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Chapter 5-Mixed Questions

Chapter 5-Mixed Questions - Chapter 5-Mixed Questions 1...

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Chapter 5-Mixed Questions 1. “Prices and wages should be determined by the marketplace.” The author of this statement would most probably support 1. government ownership of utilities 2. minimum-wage laws 3. wage and price controls 4. laissez-faire capitalism 2. In the period from 1865 to 1900, the United States Government aided the development of the West by 1. maintaining free and unlimited coinage of silver 2. offering low-interest loans to businesses 3. granting land to railroad companies 4. providing price supports for farm products 3. In the United States, the main purpose of antitrust legislation is to 1. protect the environment 2. increase competition in business 3. encourage the growth of monopolies 4. strengthen the rights of workers 4. In the United States, organized labor made its greatest membership gains when 1. the right to unionize and bargain collectively was guaranteed by legislation 2. international competition began to threaten jobs in the United States 3. the major business groups encouraged unionization 4. the economy began to shift from manufacturing to service employment 5. Which factor most limited the growth of labor unions during the late 1800’s? 1. Most employers were very hostile toward workers’ efforts to organize. 2. Most factory workers were satisfied with their wages and working conditions. 3. The Federal Government declared that unions were illegal. 4. Workers preferred to negotiate with factory owners as individuals rather than as members of a group. 6. In the 19th century, the major national labor unions wanted to improve the position of workers mainly by 1. obtaining the legal right to organize and bargain collectively 2. using government troops to settle labor disputes with management 3. supporting government ownership of major industries 4. endorsing a third political party for workers only 7. Many reformers who opposed the laissez-faire attitude of the late 19th century argued that 1. the National Government should not interfere in the activities of big business … 2. national wealth could best be assured by the accumulation of gold 3. the idea of rugged individualism is vital to the nation’s economic growth 4. government should protect society through the regulation of business 8. The growth of big business in the late 1800s resulted in 1. a reduction in child labor 2. the elimination of the middle class 3. the widening of the economic gap between rich and poor 4. a shift in transportation investment from railroads to canals
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9. During the late 1800s, what was the main reason labor unions had difficulty achieving gains for workers? 1. Communists had taken control of the major unions 2. The government supported business efforts to limit the powers of unions 3. Most unions had been organized by big business.
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