Chapter 14- National Economy

Question 1

Nativists

Answer 1

One who advocates favoring native born over immigrants

Question 2

Factory

Answer 2

Establishment for the manufacturing goods

Question 3

Trademark

Answer 3

A distinguishing symbol or word used by a manufacturer on its goods

Question 4

Capitalists

Answer 4

Individual or group who uses funds or private property to produce goods for profit

Question 5

Patents

Answer 5

Legal certification of an original invention

Question 6

Liability

Answer 6

Legal responsibility for loss or damage

Question 7

Incorporation

Answer 7

Formations of individuals into an organized entity with legally defined privileges

Question 8

Labor Union

Answer 8

Organization of workers to promote interests and welfare of its members

Question 9

Strike

Answer 9

Organized work stoppage in order to obtain better wages

Question 10

Reaper

Answer 10

Mechanized the harvest of grains

Question 11

Turnpike

Answer 11

Public road

Question 12

Productivity

Answer 12

Capacity to produce goods and services

Question 13

Barter

Answer 13

Direct exchange of goods and services without the use of cash.

Question 14

Caste

Answer 14

An exclusive or rigid social distinction based on birth, wealth, or occupation