HONORS/ADVANCED Exam Questions
and Answers Graded A+
One of the female founders of the settlement house known as the Hull House -
Correct answer-Jane Addams
An ideal or perfect place is referred to as a _____ - Correct answer-Utopia
The belief that businesses and factors of production should be owned by a society
as a whole is called ______________________ - Correct answer-Socialism
The pamphlet written by Karl Marx and Friedrich Engels that outlined their ideas
on communism - Correct answer-Communist Manifesto
Right of ownership in a company - Correct answer-Stock
Passed by Parliament in 1847 to limit the workday for women and children to no
more than 10 hours - Correct answer-Ten Hours Act of 1847
A business owned by stockholders who share in its profits, but are not responsible
for its debts is a _________ - Correct answer-Corporation
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, An organized group of workers that bargains with business owners for better pay
and working conditions is a _________ - Correct answer-Union
A board that controls several companies in one industry to eliminate competition. -
Correct answer-Trust
When workers engage in an organized refusal to work, it is called a --------- -
Correct answer-Strike
Known as the father of communism with Friedrich Engels co-authored The
Communist Manifesto which outlined their ideas on communism - Correct answer-
Karl Marx
A philosopher who focused on utilitarianism and the importance of individual
liberties providing the most happiness for the most people - Correct answer-John
Stuart Mill
The belief that an idea is only good if it provides a maximum amount of happiness
for the largest number of people - Correct answer-Utilitarianism
Book written by Adam Smith that defended free-market economies was titled -
Correct answer-Wealth of Nations
A single company that controls an entire industry and eliminates all its competition
has a __________________ - Correct answer-Monopoly
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