1. The Black death came to Europe in the

• 13th century
• 14th century
• 15th century
• 16th century

2. The Atlan8c slave trade peaked in the

• 15th century
• 16th century
• 18th century
• 19th century

3.

Antwerp became the leading European commercial and financial centre in

• 15th century
• first half of the 17th century
• first half of the 16th century
• 18th century

4. The European popula8on

• declined markedly in the 16th century
• grew in the 16th century then stagnated
• grew throughout the 17th century
• declined markedly in the 17th century

5. The Netherlands never adopted mercan8list policies

TRUE FALSE

6.

Allen's 'divergence equa8on' reveals a correla8on btw the level of development aGained by a wide set of countries in the early 19th century and their growth performance in the subsequent 200 years

TRUE FALSE

7. Acemoglu, Johnson and Robinson (2005) rule out any role for geography as a factor affec8ng long-term economic performance

TRUE FALSE

8. Guilds' control of manufacturing was confined to towns

TRUE FALSE

9. In the puVng-out system rural workers owned the means of produc8on, i.e. machinery

TRUE FALSE

10. In preindustrial Europe, which of the following was a s8mulus to higher agricultural produc8vity?

• short-term land lease contracts
• close interacJon with markets
• forced labour
• privaJzaJon of land

1. Universal banks were born in Spain

TRUE FALSE

2. Universal banks' operations included organizing equity issues for corporate customers

TRUE FALSE

3. Oligarchic political systems are likely to develop good economic institutions

TRUE FALSE

4. Malthus was right: pop growth kept people's living standards at the subsistence level

TRUE FALSE

5. Commercial banks do not make longterm loans

TRUE FALSE

6. The technologies of the first industrial were very expensive

TRUE FALSE

7. After the Glorious Revolution in England, infrastructure projects were to a great extent financed by the government

TRUE FALSE

8. Turnpike trusts were jointstock companies

TRUE FALSE

9. The Bank of England issued paper money

TRUE FALSE

10. Japan falls in the group of countries that industrialized early in the 19th century

TRUE FALSE

11. Gerschenkron's notion of 'substitutes' suggests that Britain's path to modern economic growth was not available to every country

TRUE FALSE

12. Most western European countries adopted general incorporation acts soon after the Napoleonic wars (1815)

TRUE FALSE

13. The Glorious Revolution preceded the industrial revolution

TRUE FALSE

14. The British agricultural revolution occurred in the 16th century

TRUE FALSE

15. Peak of canal constructions in England

• 16th century
• 17th century
• late 18th century
• late 19th century