Question

1. In the essay called Innovation, the author states that the incandescent light bulb was originally invented by Thomas Edison.

Select one:

a. True

b. False

2. In 1914, Henry Ford doubled the wage paid to workers to $5.00 per day. Why did he do this?

Select one:

a. To reduce employee turnover and absenteeism.

b. The government forced him to pay better wages.

c. Workers threatened to strike if they were not paid at least $5.00 per day.

d. Out of charity - he wanted to “give back” to the workers who made him wealthy.

3.

According to the authors, price controls on water, designed to ensure that lower income people can afford water, have resulted in

Select one:

a. a reduced supply of usable water

b. a reduction in the total amount of water on the planet

c. an increase in the total amount of water on the planet

d. more water for the poor and less water for multinational corporations

Answer 1