Unit Test

Question 1

What did countries do to increase their power under mercantilism? Check all that apply.maintain a positive balance of overseas tradeuse colonies to access raw materialstrade to acquire goods rather than silver and goldissue charters for joint-stock companiessend raw materials to colonies

Revolt · Accepted Answer

A: maintain a positive balance of overseas trade; B: use colonies to access raw materials; D: issue charters for joint-stock companies

Question 2

What does government regulation of business achieve in a capitalist system?

Revolt · Accepted Answer

C: It protects workers and consumers.

Question 3

Which summary is the best fit for this passage?

Revolt · Accepted Answer

C: America is wealthy because people are free to pursue their self-interests.

Question 4

Laissez-fare capitalism means that the government its involvement in the economy

Revolt · Accepted Answer

B: limits

Question 5

Who owns the means of production in this scenario?

Revolt · Accepted Answer

A: Angelina

Question 6

By 1800, there were approximately private banks in England and Wales.

Revolt · Accepted Answer

B: 400

Question 7

The number of private banks in England and Wales grew by 600% between 1780 and .

Revolt · Accepted Answer

C: 1810

Question 8

In a capitalist system, own most factories and businesses.

Revolt · Accepted Answer

B: private individuals

Question 9

In this scenario, Angelina’s competition is .

Revolt · Accepted Answer

B: Jayden Auto Repair

Question 10

In a free market, determine(s) the price of goods.

Revolt · Accepted Answer

B: supply and demand

Unit Test Answers

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