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U6-2-1: Business #1
Test Description: Socialstudiesgames.net
Instructions: Answer all questions to get your test result.
1) What is the easy way to imagine an economy?
A
store
B
school
C
church
D
jail
2) What was the most advanced common means of transportation at the turn of the century?
A
horse
B
car
C
railroad
D
airplane
3) Railroads were privately owned and not publicly owned (government owned).
A
False
B
True
4) Which of the following is an example of the government getting involved in the economy?
A
Allowing the railroads to determine their own prices for shipping goods
B
Building roads
C
Allowing private companies to build railroads
D
Making murder illegal
5) Persuading the government to pass laws to help your group?
A
competition
B
legislating
C
Investing
D
lobbying
6) Why did the farmers form the Grange and lobby the government to pass laws that protected farmers?
A
Farmers wanted the government to stay out of the economy
B
Farmers believed that railroad owners were charging unfair prices
C
Farmers wanted the government to make the railroad illegal
D
Farmers were communists
7) Why did the government give free land to private businesses, so that the private businesses could profit from building railroads?
A
The nation was in a depression, and this stimulated public works projects
B
All of the government was corrupt and worked out deals with the railroad owners
C
The country needed railroads to allow the flow of people and goods, and this was the only way to encourage private businesses
D
The government owed private businesses, so they gave them land instead of money
8) The Wealth of Nations, an influential economics book, was written by -
A
Edmund Burke
B
John Deere
C
Adam Smith
D
George Washington
9) Adam Smith argued for a “hands off” approach by the government in regards to the economy.
A
Como te llamas
B
Merci beaucoup
C
Habeas Corpus
D
Laissez Faire
10) In a laissez faire economy, the government determines the prices of goods.
A
True
B
False
*select an answer for all questions
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