1. Chapter 15 Pre- Test

2. 1. A major change during the Commercial Revolution was development of standard A) Systems of money B) Trade routes C) Measurement gauges D) Religious practices

3. 2. What term is used for tax on imported goods? A) Subsidy B) Embargo C) Tariff D) Custom

4. 3. A favorable balance of trade is achieved by A) Using standard weights and measures for imports & exports B) Using a standard system of money C) Having exports with greater value than imports D) Mining silver & gold

5. 4. What economic theory states that the world contains a fixed amount of wealth? A) Capitalism B) Mercantilism C) Commercialism D) Socialism

6. 5. Why did European countries want to set up colonies? A) To get raw materials B) Using a standard system of money C) To have a place to sell manufactured goods D) All of the above

7. 6. What term is used for a government grant money to a business or industry? A) Subsidy B) Embargo C) Tariff D) Custom

8. 7. The signing of the Treaty of Westphalia in 1648 ended the A) War of the Spanish Succession B) Thirty Year’s War C) First Partition of Poland D) Commercial Revolution

9. 8. During the 1500, the most powerful country in Europe was A) Spain B) France C) England D) The Netherlands

10. 9. Why is the period from 1400 to 1750 called the Commercial Revolution? A) Traders began using commercial advertising to make people want their products B) European peasants revolted and demanded work in city factories C) The European economy underwent massive changes D) Ships traveled the globe to bring exotic goods to Europe

11. 10. The capital of Russia was moved from Moscow to St. Petersburg, a new city built by A) Michael Romanov B) Catherine the Great C) Peter the Great D) Frederick the Great