AP Euro Unit I Topics 1.9 - 1.12

Question 1

The concept of mercantilism includes all of the following EXCEPT:

Accepted Answer

The state should stay out of economic issues

Question 2

Double entry booking demonstrated that Europe had shifted to a _____________ based economy.

Accepted Answer

Monetary

Question 3

The Columbian Exchange had all of the following impacts EXCEPT:

Accepted Answer

More wealth was created for the indigenous.

Question 4

The price revolution led to the accumulation of ______________, a word often used for money.

Accepted Answer

Capital

Question 5

Due to an increase in population following the first wave of colonization, demand outweighed supply leading to:

Accepted Answer

Inflation

Question 6

Europeans expanded the African slave trade in response to all the following EXCEPT:

Accepted Answer

They needed for slave labor in Asia

Question 7

What was the impact of this economic shift?

Accepted Answer

Italy and the Ottomans suffered economically, Northwestern Europe & England would dominate Europe economically.

Question 8

This patron of exploration helped Portugal get an early start on other European states:

Accepted Answer

Prince Henry the Navigator

Question 9

What is inflation?

Accepted Answer

A rise in prices

Question 10

The Commercialization of Agriculture is associated with all of the following EXCEPT:

Accepted Answer

The peak of the guild movement

Question 11

The exchange of goods from colonies shifted economic trade away from this traditional European region:

Accepted Answer

The Mediterranean Sea

Question 12

The Spanish established colonies in all of the following regions EXCEPT:

Accepted Answer

Africa

Question 13

What do we refer to these companies as?

Accepted Answer

Joint stock

Question 14

These two new companies demonstrated the shift of new financial opportunities for the elite:

Accepted Answer

The British East India Company, The Dutch East India Company

Question 15

Which economic theory dominated Europe following the introduction of the Age of Exploration:

Accepted Answer

Mercantilism

Question 16

How did mercantilism impact governments / dynasties?

Accepted Answer

The state played an active role in commercial activity

Question 17

Which European state kicked off the Age of Exploration?

Accepted Answer

Portugal

Question 18

All of the following would benefit from inflation EXCEPT:

Accepted Answer

A peasant wage worker

Question 19

The exchange of goods from colonies shifted economic trade toward this non-traditional European trade region:

Accepted Answer

The Atlantic States

Questions 19