Command Economies in the Middle Ages

What did craft guilds receive from the city government?

• Foreign investments

• Licenses and opportunities

• Agricultural land

• Military protection

What was the role of the city government in the economy?

• To promote free trade

• To establish craft guilds

• To manage international relations

• To control agricultural output

What was a consequence of guilds working in tandem across cities?

• They lost control over trade routes

• They controlled entire trade routes

• They stopped funding private armies

• They avoided negotiating with kings

During which century did innovation and production levels remain flat due to guilds?

• 10th century

• 12th century

• 15th century

• 18th century

What type of cities were guilds particularly dominant in?

• Mountain cities

• Port cities

• Desert cities

• Rural cities

What did monarchs focus on under mercantilism?

• Expanding trade routes

• Driving all sources of income to their own kingdom

• Building alliances with other states

• Reducing taxes

What was established on foreign goods to make them less affordable?

• Subsidies

• Tariffs

• Quotas

• Discounts

What was relatively little until the emergence of modern economic theory?

• Economic growth

• Political stability

• Cultural exchange

• Technological innovation

What did mercantilism focus on meeting?

• The needs of the king and their growing states

• The needs of the common people

• The needs of foreign allies

• The needs of the clergy

What did mercantilism cause in terms of production and consumption?

• High production and high consumption

• Low production and low consumption

• Balanced production and consumption

• High production and low consumption