contemp 3

What is an example of a sustained economic growth throughout history?

• Right to find one’s happiness

• Birth of capitalism

• Long-distance trading between Venice and the Netherlands

• Wool industry in Flanders

Answer explanation

The correct choice is the Wool industry in Flanders, which experienced sustained economic growth throughout history.

Which century saw the flourishing of long-distance trading between Venice and the Netherlands?

• 14th century

• 15th century

• 11th century

• 13th century

Answer explanation

The correct century for the flourishing of long-distance trading between Venice and the Netherlands was the 11th century.

Which of the following is a characteristic of capitalism?

• Right to free healthcare

• Right to free education

• Freedom of contract

• Right to free housing

Answer explanation

The correct characteristic of capitalism is freedom of contract, allowing individuals to freely enter into agreements and contracts without interference from the government.

What does free enterprise in capitalism mean?

• Dependent on government

• Dependent on individuals

• Dependent on corporations

• Dependent on NGOs

Answer explanation

Free enterprise in capitalism means it is dependent on individuals who have the freedom to own and operate their businesses without government interference.

What is the right of private property ownership in capitalism?

• Right to own government property

• Right to own public property

• Right to own communal property

• Right to own personal property

Answer explanation

In capitalism, the right of private property ownership refers to the right to own personal property, not government, public, or communal property.