MCQ Questions
Q.1.
Which company was a monopoly during the Gilded Age?
  • 0%
    Monopolies can lower and raise their prices at will.
  • 0%
    Carnegie Steel
  • 0%
    refining oil
  • 0%
    the steel business
Q.2.
Which business practice did Rockefeller repeatedly use that helped him succeed in building his oil monopoly?
  • 0%
    In all his businesses, Rockefeller made a profit and used it to expand or buy other businesses.
  • 0%
    He bought up oil refineries, cut costs, and reinvested his profits in other refineries.
  • 0%
    the steel business
  • 0%
    combining his companies into one company, and controlling all aspects of steel production
Q.3.
What business practice contributed most to Andrew Carnegie's ability to form a monopoly?
  • 0%
    refining oil
  • 0%
    combining his companies into one company, and controlling all aspects of steel production
  • 0%
    It barely regulated businesses at all.
  • 0%
    They saw the price of goods rise as their wages decreased.
Q.4.
In which business did Andrew Carnegie create a monopoly?
  • 0%
    Carnegie Steel
  • 0%
    refining oil
  • 0%
    It barely regulated businesses at all.
  • 0%
    the steel business
Q.5.
How was Rockefeller able to build his monopoly across the oil industry?
  • 0%
    In all his businesses, Rockefeller made a profit and used it to expand or buy other businesses.
  • 0%
    He bought up oil refineries, cut costs, and reinvested his profits in other refineries.
  • 0%
    They saw the price of goods rise as their wages decreased.
  • 0%
    combining his companies into one company, and controlling all aspects of steel production
Q.6.
How do monopolies affect the price of goods?
  • 0%
    Carnegie Steel
  • 0%
    It barely regulated businesses at all.
  • 0%
    Monopolies can lower and raise their prices at will.
  • 0%
    They saw the price of goods rise as their wages decreased.