Answers2025-2026_MDCPS_2109010-MJ World History Sem 1-CRApplying Economics to World History

Applying Economics to World History — Unit test Answers

9 verified answers1 views
1
Free Preview

Error

Answer not available
2
Free Preview

Error

Answer not available
3

What is the role of the government in a command economy?

A
The government makes all economic decisions.
B
The government allows private ownership of resources.
C
The government gives individuals the power to set prices.
D
The government encourages competition to produce goods.
4

Error

Answer not available
5

How did the conquest of new lands most directly contribute to economic growth?

A
Conquests resulted in the rise of new empires.
B
Conquests led to the acquisition of new labor and capital.
C
Conquests offered excitement and adventure to soldiers.
D
Conquests sped up the development of military technologies.
6

What concepts were developed in the ancient world to make sure trade was fair?

A
scarcity and surplus
B
supply and demand
C
standard measures and weights
D
traditional and command economies
7

What was the most likely effect of scarcity on an ancient trade good, such as ivory?

A
Scarcity created a surplus of ivory.
B
Scarcity reduced the supply of ivory.
C
Scarcity increased the supply of ivory.
D
Scarcity decreased the demand for ivory.
8

Which elements are factors of production?

A
supply and demand
B
surplus and scarcity
C
land, labor, and capital
D
goods, services, and raw materials
10

Error

Answer not available

Did you find these answers helpful?

More from this Course

Quiz
10 verified answers

Applying Economics to World History

Quiz
10 verified answers

Prehistory and Early Human Migration

Quiz
10 verified answers

Geography of North Africa