The Power of the Venetian Traders Was Based on Trade

question 50

Multiple Choice

The power of the Venetian traders was based on trade network connections with which of the following?

• A) Constantinople
• B) Genoa
• C) Damascus
• D) Cairo
• E) all of the above

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Definitions:

Labor Demand

Refers to the quantity of workers that employers are willing to hire at a given wage rate.

Rapidly Declining

This term describes a situation where values, prices, or quantities are decreasing quickly over a period of time.

Occupations

Various forms of employment or professions where individuals engage in specific activities to earn a living, often requiring specialized training or skills.

Price Elastic

An indicator of the responsiveness of the demand for a product to fluctuations in its price.