Inventions Like Gunpowder and the Wheelbarrow Were Created by the Chinese

question 104

Multiple Choice

Inventions like gunpowder and the wheelbarrow were created by the Chinese hundreds of years ago.The fact that such items were not put to productive use was caused primarily by a lack of ____.

• A)financial capital 
• B)entrepreneurship 
• C)an adequate price system 
• D)marginal analysis

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Definitions:

Automobile

A road vehicle, typically with four wheels, powered by an internal combustion engine or electric motor and used for transportation.

Loan

A sum of money or other resources that is lent to an individual, organization, or entity, typically requiring repayment with interest.

Hire-Purchase Agreement

A contract where one pays for a product in regular installments while having the ability to use it, with ownership transferring after the final payment.

Chattel Mortgage

A mortgage in which the title to a chattel owned by the debtor is transferred to the creditor as security for the payment of a debt.