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5 Written questions

5 Matching questions

  1. Arbitrage
  2. Price Revolution of 16th century
  3. mutazilites
  4. Quantity Theory of Money
  5. what was the primary goal of all individual europeans and groups who came to the americas after 1492:
  1. a The process of buying a good in one market at a low price and selling it in another market at a higher price
  2. b Rationalists. believed that human reason is more reliable than tradition.Originated in the 8th century in Basra (Iraq) when Wasil ibn Ata. left the teaching lessons of Hasan al-Basri after a theological dispute.
  3. c P= MV/Q A theory asserting that the quantity of money available determines the price level and that the growth rate in the quantity of money available determines the inflation rate.
  4. d inflation supply gos up, price goes down value of the coin goes down, Caused by the importation of silver and gold into the European economy
  5. e to make as much money as possible and get rich quick

5 Multiple choice questions

  1. process of social and economic change caused by removal of industry
  2. brazil in the 16th century growing sugar
  3. Famous classical mathematician, wrote a book that summarized Hindu mathematics, discovered pi, calculated the length of the solar system, and the circumference of the earth during India's Classical Era.
  4. 1492-1688
  5. a 1494 agreement between Portugal and Spain, declaring that newly discovered lands to the west of an imaginary line in the Atlantic Ocean would belong to Spain and newly discovered lands to the east of the line would belong to Portugal.

5 True/False questions

  1. arthshastraChanakya

          

  2. physiocracyThe doctrine that land and its products are the only true wealth.

          

  3. Laissez-FaireThe process of buying a good in one market at a low price and selling it in another market at a higher price

          

  4. muqaddimahRationalists. believed that human reason is more reliable than tradition.Originated in the 8th century in Basra (Iraq) when Wasil ibn Ata. left the teaching lessons of Hasan al-Basri after a theological dispute.

          

  5. what specific advantage did the europeans have over non-europeans in arriving at the americas first?locational advantage of being closest to the americas geographically