Economics 1740 final SLCC UPDATED
ACTUAL Questions and CORRECT
Answers
The McCallum management principles advocate the use of. - CORRECT ANSWER -
Internal accounting systems and performance evaluations.
Henry Ford is most recognized for - CORRECT ANSWER - Implementing the first
progressive, moving assembly-line system for large, complex final products.
Frederick W. Taylor argued that worker efficiency would be improved by - CORRECT
ANSWER - analyzing in detail the movements required to perform a job.
Frederick Taylor - CORRECT ANSWER - All of the above
John D Rockefeller is most recognized for - CORRECT ANSWER - developing the oil
industry
Andrew Carnegie is most recognized for - CORRECT ANSWER - Being a leader in the
steel industry
By 1920, the average work week in manufacturing was about _____ hours, although it was
significantly lower for _______. - CORRECT ANSWER - 45: women
Between 1860 and 1890 both daily wages and annual earnings - CORRECT ANSWER -
stayed roughly the same
Between the 1880s and 1920, women composed roughly ___ of the workforce - CORRECT
ANSWER - 15-20%
, Samuel Gompers is most recognized for - CORRECT ANSWER - His role as an early
union leader
The Pullman strike of 1894 - CORRECT ANSWER - was led by Eugene V. Debs.
During the Civil War, inflation caused U.S prices to rise by roughly - CORRECT
ANSWER - 76 percent
Americans who supported William Jennings Bryan and the "Free Silver" movement - CORRECT
ANSWER - Wanted to increase the U.S. price level
Deflation - CORRECT ANSWER - is good for lenders, but bad for borrowers
J.P. Morgan was instrumental in the formation of - CORRECT ANSWER - U.S. Steel
Corporation
Between 1800 and 1910, the percentage of the U.S. population living in cities of 100,000
residents or larger went from _____ percent to roughly ___ percent - CORRECT
ANSWER - 0; 20
What is most accurate about the United States' trading patterns between 1850 and1900? -
CORRECT ANSWER - Manufactured and raw foodstuffs accounted for about 75% of
exports in both 1850 and 1900
To pay for WW1, The national debt was expanded from ____ percent of GDP at the beginning of
the war to ___ percent of GDP by the end of the war. - CORRECT ANSWER - 3; 32
Which nation was not an ally of the United States during World war 1 - CORRECT
ANSWER - Austria-Hungary
The U.S financed WW1 primarily by - CORRECT ANSWER - borrowing from the public
ACTUAL Questions and CORRECT
Answers
The McCallum management principles advocate the use of. - CORRECT ANSWER -
Internal accounting systems and performance evaluations.
Henry Ford is most recognized for - CORRECT ANSWER - Implementing the first
progressive, moving assembly-line system for large, complex final products.
Frederick W. Taylor argued that worker efficiency would be improved by - CORRECT
ANSWER - analyzing in detail the movements required to perform a job.
Frederick Taylor - CORRECT ANSWER - All of the above
John D Rockefeller is most recognized for - CORRECT ANSWER - developing the oil
industry
Andrew Carnegie is most recognized for - CORRECT ANSWER - Being a leader in the
steel industry
By 1920, the average work week in manufacturing was about _____ hours, although it was
significantly lower for _______. - CORRECT ANSWER - 45: women
Between 1860 and 1890 both daily wages and annual earnings - CORRECT ANSWER -
stayed roughly the same
Between the 1880s and 1920, women composed roughly ___ of the workforce - CORRECT
ANSWER - 15-20%
, Samuel Gompers is most recognized for - CORRECT ANSWER - His role as an early
union leader
The Pullman strike of 1894 - CORRECT ANSWER - was led by Eugene V. Debs.
During the Civil War, inflation caused U.S prices to rise by roughly - CORRECT
ANSWER - 76 percent
Americans who supported William Jennings Bryan and the "Free Silver" movement - CORRECT
ANSWER - Wanted to increase the U.S. price level
Deflation - CORRECT ANSWER - is good for lenders, but bad for borrowers
J.P. Morgan was instrumental in the formation of - CORRECT ANSWER - U.S. Steel
Corporation
Between 1800 and 1910, the percentage of the U.S. population living in cities of 100,000
residents or larger went from _____ percent to roughly ___ percent - CORRECT
ANSWER - 0; 20
What is most accurate about the United States' trading patterns between 1850 and1900? -
CORRECT ANSWER - Manufactured and raw foodstuffs accounted for about 75% of
exports in both 1850 and 1900
To pay for WW1, The national debt was expanded from ____ percent of GDP at the beginning of
the war to ___ percent of GDP by the end of the war. - CORRECT ANSWER - 3; 32
Which nation was not an ally of the United States during World war 1 - CORRECT
ANSWER - Austria-Hungary
The U.S financed WW1 primarily by - CORRECT ANSWER - borrowing from the public
