1.Which of the following ideas were central to Adam Smith in Wealth of Nations? A)importance of acquiring gold from colonies B)role of markets and free competition C)criticisms of the injustices of capitalism D)conflict between proletariat and factory owner 2.What Austrian diplomat believed that Europe needed a balance of power? A)Metternich B)Ferdinand II C)Franz Joseph D)Bismark 3.All of the following were impacts of the Industrial Revolution on industrialized countries EXCEPT A)increased population B)voting rights for women C)clean air and water D)increased standard of living for many

ENGR.ECONOMIC ANALYSIS
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1.Which of the following ideas were central to Adam Smith in Wealth of Nations? A)importance of acquiring gold from colonies B)role of markets and free competition C)criticisms of the injustices of capitalism D)conflict between proletariat and factory owner 2.What Austrian diplomat believed that Europe needed a balance of power? A)Metternich B)Ferdinand II C)Franz Joseph D)Bismark 3.All of the following were impacts of the Industrial Revolution on industrialized countries EXCEPT A)increased population B)voting rights for women C)clean air and water D)increased standard of living for many 4.The economic system in which private individuals or companies own businesses is called A)communism B)capitalism C)imperialism D)socialism 5.All of the following were important consequences of the Congress of Vienna EXCEPT A)increased nationalistic tensions B)a new political map of Europe C)unsuccessful revolutions in 1848 D)a rejection of conservatism as a political philosophy 6.Which news organization did industrial workers form in the 19th century? A)the union B)the corporation C)the guild D)the penitentiary 7.Which of the following was a direct result of the Industrial Revolution? A)decreased production of goods B)rise of the factory system and demise of cottage industries C)use of human reason to solve problems in society D)smaller and fewer cities

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