- 4.1: Vocabulary Define: dynamic, enclosure movement, capital, entreprene...
- 4.2: People Identify: James Watt, Robert Fulton.
- 4.3: Describe the importance of the railroads in the growth of cities in...
- 4.4: Connecting Ideas Analyze how the Industrial Revolution changed the ...
- 4.5: Cause and Effect Use a diagram like the one below to list the cause...
- 4.6: Examine the picture of female textile workers shown on page 255 of ...
- 4.7: Informative Writing You are a nineteenth-century journalist. Write ...
- 4.8: Select one ideology: conservatism, liberalism, or nationalism. Writ...
Solutions for Chapter 4: Industrialization and Nationalism
Full solutions for World History: Modern Times | 3rd Edition
a person who is performing an act for another person, called the principal
a situation in which exports equal imports
the subfield of economics that integrates the insights of psychology
the limit on the consumption bundles that a consumer can afford
a study that compares the costs and benefits to society of providing a public good
a table that shows the relationship between the price of a good and the quantity demanded
economies of scale
the property whereby long-run average total cost falls as the quantity of output increases
risk that affects only a single company
the study of a company’s accounting statements and future prospects to determine its value
input costs that do not require an outlay of money by the firm
transfers to the poor given in the form of goods and services rather than cash
the increase in total cost that arises from an extra unit of production
the tendency of a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behavior
the study of government using the analytic methods of economics
the percentage of the population whose family income falls below an absolute level called the poverty line
goods that are both excludable and rival in consumption
the production of goods and services valued at constant prices
government policy aimed at protecting people against the risk of adverse events
a cost that has already been committed and cannot be recovered
a graph of the relationship between the price of a good and the quantity supplied