Unit 3: American Economy

|　Ⅰ　|　Ⅱ　|　Ⅲ　|　Ⅳ　|

Exercise Ⅱ

II. Choose the correct answer to each of the following.

1.	The first factory in the United States was a cotton textile mill in Pawtucket, in the state of ___________.
	(a) New York (b) Rhode Island (c) Connecticut (d) Georgia 　　Answer:

2. The "American system" of mass production was first used in ____________ .
　　(a) car industry
　　(b) textile industry
　　(c) firearms industry
　　(d) agriculture
　　　　Answer:

3. The United States had the first standard paper currency in ___________.
　　(a) 1839
　　(b) 1880
　　(c) 1863
　　(d) 1913
　　　　Answer:

4. The United States was rated No.1 in terms of production capacity in the world ___________.
　　(a) in 1920
　　(b) in 1950
　　(c) in 1945
　　(d) in 1960
　　　　Answer:

5. Service industry does not include ___________.
　　(a) banking
　　(b) management consultation
　　(c) airline
　　(d) steel making
　　　　Answer:

6.	The United States was rated ___________ in the world in terms of land area and the size of population.
	(a) second (b) third (c) fourth (d) fifth 　　Answer:

7. The United States produces as much as half of the world's ___________.
　　(a) wheat and rice
　　(b) cotton
　　(c) tobacco and vegetable oil
　　(d) soybeans and corn
　　　　Answer:

8.	Institutional factors that contributed to the success of American business and industry include ___________.
	(a) laissez-faire (b) bountiful resources (c) vast dimensions (d) entrepreneurial spirit 　　Answer:

9. ______________________ has extolled the virtues of farmers.
　　(a) Thomas Jefferson
　　(b) Alexander Hamilton
　　(c) Adam Smith
　　(d) Eli Whitney
　　　　Answer: 　　
　　　　　
10. The latest technology that farmers have adopted is ____________ .
　　(a) artificial fertilizers
　　(b) pesticide
　　(c) tractors
　　(d) computers
　　　　Answer: