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Economics

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Dewitt Abbott

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Cards in this guide (16)
What was the purpose of the crusades

Ostensibly to recapture the Holy Land from the Mohammedans (Muslims).

What would not be a factor in determining the price of a ticket to a sporting event

the projected profits from concessions.

What happens when goods become scarce

the prices increases, and the goods become expensive.

What describes the extreme left of the economic spectrum

there is a total central planning.

What caused the economy in Western Europe to sink into a long depression

Drastic climate changes

What is studied in the field of economic history

historical perspective of economic treds

Which of these was not the effect of the payments made by conquered territories

decrease in taxes

For approximately how long after 1050 did western Europe continue to flourish

three hundred years A+

What does not describe the changes in western Europe in the second half of the eleventh century

The decline in population.

What did not have an impact on Western Europe during the early fourteenth century

The cut off contact with Japan A+

In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed

By production for use or need.

Cities along coastlines would commonly produce which item as their primary source of income

small fish for the canned food industry

Is not a way in which the European countries benefited from the colonies in the New World

The colonies provided an overland route by which to trade.

If a certain business monopolizes a particular industry, the government will attempt to stop it. This is an example of which economic function of government

Efficiency

“Which of these does not describe how the Greek government regulated the economy of Ancient Greece “

It placed taxes on the purchase of all goods

Which of the following is studied in the field of sociology

how societies continue to function

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