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Chris M.
Chris M., M.S.W. Social Work
Category: Homework
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Which statement is true Your Answer A depression

Resolved Question:

Which statement is true?

Your Answer: A depression followed both World War I and World War II.
A depression followed neither World War I nor World War II.
A depression followed World War I, but not World War II.
A depression followed World War II but not World War I.

Comments:

2. Question: There was full employment in:

Your Answer: 1929 and 1942.
neither 1929 nor 1942.
1929 only.
1942 only.

Comments:

3. Question: Between 1939 and 1944 our national output:

Your Answer: rose by 50%.
nearly doubled.
rose by 150%.
nearly tripled.

Comments:

4. Question: The early 1930s was a period of:

Your Answer: inflation and deflation.
neither inflation nor deflation.
inflation.
deflation.

Comments:

5. Question: The name of Andrew Carnegie is most closely associated with the __________ industry.

Your Answer: steel
rubber
meatpacking
chemical

Comments:

6. Question: The transcontinental railroads were completed in the 25 years:

Your Answer: before the Civil War.
after the Civil War.
after 1890.
after the 20th century began.

Comments:

7. Question: The term "the affluent society" was coined by:

Your Answer: Michael Harrington.
John Kenneth Galbraith.
Karl Marx.
XXXXX XXXXX.

Comments:

8. Question: In order to raise our rate of economic growth we would need to:

Your Answer: increase the level of labor or capital.
reduce the level of labor.
spend more on military goods.
spend more on consumer goods.

Comments:

9. Question: Human wants are:

Your Answer: relatively limited.
relatively unlimited.
easily satisfied.
about equal to our productive capacity.

Comments:

10. Question: Whom of the following is NOT an entrepreneur?

Your Answer: Henry Ford (Ford Motor Company)
Tim Berners-Lee (creator of the World Wide Web)
John David Rockefeller (Standard Oil)
Bill Gates (Microsoft)

Comments:

11. Question: Which of the following is an example of capital?

Your Answer: Money in a Swiss bank account
A bulldozer
A CD by Metallica
A Dracula costume for Halloween

Comments:

12. Question: Tommy spends most of his monthly budget on $3 video game rentals or $6 packets of Pokemon cards. The opportunity cost to Tommy of an extra packet of Pokemon cards is:

Your Answer: one video game rental.
two video game rentals.
the cost of the Pokemon cards.
He does not incur an opportunity cost.

Comments:

13. Question: The invisible hand is:

Your Answer: perfect competition.
the profit motive.
government direction.
the mixed economy.

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14. Question: Hitler's Germany was an example of a __________ economic system.

Your Answer: capitalist
fascist
communist
socialist

Comments:

15. Question: Karl Marx said that:

Your Answer: whoever controls a society's capital controls that society.
in the long run capitalism would survive.
the U.S.S.R.'s communist system was "state capitalism."
capitalists and workers generally have the same economic interests.

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16. Question: Private ownership of most of the means of production is common to:

Your Answer: capitalism and communism.
capitalism and fascism.
capitalism and socialism.
fascism and communism.

Comments:

17. Question: Sweden and Norway would best be described as __________ countries.

Your Answer: capitalist
fascist
communist
socialist

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18. Question: Characteristics of the "invisible hand" concept include all of the following, EXCEPT:

Your Answer: simple markets.
individuals and firms pursue their own self-interest without any central direction or regulation.
a complete lack of government involvement in the economy.
All of the choices are characteristics of the "invisible-hand."

Comments:

19. Question: "The theory of the Communists may be summed up in a single sentence: Abolition of private property." is from:

Your Answer: The Communist Manifesto.
The Capitalist Manifesto.
The Socialist Manifesto.
The Fascist Manifesto.

Comments:

20. Question: The nation closest to a centrally planned, socialist economy is:

Your Answer: China.
Japan.
France.
Germany.

Comments:
Submitted: 5 years ago.
Category: Homework
Expert:  Chris M. replied 5 years ago.
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