What the concept of predatory pricing is defined

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Reference no: EM13744517

Instructions: Choose the letter of the best answer. When you are finished, select "Submit."

1. The Burlingame Treaty was signed between the United States and

A. France.

B. Canada.

C. China.

D. Great Britain.

2. By 1890, twenty-one states had passed what kind of laws to prevent monopolies?

A. antitrust

B. yellow-dog

C. white-collar

D. Greenback

3. All of the following were characteristic of the trade unions except

A. they participated in widespread political activity.

B. they maintained closed shops.

C. some emphasized mutual aid.

D. they expressed the craft's social identity.

4. Samuel Gompers became president of which of the following labor organizations?

A. American Federation of Labor

B. Knights of Labor

C. Socialists

D. IWW.

5. The Knights of Labor excluded which ethnic group of workers?

A. blacks

B. Chinese

C. Germans

D. English

6. The Knights of Labor believed that reform could best be achieved by creating

A. a cooperative commonwealth where workers owned and ran the factories.

B. a political party that was devoted to the interests of labor.

C. strong craft-based unions that were able to bargain successfully with management.

D. a tightly knit union that excluded nonwhites and women.

7. In 1892, Andrew Carnegie shut out workers from his Homestead steel factory because

A. they refused to join a union.

B. he wanted to destroy their union.

C. the factory was unproductive.

D. he wanted to run for political office.

8. Mass marketing in late nineteenth-century America had all of the following effects except

A. encouraging regional loyalties.

B. blurring some class distinctions.

C. reducing prices for consumers.

D. creating a demand for brand names.

9. The concept of predatory pricing is defined as

A. charging workers to join a labor union.

B. penalizing workers for joining a strike.

C. slashing prices for goods to undercut a competitor.

D. increasing prices of goods to attain higher corporate profit.

10. The Bessemer process was adopted by which of the following industrialists?

A. Gustavus Swift

B. John D. Rockefeller

C. John Wannamaker

D. Andrew Carnegie

11. After 1892, immigrants to the United States were routed through New York's

A. subway system.

B. Statue of Liberty.

C. Ellis Island.

D. Grand Central Station.

12. In the 1890s, few women in the United States worked as

A. salespeople.

B. telephone operators.

C. packers and assemblers.

D. skilled tradespeople.

13. The loss of autonomy for individual workers in the late nineteenth and early twentieth century was the result of all of the following except

A. mechanization.

B. powerful unions..

C. scientific management.

D. increasingly efficient industrial processes.

14. Responses to Frederick W. Taylor's system of scientific management included

A. its adoption by most American companies to increase efficiency.

B. its opposition by workers, who felt it stripped them of mastery and skill.

C. its implementation by trade unions as an effective way of controlling the workplace.

D. increased worker solidarity as they reveled in higher wages.

15. Which one of the following statements most accurately characterizes the recruitment of factory labor by American industry in the late nineteenth century?

A. Because of gains in industrial efficiency, American industry did not require significantly more workers in 1900 than it had in 1870, resulting in widespread unemployment and low wages.

B. White Americans migrating from rural areas avidly sought factory work and kept blacks out of the plants.

C. Most blacks who migrated to cities were subsequently employed in factory work.

D. Closed to blacks and unappealing to native-born whites, American industry came to rely increasingly on the labor of European immigrants in the late nineteenth century.

Reference no: EM13744517

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