?
American companies could acquire natural resources more cheaply.
New states, created by an influx of prospectors, welcomed new companies.
The U.S. government could now regulate the mining of natural resources.
Minerals could be exported to other countries at a high profit.
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What role did railroads play in industrialization?
There were many laws in place that helped merchants profit from the railroads.
Railroad tycoons used their money for many charitable causes.
Railroads used coal, which was mined in the West.
They expanded markets for industrial products by making it easier for Western settlers to purchased them.
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What two factors led to a larger workforce available to new industries?
immigration and higher infant survival rates
retired Civil War generals and army regulars entered the workforce
lower tariffs and immigration from the American West
urban tenements and widespread poverty
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What inventor created the phonograph, the light bulb, motion pictures, and several electric companies?
Thomas Alva Edison
Alexander Graham Bell
George Westinghouse
Gustavus Swift
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What ideal of the free enterprise system wanted the government to remain out of economic affairs?
laissez-faire
interregulation
supply and demand
commercial advancement
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
People who risk their own capital to organize and run a business are called
capital investors
robber barons
industrialists
entrepreneuers
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