How Is the Development of Capitalism in Northwest Europe Related

question 1

Multiple Choice

How is the development of capitalism in northwest Europe related to Protestantism,at least according to Max Weber?

• A) Building new Lutheran churches required congregations to invest money in banks.
• B) Protestant faiths were often spread by merchant classes who were based in Italy.
• C) Often traders in Europe would only do business with Protestants.
• D) Protestants were likely to save money, delay gratification, and see material success as God's grace.
• E) Leaders of these new branches of Christianity would supply dry (non-alcoholic) areas of Europe with liquor, circumventing official trade barriers.

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Definitions:

Businesses

Economic entities (firms) that purchase resources and provide goods and services to the economy.

Product Markets

Markets where goods and services are bought and sold, connecting buyers and sellers.

Households

Economic units consisting of all individuals living in a single residence, making decisions about consumption, savings, and investment.

Business Inputs

Goods or services that are used in the production process of other goods or services, including raw materials, components, and labour.