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Questions in business

📝 Answered - The Sherman Antitrust Act imposed limitations upon which group? A. Farmers B. Congress C. Corporations D. Small-business owners

📝 Answered - In the late 1800s, workers tolerated poor wages and working conditions because they: a. thought that the government would protect them. b. believed it had to get worse before it got better. c. could be replaced easily by other workers. d. were tricked by employers into taking dangerous jobs.

📝 Answered - First, list two intellectual property rights. Then, describe why an intellectual property right provides incentives for people to produce creative work.

📝 Answered - Which industry most spurred economic growth and innovation in related industries? A. Railroads B. Food C. Oil D. Steel

📝 Answered - Corporations had the important advantage of A. being run by an individual or a family. B. developing into monopolies. C. reducing the financial risk for individual investors. D. keeping prices high.

📝 Answered - At Best Buy, a 42" TV sells for $1250 and is on sale for 15% off. The sales tax is 6.5%. What is the final cost?

📝 Answered - Farmers contributed to the problems that led to the Dust Bowl by: a. putting down new layers of topsoil. b. moving off of the plains to find new farmland. c. damming western rivers and using irrigation techniques. d. using intensive farming practices that removed protective grasses.

📝 Answered - Which of the following helped fuel economic growth by encouraging people to buy American goods? A. Monopolies B. Patents C. Protective tariffs D. Laissez-faire

📝 Answered - Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of A. driving up costs B. raising wages C. increasing profits D. combining resources

📝 Answered - Why did so many banks collapse at the beginning of the Great Depression? A. Too many investors tried to open new accounts. B. Too many depositors tried to withdraw their money all at once. C. The stock market collapsed too slowly to collect on debts. D. The Federal Reserve put too much money into circulation.