Chapter 14: Forging the National
Economy ID's questions and answer
Caste - correct answer-An exclusive or rigid social distinction based on birth, wealth,
occupation, and so forth
Nativist - correct answer-One who advocates policies favouring native-born citizens and
displays hostility or prejudice toward immigrants
Factory - correct answer-A large establishment for the manufacturing of goods, including
buildings and substantial machinery
Trademark - correct answer-A distinguishing symbol or word used by manufacturer on its
goods, usually registered by law to protect against imitators
Patent - correct answer-The legal certification of an original invention, product, or process,
guaranteeing its holder sole rights to progits from its use or reproduction for a specified
period of time
Liability - correct answer-Legal responsibility for loss or damage
Incorporation - correct answer-The organization of individuals into an institutional entity with
legally defined privileges and responsibilities
Labor Union - correct answer-An organization of workers-usually wage-earning workers-to
promote the interests and welfare of its members, often by collective bargaining with
employers
Strike - correct answer-An organized work stoppage by employees in order to obtain better
wages, working conditions, and so on
Capitalist - correct answer-An individual or group who uses its accumulated funds or private
property to produce goods or services for profit in a market
Turnpike - correct answer-A toll road
Posterity - correct answer-Later descendants or subsequent generations
Productivity - correct answer-In economics, the relative efficiency in the production of goods
and services, measured in terms of the quantity of services produced by workers in a certain
length of time
Barter - correct answer-The direct exchange of goods or services for one another, without
the use of cash or any other medium of exchange
Economy ID's questions and answer
Caste - correct answer-An exclusive or rigid social distinction based on birth, wealth,
occupation, and so forth
Nativist - correct answer-One who advocates policies favouring native-born citizens and
displays hostility or prejudice toward immigrants
Factory - correct answer-A large establishment for the manufacturing of goods, including
buildings and substantial machinery
Trademark - correct answer-A distinguishing symbol or word used by manufacturer on its
goods, usually registered by law to protect against imitators
Patent - correct answer-The legal certification of an original invention, product, or process,
guaranteeing its holder sole rights to progits from its use or reproduction for a specified
period of time
Liability - correct answer-Legal responsibility for loss or damage
Incorporation - correct answer-The organization of individuals into an institutional entity with
legally defined privileges and responsibilities
Labor Union - correct answer-An organization of workers-usually wage-earning workers-to
promote the interests and welfare of its members, often by collective bargaining with
employers
Strike - correct answer-An organized work stoppage by employees in order to obtain better
wages, working conditions, and so on
Capitalist - correct answer-An individual or group who uses its accumulated funds or private
property to produce goods or services for profit in a market
Turnpike - correct answer-A toll road
Posterity - correct answer-Later descendants or subsequent generations
Productivity - correct answer-In economics, the relative efficiency in the production of goods
and services, measured in terms of the quantity of services produced by workers in a certain
length of time
Barter - correct answer-The direct exchange of goods or services for one another, without
the use of cash or any other medium of exchange
