Socialism and Communism — Unit test Answers

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21
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Why did industrialization change the economy of many countries? Check all that apply.Individuals began to start more private businesses.Entrepreneurs took on a less dominant role.New banking systems financed the growth of business.Factories began to employ specialized workers.Governments stopped supporting joint-stock companies.

A
Individuals began to start more private businesses.
B
Entrepreneurs took on a less dominant role.
C
New banking systems financed the growth of business.
D
Factories began to employ specialized workers.
E
Governments stopped supporting joint-stock companies.
22
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Why do governments often regulate business in a capitalist society?

A
to prevent the overproduction of products
B
to guarantee the development of big business
C
to prevent environmental problems and disasters
D
to guarantee employment for every worker
23

Which was a main benefit of industrialization?

A
Governments funded more investments in business.
B
Business owners hired the most competent workers.
C
Workers took on varied tasks and performed diverse roles.
D
The number of private banks in Europe began to decrease.
24

In a capitalist economy, greater competition directly benefits

A
consumers.
B
employers.
C
producers.
D
lawmakers.
25

What is one counter-argument to the premise that the wealth gap is a serious problem which needs to be addressed?

A
The lower classes have the opportunity to invest.
B
Poor people can easily move into the middle class.
C
Investments by the upper class create lower-class jobs.
D
Buying power sharply increases for the working class.

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