Our Economic System

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Social Studies, Business
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4th Grade - University
•
Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a primary reason settlers moved to the Midwest and Western regions of America?
To establish religious communities
To escape harsh weather conditions
To find new trading partners
To seek business opportunities
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the Industrial Revolution impact the production of goods?
It made goods more expensive to produce
It increased production speed with the use of machines
It slowed down production due to manual labor
It limited the variety of goods available
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant outcome of the expansion of railroads in America?
Decline in consumer demand
Reduction in the number of factories
Growth and spread of businesses and corporations
Decrease in European imports
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did workers form labor unions during the rise of corporations?
To support corporate mergers
To increase working hours
To demand higher taxes
To ensure fair treatment and better working conditions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the Homestead strike a response to?
Reduction in workers' pay
Closure of factories
Introduction of new machinery
Increase in working hours
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role did banks play in the evolving economy?
They discouraged saving money
They only served wealthy individuals
They provided a safe place for people to keep their money
They replaced the need for money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a fundamental component of the modern economic system?
Using money to purchase products
Bartering goods
Trading services without compensation
Relying solely on government support
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