Economics of Ancient China

What was the basis of China's economy in ancient times?

• Trade

• Agriculture

• Mining

• Fishing

Which of the following crops were majorly grown in ancient China?

• Corn, barley, and oats

• Rice, millet, and wheat

• Potatoes, tomatoes, and beans

• Apples, oranges, and bananas

During which dynasty were bronze weapons and ceremonial containers heavily produced?

• Zhou Dynasty

• Han Dynasty

• Shang Dynasty

• Qin Dynasty

What metal did the Chinese begin using during the Zhou Dynasty for making tools?

• Gold

• Silver

• Copper

• Iron

What did the Qin Dynasty introduce to replace different currencies and units of measurement?

• A single coin called the banliang and a universal system of weights and measures

• A new language and calendar

• A new type of government and laws

• A new system of roads and bridges

What is a monopoly?

• A) A system where multiple groups control a product

• B) A situation where a single person or group controls the supply and production of a good or service

• C) A market with no competition

• D) A government-controlled economy

How did the Han Dynasty control crop prices?

• A) By increasing taxes on grain

• B) By buying surplus grain and selling it at a reasonable cost

• C) By exporting all surplus grain

• D) By allowing merchants to set prices

What did China do to maintain a monopoly on silk?

• A) Made it illegal to import silk

• B) Kept the production process secret and made it illegal to export silkworms or their eggs

• C) Allowed free trade of silk

• D) Increased taxes on silk production

Why did Wu of Han send Zhang Qian to Central Asia?

• To find new trade routes

• To create a military alliance against the Xiongnu

• To explore new lands

• To learn new languages

What did Zhang Qian report to Wu of Han after his journey?

• The discovery of new spices

• The existence of "heavenly horses"

• The location of hidden treasures

• The presence of friendly tribes