1. The correct answer is A. Horses could be used instead of oxen, which decreased the amount of time required to plow a field. After the invention of the horse collar, the physical restriction that the harness had on the animals was no longer an issue. With this new instrument, horses were capable of exerting full force in plowing, as this collar allowed horses to push rather than pulling its full workload. As a result, horses became faster than oxen by almost 50 percent, and along with other agricultural inventions, the use of horses spread.
2. The correct answer is D. Merchants and bankers.
During the middle ages, the trading of good grew. By the 12th century, manufacturing grew in Europe which resulted in an increase in goods being produced. The first to be benefited were merchants, since they were no longer seen as adventurers but rather employers and highly skilled. As time became more and more prosperous, merchants started to need more accurate accounts of their money. This practice allowed for more complex trading methods, and it started like a snow ball effect. As more accurate accounts were available, more trading occurred, this then gave place to bankers to come into the scene. As gold coins flourished in Europe, bankers started with the moneylenders and became rich thanks to the interest they charged, setting off the creation of Banking.
3. The correct answer is C. The importance of church worship in everyday life.
During the middle ages, the church was practically the only place people could attend to receive an education. Also, the threat of ex-communication was feared by even emperors and kings; who made them afraid of going against the church. This meant that if any King was to go against the church, this one could tell Catholics that they had no business obeying their King.
1) When the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal.
2)The corresponding price is the equilibrium price or market-clearing price, the quantity is the equilibrium quantity.
3) goods brought on by fads
4) Because supply shock is a sudden change of a good. Meaning if it is a negative shock, the equilibrium price and quantity of course will go down. And if it is a positive shock, vice versa of negative.
5) consumers are able to pay more so they can buy a product when rationing makes it unavailable
It would be bad. America needs to keep going forward, and that would provide a problem for "The American Dream".
