Question 1
Which of the following was a major determinant of the early industrial regions of Europe?
◦ availability of coal
◦ a large labor force
◦ access to banking and finance
◦ mild climate
◦ isolation from war-torn regions of the continent
Question 2
Which of the following was a prime factor for the economic collapse in Eastern Europe immediately following the end of the Cold War?
◦ the removal of Soviet troops translated into a major loss of revenue from soldiers spending their paychecks in the local economy
◦ the markets of Western Europe stopped buying products from Eastern European nations
◦ the nations of Eastern Europe were forced to pay back massive loans which they had taken out from Germany, France and England
◦ the devastation of bombing from the Cold War between 1945-1989 had reduced Eastern Europe into ruins
◦ the loss of subsidized natural gas and oil from the Soviet Union coupled with the collapse of Soviet markets made it impossible for Eastern European industries to operate and compete
How to factor by grouping
Growth Accounting for Europe, A.D. 500–1700
economic question
economic question
economic question
economic question