AnswersCA-World History Culture and Geography A-CRCultural Change in the Industrial Age

Capitalism Answers

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Who owns most farms and factories in a capitalist economy?

A
private banks
B
private individuals
C
state governments
D
national governments
2
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The ultimate goal of mercantilism was to gain greater

A
influence on nearby nations.
B
power through wealth.
C
independence for individuals.
D
goods through trading.
3

In a capitalist economy, greater competition directly benefits

A
consumers.
B
employers.
C
producers.
D
lawmakers.
5

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

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

In a laissez-faire economy, the government plays a

A
limited role.
B
indefinite role.
C
dominant role.
D
dependent role.
7

According to Adam Smith, the government should be responsible for

A
encouraging producers to act in their own self-interest.
B
imposing tariffs and quotas on any imported products.
C
helping business owners develop a sense of self-respect.
D
setting the amount that could be charged for a product.
8

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

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

At the dawn of industrialization, why were entrepreneurs important to changing economies in Europe? Check all that apply.

A
They started a number of new businesses.
B
They improved on the available technology.
C
They fought to eliminate government control.
D
They developed new products and inventions.
E
They invested money in new businesses.
10

Why did governments authorize the creation of joint-stock companies?

A
to stop shareholders from buying stocks
B
to allow their colonies to make money
C
to limit the possibility of risk from trade
D
to prevent a positive balance of trade

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