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History of Economy Review Flashcards | StudBud
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History of Economy Review
History of Economy Review
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Review for the History of Economy Final
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
Along the Silk Road, goods were often swapped for other goods, known as..?
Trade
Surplus
Barter
Cost-benefit analysis
2
Human trafficking has occurred when ______, ________, & _________ are evident.
Force, tricks, bribery
Force, blackmail, coercion
Force, fraud, coercion
Fraud, blackmail, bribery
3
Which of the following is not an example of being geographically lucky?
Having crops that are nutrious and easy to store.
Having your land mass stretched North to South
Having availability of domesticable animals
Having your land mass stretched East to West
4
When early hunter/gatherers made decisions and weighed the positive versus the negative, this is known as a...?
Pull Factors
Cost-Benefit Analysis
Profit Motive
Push Factors
5
The Medieval Manor had to be ________________ due to the lack of trade, violence and instability.
self-sufficient
heavily defensible
geographically lucky
trade dependent
6
One of the major impacts of the industrial revolution that made more product available at lower prices was....?
high wages
urbanization
mass production
poor working conditions
7
Of all the diseases believed to destroy Native American populations, which is persumed the most destructive?
Spanish flu
bubonic plague (Black Death)
influnenza
small pox
8
Who siezed control of the Soviet Union after the death of Lenin and ruled with a paranoid, violent regime?
Leon Trotsky
Grigori Rasputin
Nikita Khrushchev
Joseph Stalin
9
When it comes to slavery & human trafficking, which law of economics always holds true?
There is always supply regradless of demand.
There is no supply without demand.
You must achieve the equilibrium price.
Dehumanization makes it easy to create supply.
10
What economic system allows the economy to run with no interference from the Gov't?
Mixed Economy
Command Economy
Market Economy
Traditional Economy
11
Positive reasons to migrate to a new place like better resources or jobs would be a..?
push factors
pull factors
profit motive
cost benefit analysis
12
What two crops came from the New World to the Old that revolutionized the food supply for man and animals alike?
corn & potatoes
corn & rice
rice & wheat
potatoes & wheat
13
Which nation was the first to industrialize?
Russia
Unites States
Great Britain
Germany
14
What economic system is controlled by the government determing what, how, and who product & services are made for?
Market Economy
Traditional Economy
Mixed Economy
Command Economy
15
In Animal Farm, what did the phrase "All Animals are Equal, but some Animals are More Equal Than Others" mean?
Animals are incapable of running a socialist state.
Equality is important in communism.
Leadership in communism becomes the new upper class.
Communist animals are delicious
16
What group was depicted in the epsiode 2 of Guns, Germs, & Steel as the lucky, conquering the Incas?
The English
The Spanish
The Aztecs
The Dutch
17
One of the major impacts of the industrial revolution is the new class system that emerged. What did it create?
serfdom/peasants
A bunch of brand new jobs in the computer tech industry.
Rich, land holding lords
An industrial middle class
18
According to economists like Adam Smith, free markets thrive on ________ as more products are made at lower prices.
supply & demand
monopolies
competition
surplus
19
To create early civilizations, it requires large _________ of _________ to create specialist.
surpluses, animals
animals, burden
surpluses, food
resources, technology
20
The Silk Road is responsible for the movement of which of the following?
Ideals like communism making an impact on the working class.
Crops like corn from the New to the Old World.
Industrial technology from Great Britain to Western Europe.
Ideas like Buddhism and diseases like bubonic plague.
21
The people of the Paleolithic Era were hunter/gatherers but the people of the Neolithic Era were...?
better hunters due to creating the AK-47.
the first farmers in history.
the first to practice animism.
the first to industrialize.
22
Karl Marx believed that the only way to acheive a socialist society was for the workers to unite and....?
start a violent revolution to create a classless system.
demand industrial business leaders do the right thing.
start a utopian society of peace, land, and bread for all
start a fight club after work, in which the first rule is..?
23
Dr. Diamond claimed that the civilizations of the world that were more advanced was due to...?
Geographic Luck
The Will of God
Ethnic superiority
Superior weaponry
24
Great Britain industrialized for all of the following reason except?
A supply of food, labor, capital, and risk taking businessmen.
An overseas empire of markets to sell product to.
Great natural resources such as coal and Iron ore.
the use of massive amounts of slave labor from Africa.
25
The Feudal-Manorial system of the Middle Ages made sure that all serfs/peasants had...?
food, shelter, protection
peace, land, bread
peace, land, protection
food, shelter, peace
