Deck 4: Pre-Industrial Foundations

Question 1

Why could a world economy never be feudal?

A) feudalism emphasized local agricultural production
B) feudalism was about control over land
C) feudalism was opposed to long-distance trade
D) feudalism was about local military obligations

Answer 1

A

Question 2

Which of the following was NOT an important factor in why China - more advanced technologically than Western Europe in the 15th Century - did not become the center of the modern world economy?

A) its location on the eastern side of Eurasia
B) political centralization
C) labour-intensive rice cultivation
D) lack of political autonomy of its cities and their merchants

Answer 2

A

Question 3

Why did the ideology of mercantilism encourage European empire-building?

A) it emphasized territorial control over wealth and resources
B) it benefited sea powers
C) it encouraged risk-taking by merchants
D) it was about thrift and saving

Answer 3

A

Question 4

How did the political division of Europe most encourage the emergence of the modern world economy?

A) led to competition between European states beyond European shores
B) led to government regulation
C) made trade subject to government regulation
D) harnessed geopolitical competition between states to the economic interests of merchant capitalists

Question 5

"Import substitution" was an important economic strategy in early modern Europe. This was…?

A) reducing dependence on imports
B) producing items domestically previously imported
C) increasing tariffs on imports
D) producing items previously imported by placing high tariffs on imported ones to make local production price competitive