Changes in the Distribution of Wealth Contributed to the Growth

question 86

Multiple Choice

Changes in the distribution of wealth contributed to the growth of capitalism because

• A)the accumulation of wealth in the hands of the wealthy invited investment.
• B)the widening gap between rich and poor lowered the price of labor.
• C)as merchants acquired wealth, they were able to outmaneuver and eventually marginalize the guilds.
• D)accumulation of wealth invited further accumulation of wealth.
• E)All of these

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Definitions:

Labor Market

A marketplace where employers find workers and workers find jobs, characterized by the supply and demand for labor.

Price

The price one must pay to obtain a specific good or service.

Total Production

The aggregate quantity of goods or services produced by an economy, firm, or industry over a particular period of time.

Bricklayers

Skilled tradespeople who lay bricks, blocks, and other types of building components to construct or repair walls, foundations, and other structures.