unit 5 vocab

What does the term "monopoly" refer to?

• A) A board game based on economics and property trading

• B) A government policy to control imports and exports

• C) Total control of a type of industry

• D) A legal agreement between two companies to share resources

What is "urbanization"?

• A) The decrease in population of rural areas

• B) The process of a region ch to have more or larger cities or urban areas

• C) The study of cities and their economic models

• D) The migration of businesses to suburban areas

What is the purpose of a "telegraph"?

• A) To transport goods across long distances

• B) To communicate messages over long distances by sending through wires

• C) To convert electrical signals into sound

• D) To broadcast television signals

What does "capital" refer to in an economic context?

• A) The political center of a country

• B) Money or resources, use to produce goods and services

• C) The total wealth of a nation's government

• D) The interest earned on a savings account

A system in which a societies economic is based on the machines and factories

• Urbanization

• Union

• Industrialism

• Investors

A person who puts money into a business with the goal of making more money

• Monopoly

• Capital

• Investor

• Raw materials

Total control of an industry

• Monopoly

• Chess

• Capital

• Investors

A machine that communicates messages over long distances by sending signals through wires

• Industrialism

• Union

• Telephone

• Telegraph

Something that can be used to make, or create a product such as cotton for clothing

• Union

• Telegraph

• Urbanization

• Raw materials

An organization formed by workers to win and protect workers rights

• Capital

• Union

• Raw material

• Capital