Mr. Loya - PPT 1.1 - Early Economic Practices

Open Ended

Imagine you live in a society that uses bartering instead of money. What could be one advantage and one disadvantage of trading goods directly rather than using coins or currency?

Multiple Choice

Which of the following best explains the significance of studying early economic practices in understanding modern economies?

• It helps us understand how societies survived without technology.

• It provides insight into the origins of trade, money, and economic systems.

• It shows that ancient societies were less advanced than modern ones.

• It only focuses on agricultural practices.

• It helps us predict future economic trends.

Multiple Choice

Which of the following were limitations faced by peasants under feudal systems?

• Lack of land ownership

• Freedom to move and change social status

• Ability to keep all their production

• Access to education

Multiple Choice

In the medieval feudal hierarchy, which group provided military service to the lords?

• Knights

• Peasants

• Kings

• Merchants

Open Ended

Reflecting on early economic practices, what is one question you still have about how pre-modern societies managed trade and resources?