AnswersSS221 World HistoryGeography AImpact of the Industrial Age

Impact of the Industrial Age Answers

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What did countries do to increase their power under mercantilism? Check all that apply.maintain a positive balance of overseas tradeuse colonies to access raw materialstrade to acquire goods rather than silver and goldissue charters for joint-stock companiessend raw materials to colonies

A
maintain a positive balance of overseas trade
B
use colonies to access raw materials
C
trade to acquire goods rather than silver and gold
D
issue charters for joint-stock companies
E
send raw materials to colonies
3

In a free market, determine(s) the price of goods.

A
government entities
B
supply and demand
6

What does government regulation of business achieve in a capitalist system?

A
It increases profits for businesses.
B
It determines supply and demand.
C
It protects workers and consumers.
D
It determines the means of production.
7

Which summary is the best fit for this passage?

A
America is wealthy because citizens help others in need.
B
America is wealthy due to the sacrifices people have made to improve society.
C
America is wealthy because people are free to pursue their self-interests.
D
America is wealthy thanks to the actions taken by the government.
8

Who owns the means of production in this scenario?

A
Angelina
B
Jayden Auto Repair
C
the state and local governments
9

In a capitalist system, own most factories and businesses.

A
government entities
B
private individuals
10

In this scenario, Angelina’s competition is .

A
Reliable Auto Repair
B
Jayden Auto Repair
C
the state and local governments
11

Before Reliable Auto Repair can open its doors, it must meet the regulations created by .

A
Angelina
B
Jayden’s Auto Repair
C
the state and local governments

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