Capitalism — Unit test Answers

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Wealth brings with it its own checks and balances. The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. . . . make equal laws: secure life and property, and you need not give charity. Open the doors of opportunity to talent and virtue, and they will do themselves justice, and property will not be in bad hands. In a free and just commonwealth, property rushes from the idle [lazy] and brainless, to the industrious, brave, and persevering.

A
Greater competition will benefit the consumer.
B
Private ownership is the basis for success.
C
Government should not play a role in the free market.
D
Only industrious people should have access to capital.
2
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How were serfs different from enslaved persons?

A
Serfs could purchase their freedom, and enslaved persons could not.
B
The children of serfs were free, and the children of enslaved persons were not.
C
Serfs worked for their lord’s protection, and enslaved persons had no protection.
D
Serfs were in Europe, and enslaved persons were only in the Americas.
3

Which describes tenant farmers?

A
They farm and live on the same land.
B
They rent land to other farmers to use.
C
They live in cities and work in rural areas.
D
They farm land owned by someone else.
4

The photograph, taken by Lewis Hine in 1908, shows a glass factory.What information is shown in this picture?

Question illustration
A
Underage workers were employed at the glass factory.
B
Wages at the glass factory were paid at the end of each week.
C
Working conditions at the glass factory were better than average.
D
Workers at the glass factory wore company uniforms.
5

Read the evidence for an argumentative essay.Studies have shown that capitalist countries have people living in poverty, and capitalist economies often have a great deal of inequality.

A
claim.
B
counterclaim.
C
topic.
D
conclusion.
6

Which natural resources were most important to the development of industrialization in the United States? Check all that apply.

A
animals
B
fertile land
C
oil and gas
D
forests
E
minerals
7

Which is the best example of a political effect?

A
Students become angry because a specific event was not approved by the school board.
B
A popular decision is made, which helps the school board president get reelected.
C
Customers decide to stop shopping at a specific store because the quality of the product has changed.
D
A controversial tax decision was postponed until the end of the year, specifically to avoid mid-year tax changes.
8

How did the Reform Act of 1832 affect voter representation in Parliament?

A
The act took representation away from women.
B
The act took representation away from people in cities.
C
The act gave greater representation to people in cities.
D
The act gave greater representation to wealthy landowners.
9

Over time, how did the nature of slavery change in America?

A
Mostly Indigenous people were enslaved.
B
Slavery became more permanent for enslaved persons, but not their families.
C
Slavery was based entirely on race.
D
Slave codes protected enslaved persons from cruel and unusual punishment.
10

How did innovations in manufacturing lead to improvements in transportation?

A
Goods were produced efficiently and needed more efficient transportation.
B
Goods became more valuable and required safer transportation.
C
Inventions used in textile production also improved transportation systems.
D
Multiple cottage industries meant an increased need for travel to cities.
11

As a result of industrialization in the 1880s, there was rapid growth in Britain’s first industrialized city of

A
London.
B
Leeds.
C
Manchester.
D
Birmingham.
12

[BLANK]

A
triangular trade
B
Middle Passage
C
Columbian Exchange
D
abolitionist movements
13

The first step in understanding the costs and benefits of a decision is

A
identifying possible outcomes.
B
determining all costs and benefits.
C
identifying possible benefits.
D
calculating the costs of all options.
14

Because of low wages and overcrowding, many immigrants lived in tenements or cheap apartments that were

A
constantly being fixed and brought up to standard by landlords.
B
constructed without building, fire, or safety codes in place.
C
slowly improving because of help from the city government.
D
quickly improving because of the passage of new state laws.
15

In Mesoamerican civilizations, enslaved persons were often

A
transported from other continents.
B
enslaved as punishment for crimes.
C
enslaved because of their race.
D
required to pledge loyalty to a leader.
16

Which social effect may result from adding healthier options to a school lunch program?

A
angering school leaders who will have to pay more for the program
B
angering students because of the loss of familiar choices
C
helping the school board president’s chances of being reelected
D
hurting the school board president’s chances of being reelected
17

Most socialists believe that the best way to improve society is to

A
outlaw political parties and ban elections.
B
allow businesses and individuals to follow their own best interests.
C
insist that the government protects the interests of workers and consumers.
D
allow businesses to follow the principles of cooperation and sharing.
18

What happened to skilled workers during the Industrial Revolution?

A
They became more valuable to entrepreneurs.
B
They had to be retrained to operate machines.
C
They went to work in factories at high salaries.
D
They were replaced by unskilled workers.
19

People who wish to improve their working conditions are most likely to

A
quit their jobs.
B
oppose unions.
C
form unions.
D
move to another country.
20

In a capitalist system, the ideology is that people who work hard are rewarded. Why do socialists criticize this approach?

A
They say it bankrupts the economy.
B
They believe that no one should be paid for work.
C
They say it results in an unfair distribution of wealth.
D
They believe it makes everyone try to work too hard.

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