Author Question: By 1910 the top ten industries included printing, malt liquors, tobacco cars and railroad cars. The ... (Read 45 times)

Ebrown · **on:** Jun 30, 2018

By 1910 the top ten industries included printing, malt liquors, tobacco cars and railroad cars. The introduction of these new top ten industries indicated

(a) a shift in consumer preferences toward luxury items.
(b) an increase in real incomes in the U.S., permitting people to purchase luxury items.
(c) a smaller percentage of total consumption expenditures on essential food, clothing and shelter.
(d) all of the above.

Question 2

During the antebellum period, the federal government assumed

(a) responsibility for full employment.
(b) responsibility for stable prices.
(c) responsibility for the overall economy through control of the money supply.
(d) little responsibility for most economic matters, leaving them to private individuals in businesses and households.