Quarter exam 2 8th grade 2

What is a Monopoly?

• A market controlled by many small businesses

• A situation where one company controls an entire market

• A type of government-owned business

• A market with very few competitors

Which of the following is an example of a monopoly?

• McDonald's

• Standard Oil

• Amazon

• Microsoft

What is the main difference between a robber baron and a captain of industry?

• Robber barons are always philanthropists, while captains of industry are not

• Robber barons use unethical practices for personal gain, while captains of industry contribute to society

• Robber barons are small business owners, while captains of industry are CEOs

• There is no difference

Which of the following is considered a robber baron?

• John D. Rockefeller

• Andrew Carnegie

• Henry Ford

• J.P. Morgan

Which of the following is a famous example of a captain of industry?

• Andrew Carnegie

• Cornelius Vanderbilt

• James J. Hill

• Both B and C

What is a muckraker?

• A journalist who reports on sports

• A politician who creates laws

• A journalist who investigates and exposes corruption

• A famous business owner

Which of the following were muckrakers?

• Upton Sinclair

• Theodore Roosevelt

• Andrew Carnegie

What impact did Westward Expansion have on the United States?

• It led to the end of slavery

• It led to increased industrialization and settlement

• It led to a decrease in Native American populations

• Both B and C

What was the Homestead Act of 1862?

• It provided land grants to settlers who moved West

• It established national parks

• It limited immigration to the United States

• It created a policy for farm subsidies

What does corruption mean in the context of government or business?

• Fair and ethical behavior in a market

• Unethical or dishonest conduct, especially in politics or business

• The promotion of economic policies

• A policy of free trade