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Econ Pre-Test 1e
| Question | Answer |
|---|---|
| Florida produces the most oranges in the | US |
| Brazil produces more _________ than the US | Oranges |
| What is FCOJ? | Frozen Concentrated Orange Juice |
| What happens when the world price is higher that the autarky price? | then there is gains from trade |
| Free Trade always has more winnings than | loses |
| Loyalty can cause countries to buy what? (autarky) | domestic (made in the same country) produced products |
| Pre-Conditions (what came before the Industrial Revolution) | 1. The Black Plague 2. The Renaissance 3. The fall of the Roman Empire 4. Agricultural Revolution |
| Dethrone Role (1675) - During the Industrial Revolution | -interested in music -went to London to be a lawyer -learned about plowing and applying, fertilizer, irrigation -created a mechanical seed drill -Now 1 or 2 people could plant a field instead groups-greatly reduced labor -wrote books on science |
| What is Malaria? | Means bad air |
| Who were Lewis Paul and John Wyatt? | made the cotton spinning machine |
| What are the stages of cotton production | 1) Grow the crop a) break the ground b) weeding “chopping cotton” c) harvesting—can take up to 2 days 2) Ginning-separating the lint from seeds -50 days 3) cleaning a) clean- pick out debris stems leaves -20 days b) Carding- paling fibers line up |
| Labor cost for cotton higher because _________shade out cotton plants and they die | weeds |
| During the Revolutionary War (1783) | Didn't end until the Treaty of Paris *Cotton was more expensive then wool, linen, and silk *Cotton was well suited for making cloth |
| Cotton originated in what country | Pakistan |
| The Renaissance (Reoccur or rebirth) 1350-1400 is also known as | the "social awakening" |
| What was the fall of the Roman Empire? | -Literacy (can't read) dropped to single digit percentages; Barbarians came through and burned libraries |
| What was the Agricultural Revolution? | -Increased agricultural output -Decreased labor in agriculture |
| Black Plague:hits Europe between 1336-1353 | -The first wave was massively devastating -Serfs- tied to the state; had no where else to go -Nobles- responsible for protecting the serfs from marauders 1/3 of the population died due to the plague in Europe -Needed to get (organized) |