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1Before the 1860s, most firms in the USA were organized as which of the following? A. Corporations B. Joint stock companies C. Sole proprietorships &

1Before the 1860s, most firms in the USA were organized as which of the following? A. Corporations B. Joint stock companies C. Sole proprietorships & partnerships D. Anarcho-syndicalist communes 2. All else equal, more capital investment ___ the wages of workers. A. leaves unchanged B. raises C. lowers 3. To be successful, cartels must "solve" which of the following problems? Select all that apply. A. Defection/cheating B. Entry 4. Breaking up monopolies always results in higher total surplus." True False 5. Early industrial technologies in the United States tended to be ___ intensive. Elsewhere, early industrial technologies tended to be ___ intensive. A. Male; male B. male; female C. female; male D. female; female

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