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Economic Questions
Test Description: Questions that have the Economic Standards on the Regents
Instructions: Answer all questions to get your test result.
1) What was one result of the Commercial Revolution in Europe?
A
expansion of the manor system
B
development of financial institutions
C
decrease in the size of the middle class
D
wider use of the barter system
2) Which factor contributed to Mali becoming a wealthy kingdom?
A
dominance of the gold and salt trade
B
enforcement of mercantilist policies
C
control of Mediterranean trade routes
D
alliances with the Hanseatic League
3) In the late 1400s and early 1500s, what was a major reason for the European voyages of exploration?
A
introduction of Enlightenment ideas
B
need for alternate trade routes
C
rapid industrialization
D
desire to control Constantinople
4) During the Industrial Revolution, which development resulted from the other three?
A
Factory conditions affected people’s health.
B
Machinery replaced workers.
C
Unskilled laborers received low wages.
D
Labor unions were formed.
5) Which phrase best illustrates the theory of laissez-faire capitalism?
A
the state establishing production quotas
B
central planning committees setting prices on goods
C
decisions related to distribution being based on community traditions
D
businesses operating with little government regulation
6) In the early 1930s, millions of Ukrainians died as a result of
A
glasnost
B
a forced famine
C
trench warfare
D
the intifada
7) Which social scientist is most concerned with analyzing the relationship between the supply of and the demand for goods and services?
A
a political scientist
B
a sociologist
C
an economist
D
an anthropologist
8) Europeans considered mercantilism a successful policy because it
A
protected traditional social practices
B
led to alliances with Asian countries
C
encouraged self-sufficiency in less developed nations
D
created wealth for the colonial powers
9) A key idea in the Communist Manifesto by Karl Marx and Friedrich Engels is that workers should support the
A
legislative regulation of wages and working conditions
B
overthrow of the capitalist system
C
technological changes in production methods
D
establishment of labor unions
10) Which change is associated with Meiji Japan?
A
modernization of the economy and government
B
adoption of isolationist policies
C
abandoning plans for an overseas empire
D
expansion of feudal political and social values
11) The British reliance on India as a market for its manufactured goods caused Mohandas Gandhi to
A
refuse to buy British textiles
B
run for a seat in the British Parliament
C
lead the Sepoy Rebellion
D
support traditional caste divisions
12) The Organization of Petroleum Exporting Countries (OPEC) was formed with the intent of
A
stabilizing the supply of oil to Japan
B
controlling the supply of oil to raise prices
C
cutting off the supply of oil to the United States and its allies
D
increasing the supply of oil available for use within Middle Eastern countries
13) Which empires gained wealth by controlling the trade of gold, ivory, and salt across the Sahara Desert?
A
Mauryan and Mughal
B
Mali and Songhai
C
Maya and Aztec
D
Greek and Roman
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