AnswersWorld History Issues and PatternsCapitalism

Capitalism — Quiz Answers

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1
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What was one advantage of the division of labor during the growth of industry?

A
Workers no longer had to depend on entrepreneurs for jobs.
B
Workers were able to specialize and perform specific tasks.
C
Workers began to rely on the government for employment.
D
Workers could do a variety of tasks and take on extra jobs.
3
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Who owns most farms and factories in a capitalist economy?

A
private individuals
B
private banks
C
state governments
D
national governments
5

A market that is driven by supply and demand is controlled by

A
producers and consumers.
B
lawmakers and producers.
C
state and national governments.
D
lawmakers and consumers.
6

Why did industrialization change the economy of many countries? Choose three correct answers.

A
Entrepreneurs took on a less dominant role.
B
Governments stopped supporting joint-stock companies.
C
New banking systems financed the growth of business.
D
Factories began to employ specialized workers.
E
Individuals began to start more private businesses.
7

How did banking change in Europe from the 1700s to the 1800s?

A
The number of government banks sharply increased.
B
The number of private banks sharply increased.
C
The number of private banks sharply decreased.
D
The number of government banks sharply decreased.
9

In a laissez-faire economy, the government plays a

A
limited role.
B
dominant role.
C
dependent role.
D
indefinite role.
10

At the dawn of industrialization, why were entrepreneurs important to changing economies in Europe? Choose four correct answers.

A
They developed new products and inventions.
B
They improved on the available technology.
C
They started a number of new businesses.
D
They fought to eliminate government control.
E
They invested money in new businesses.

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