Trade and Numbering Systems Quiz

What trade difficulties might have arisen when a buyer and seller used different numbering systems?

• Easier trading and increased trust

• Agreeing on a price, payment, exchange rates, and fair value

• Simplifying arithmetic with zero

• Increased global trade

Why do you think the Indo-Arabic number system came to be so widely used?

• It was difficult to learn and reproduce

• It was logical and easy to reproduce

• It was only used in India

• It did not include the concept of zero

How might the development of a uniform international numbering system affect merchants?

• It would complicate trade

• It would decrease trust

• It would lead to easier trading and increased trust

• It would have no effect on exports and imports

How might the use of a single number system contribute to globalization?

• It would isolate countries

• It would decrease global trade

• It would promote easier and increased global trade

• It would have no impact on globalization

What is the first round of globalization characterized by?

• The rise of international trade markets

• Goods and ideas exchanged along ancient trade routes

• The introduction of gunpowder

• The development of new technologies in the 1400s

Which of the following technologies became more common during the second round of globalization?

• Steam engines

• Airplanes

• Compasses

• Internet

What era did the second round of globalization eventually lead to?

• The Industrial Revolution

• The Renaissance

• The era of Imperialism and colony building

• The Digital Age

When did the third round of globalization begin?

• During the Renaissance

• In the late 1400s

• In the post-WWII era

• During the Industrial Revolution

What technological advances during the Age of Discovery made possible?

• New trade and exploration

• Agricultural development

• Space exploration

• Medical advancements

What was a significant cultural impact of colonization?

• Spread of Buddhism

• Eurocentrism and spread of Christianity

• Rise of democracy

• Decline of trade