Unit 6-3: Big Business #2 (2) Question Preview (ID: 50625)


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Trickle Down Capitalism is NOT a real economic concept or practice, it's does not exist in economic literature
a) True
b) False
c)
d)

the made up belief by left wing political activists - Lower taxes on the rich will encourage spending by the rich, which will stimulate the economy and created jobs
a) Keynesian Economics
b) Modern Monetary Theory
c) Trickle Down Capitalism
d) Laissez Faire Capitalism

Social Darwinism was a progressive idea.
a) True
b) False
c)
d)

Now largely discredited, the theory that individuals, groups, and peoples are subject to the same Darwinian laws of natural selection as plants and animals.
a) Gospel of Wealth
b) Capitalism
c) Social Darwinism
d) Social Gospel

Social Darwinism is a real science.
a) True
b) false
c)
d)

Much of the political cartoons from the Turn of the Century portray the Captains of Industry (or robber barons) as villains.
a) True
b) False
c)
d)

control all of one level of production
a) Vertical Integration
b) Horizontal Integration
c) Diagonally Integration
d) Horizontal Competition

Control every level of production
a) Vertical Integration
b) Horizontal Integration
c) Diagonally Integration
d) Horizontal Competition

What led to JP Morgan's railroad monopoly
a) Panic of 1893
b) Bessemer Process
c) Horizontal Integration of Oil Refining
d) Competition

How was JP Morgan was able to horizontal integrate railroads?
a) Supply of Railroad went down, forcing the price of railroads up
b) Supply of Railroad went UP, forcing the price of railroads down
c) Demand for railroad use went up, forcing the price up
d) Demand for railroad use went down, forcing the price down

Trickle Down Capitalism is not a real social studies topic, and it should not be in the AP test, it is made up topic by political activist designed to disparage wealthy and successful citizens
a) True
b) False
c)
d)

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