Which of the following phrases does not describe an essential characteristic of a factory?   a.  produces a standardized product to be sold in a wide market   b.  relies on stocks and bonds in order to finance plants and machinery   c.  assemble workers under a definite organizational discipline   d.  carries out complex operations in one building or in adjacent buildings

All of these are true about Dutch flyboats compared to English and colonial vessels EXCEPT,     a.  they were heavier   b.  required small crews.   c.  carried fewer armaments.   d.  cheaper to build and operate.

During the Civil War, __________ fell in the North.   a.  nominal wages   b.  real wages   c.  prices   d. inflation

The Confederacy’s primary mechanism for generating revenue during the Civil War was to:   a.  Raise taxes.   b.  Increase trade and gain more money from exports.   c.  Borrow more money.   d.  Print more money.

The South’s transportation problem was primarily due to   a.  a shortage of mules and horses.   b.  a limited rail network.   c.  a shortage of inland shipping.   d.  the lack of a merchant marine.

For the U.S., the Revolutionary War (1775-1781) period could best described as having a rapid growth in:    a.  Trade   b.  Inflation.   c.  Real per capita income.    d.  Slave imports. 

Compared to the 1850s, the annual rate of growth of commodity output during the Civil War   a.  held constant from the previous decade.   b.  increased by roughly 25 percent.   c.  fell by more than 50 percent.   d.  None of the above is correct.

In the 15th century, _________ rose to prominence in trade with areas to the east of Europe, while ________ dominated trade with the West.   a.  Venice; England   b.  Italy; the Dutch   c.  Portugal; Spain   d.  France; Holland

What was the most immediate impact of introducing the horse to the plains Indians?    a.  A decrease in the amount of agricultural work the Indians did.   b.  A large increase in the size of hunting groups.    c.  More intensive and more efficient use of animal carcasses.    d.  More time was spent in fixed locations.

The writings of the 18th century economist _____________ greatly influenced Constitutional provisions regarding private property rights.   a.  John Maynard Keynes   b.  Alfred Marshall   c.  Adam Smith   d.  John Hicks