Question

topic 3 - industrialization, immigration and urbanization
11.what is one economic consequence of limited government in laissez - faire capitalism?
a. consumer choice dictates owner decisions
b. businesses grow until one monopoly has total control of an industry.
c. governments intervene to help consumers.
d. government aid businesses from failing.
12.what two methods did trusts and monopolies use to take control of entire industries?
a. mergers & acquisitions
b. fair goodwill offers of sale
c. exploitative actions to ruin competition
d. government backed mergers
e. games of luck and chance
13 what led to congressing passing the sherman anti - trust act?
a. big business sought government opinion on how to run their businesses.
b. congress had grown tired of low bribes from certain monopolies.
c. the american public pushed congress to regulate unfair practices done by monopolies
d. foreign countries were pressuring america to control their big businesses.

Explanation:

1. In laissez - faire capitalism, with limited government, businesses can grow until monopolies emerge. This is a key economic consequence.
2. Trusts and monopolies often used mergers and acquisitions as well as exploitative actions to eliminate competition and gain control of industries.
3. The public's push to regulate unfair monopolistic practices led to the passing of the Sherman Anti - trust Act.

Answer:

1. b. Businesses grow until one monopoly has total control of an industry.
2. a. Mergers & Acquisitions, c. Exploitative actions to ruin competition
3. c. The American public pushed Congress to regulate unfair practices done by monopolies