Exercise 4

Did you do the homework?

• Yes

• No

Which of the following best illustrates a non-rivalrous good in consumption?

• A loaf of bread

• A seat on a crowded train

• A public fireworks display

• A cup of coffee

Robert C. Allen and Joel Mokyr have very similar ideas about the necessary similar conditions for the industrial revolution to take place

• True

• I do not know

• Somewhat True

• False

Why does Robert Allen present this comparison of energy prices in major cities around the early 1700s?

• To show that silver was more abundant in Britain than in other countries

• To support the claim that Britain’s uniquely cheap energy was a key factor enabling energy-intensive technological innovation

• To argue that high energy costs in Asia and continental Europe made industrialization more efficient there

• To demonstrate that cities with higher energy prices had more advanced economies

Why does Joel Mokyr reference Galileo in his discussion of Europe's technological development?

• To argue that Galileo's inventions directly led to the Industrial Revolution

• To exemplify the shift from reliance on ancient texts to empirical observation and experimentation in scientific inquiry

• To illustrate how Europe's state system allowed intellectuals to bypass censorship and spread new ideas

• To highlight the role of the Catholic Church in promoting scientific research during the Renaissance