Question: 1 . Newcomen's atmospheric steam engine was put into operation in the early 1700s and it soon found a variety of applications in many different

1. Newcomen's atmospheric steam engine was put into operation in the early 1700s and it soon found a variety of applications in many different industries.

True

False

2. Which one of the following inventions preceded the others?

a. electric power for lighting and electric motors

b. railroads and steam-powered locomotives

c. automobiles

3. Modern textile factories did not appear before 1914 in Latin American countries because these countries were not competitive in the new machine-based technology.

True

False

4 The economic and technological advances in Europe and the United States prior to World War I tended to make most of the countries in the rest of the world poorer.

True

False

5.

In the 18th century Chinese peasants were dominated by their landlords in much the same way as the eastern European peasants were dominated by their landlords.

True

False.

6. The Chinese state in the 18th century was continually interfering in the operation of markets. For this reason Chinese markets were less efficient that European markets in the sense that prices in different cities did not follow parallel paths over time, as they would in an efficient market.

True

False

7. At its height (in the 17th century) the great Mughal Empire was capable of mobilizing perhaps a million troops, a far larger army than European states could put into the field at that time.

True

False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!