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End of Chapter Video Quiz
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1
The claims by people to own, use, or sell the rights to valuable resources are called:
A)risk rights
B)inalienable rights
C)property rights
D)feudal rights
E)none of the above
2
The business system in which products are traded across markets and countries until they are put to their most highly valued is called:
A)merchantism
B)feudalism
C)aristocracy
D)communism
E)mercantilism
3
The class of unskilled workers who have no capital and only possess the rights to sell their own labor are the:
A)trade unions
B)capitalists
C)craftspeople
D)proletariat
E)all of the above
4
Skilled workers or artisans who have the skills to produce higher-quality goods and services are:
A)feudal lords
B)craftspeople
C)unionists
D)capitalists
E)mercantilists
5
Levi Strauss has been criticized for trying to be all things to all people. According to their critics, what does Levi's need to do?
A)segment the market
B)outsource sales
C)introduce a variety of new products
D)sell products in feudal systems
E)adapt mercantilism to its production processes.





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