Terms : Hide Images
| 7192473653 | Value added | An economist's term for the increase in value from the cost of raw materials to the cost of finished products. It is the value added to the raw material by processing, manufacture, and marketing | 0 | |
| 7192478503 | Free market economy | An economic system in which the means of production are largely privately owned and there is little or no government control over the markets | 1 | |
| 7192479582 | Supply and demand | In economics, the relationship between the amount of a commodity that producers are able and willing to sell (supply) and the quantity that consumers can afford and wish to buy (demand) | 2 | |
| 7192484223 | Moral Economy | An economy whose goal is providing basic necessities for all members of a society before allowing any particular members to take profits; in contrast to a free market economy | 3 | |
| 7192489032 | Trade diaspora | A dispersion over far-flung territories of a group of people who have a common bond. Usually this is an ancestral bond, such as in the Jewish diaspora and the African diaspora. A trade diaspora refers to the network of international traders who relate to one another through the bonds of their trade | 4 | |
| 7192493177 | Silk route | The set of rough roads, transportation links, across central Asia carrying trade and cultural exchange as far as China, India, and the eastern Mediterranean. The routes flourished only when governments were strong from enough to protect them and keep them safe | 5 | |
| 7192497860 | Lateen salt | A triangular sail affixed to a long yard or crossbar at an angle of about 45 degrees to the mast, with the other free corners secured near the stern. The sail was capable of tacking against the wind on either side. So named when they appeared in the Mediterranean, where they were associated with Latin culture, although their origin was actually far away | 6 | |
| 7192506938 | Transhumance | A pattern of seasonal migration | 7 | |
| 7192506939 | Yurt | A portable dwelling used by the nomadic people of central Asia, consisting of a tentlike structure of a skin, felt, or handwoven textiles arranged over wooden poles, simply furnished with rugs | 8 | |
| 8568453924 | The early-fifteenth-century Incas: | engaged in a substantial amount of trade, but it was regulated by the government. | 9 | |
| 8568453925 | Which of the following were networks of interconnected commercial communities throughout Africa, Europe and Asia? | trade diasporas | 10 | |
| 8568453926 | During the height of the Roman Empire traders were usually: | Jews, Greek-speaking Egyptians, and Arabs | 11 | |
| 8568453927 | In the early days of long-distance trade, the most common type of goods was: | luxury items | 12 | |
| 8568453928 | True free market economies require all of the following, except: | benevolent government regulation. | 13 | |
| 8568453929 | Of the following regions, which had the least extensive network of trade routes by 1500? | North America | 14 | |
| 8568453930 | Before 1500 C.E., the greatest part of the exchange economy consisted of: | local transactions | 15 | |
| 8568453931 | Muslim traders: | eventually ranged as far as China | 16 | |
| 8568453932 | West African trade: | was dependent upon the camels | 17 | |
| 8568453933 | The primary focus of Malay sailors was: | to establish sea routes from East Africa to China | 18 | |
| 8568453934 | After the ninth century, Arabs provided the main trading link between East Africa and | The Indian Ocean | 19 | |
| 8568453935 | The Jewish trading community linked the Mediterranean Sea and the Indian Ocean. | True | 20 | |
| 8568453936 | Slaves were an important commodity in East Africa. | True | 21 | |
| 8568453937 | Polynesian sailors explored: | the South Pacific | 22 | |
| 8568453938 | In the 1300s, the majority of gold in circulation in the Middle East came from: | West Africa | 23 | |
| 8568453939 | During which dynasty did China overthrow the Mongols? | Ming | 24 | |
| 8568453940 | The Ming government prohibited private overseas trade by Chinese merchants. | True | 25 | |
| 8568453941 | Chinese luxury products included tea, silk and | porcelain | 26 | |
| 8568453942 | In 1500 internal Chinese trade was much more significant than its external trade. | True | 27 | |
| 8568453943 | The Chinese ships described by Ibn Battuta had all of the following features EXCEPT | a complete separation from family life | 28 | |
| 8568453944 | The Grand Canal connected the agricultural region in the west with the administrative centers in the south. | False | 29 | |
| 8568453945 | Late in the Tang dynasty, Chinese trade activity decreased in: | The South China Sea and the Indian Ocean | 30 | |
| 8568453946 | After the Mongols were overthrown, China's population: | increased | 31 | |
| 8568453947 | Which of the following statements is NOT true about Rashid al-Din? | He is renowned for his exploits in battle | 32 | |
| 8568453948 | The rule of the Mongols was relatively brief largely because: | their empire was too extensive for them to rule it effectively | 33 | |
| 8568453949 | Under the leadership of Chinggis, the Mongols developed a new legal code which called for high moral standards. | True | 34 | |
| 8568453950 | Marco Polo supposedly did all of the following, except: | travel to southern Africa | 35 | |
| 8568453951 | Which dynasty developed the waterway system for China? | Song | 36 | |
| 8568453952 | At its height, the Mongol Empire was the largest empire the world has ever known. | True | 37 | |
| 8568453953 | During years of Mongol control China experienced a population increase of 50%. | False | 38 | |
| 8568453954 | Before 1200ce (ad), the Mongols: | were divided into several warring tribes | 39 | |
| 8568453955 | Chinggis Khan: | adopted Chinese siege methods | 40 | |
| 8568453956 | Chinggis and his successors were NOT able to conquer: | Japan | 41 |
