Quiz+-+Chapter+14+(3)

Quiz - Chapater 14 (3)
Answer Key - 14 (3) __Chapter 14 Review Quiz: Toward a World Economy__

1. What was the ‘price revolution’ of the 16th and early 17th centuries? a.) a period in which coastal imports became unavailable b.) the years in which price of nearly everything plummeted c.) a new tax created by upper class merchants on imported goods d.) a period of major economic inflation e.) none of the above

2. The flourishing European trade of the 16th century revolved around what three major areas? a.) the Mediterranean in the south, the Low Countries, the Baltic Region in the North b.) India, the Low Countries, a series of coastal ports in Spain c.) the Baltic region in the North, India, a series of coastal ports in Spain d.) South America, the Low Countries, the Baltic Region in the North e.) the Mediterranean in the south, the Low Countries, a series of coastal ports in Spain

3. Which of the following monopolized both European and world trade? a.) the Spanish b.) the French c.) the Dutch d.) the English e.) the Portuguese

4. Which of the following was not of the most profitable industries of the 16th century? a.) shipbuilding b.) agrarian work c.) mining d.) metallurgy e.) they were all enormously profitable

5. From Antwerp, the greatest commercial banking city in Europe… a.) Amsterdam b.) London c.) Paris d.) Copenhagen e.) remained in Antwerp

6. Despite the growth of commercial capitalism, many Europeans still did agrarian work. What percentage of the population did these laborers make up? a.) 5-10% b.) 20-30% c.) at least 60% d.) 45-50% e.) at least 80%

7. According to 17th century mercantilists, what did the prosperity of trade depend upon? a.) a strong, able working force b.) a united, educated population c.) a constant flow of exports d.) a constant flow of imports e.) a plentiful supply of bullion (gold and silver)

8. Which of the following was not a new product brought to Europe from the New World? a.) coffee and tea from Asia b.) West Indian and Brazilian sugar c.) pepper and spice from the Indies d.) citrus fruits from South America e.) none of these are correct