Economic History of Europe

Description: Economic History of Europe
Number of Questions: 15
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Tags: economic history europe history
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The Industrial Revolution began in which country?

  1. United Kingdom

  2. France

  3. Germany

  4. Russia


Correct Option: A
Explanation:

The Industrial Revolution began in the United Kingdom in the late 18th century.

Which economic system was dominant in Europe before the Industrial Revolution?

  1. Mercantilism

  2. Capitalism

  3. Socialism

  4. Communism


Correct Option: A
Explanation:

Mercantilism was the dominant economic system in Europe before the Industrial Revolution.

What was the main cause of the Great Depression in the 1930s?

  1. Stock market crash of 1929

  2. World War I

  3. World War II

  4. Russian Revolution


Correct Option: A
Explanation:

The Great Depression was caused by the stock market crash of 1929.

Which European country experienced the fastest economic growth after World War II?

  1. Germany

  2. France

  3. Italy

  4. United Kingdom


Correct Option: A
Explanation:

Germany experienced the fastest economic growth after World War II.

What was the name of the European economic community formed in 1957?

  1. European Economic Community (EEC)

  2. European Union (EU)

  3. North Atlantic Treaty Organization (NATO)

  4. World Trade Organization (WTO)


Correct Option: A
Explanation:

The European Economic Community (EEC) was formed in 1957.

Which country joined the European Union in 2004?

  1. Poland

  2. Czech Republic

  3. Hungary

  4. All of the above


Correct Option: D
Explanation:

Poland, Czech Republic, and Hungary all joined the European Union in 2004.

What is the name of the single currency used by many European countries?

  1. Euro

  2. Pound sterling

  3. Swiss franc

  4. Swedish krona


Correct Option: A
Explanation:

The euro is the single currency used by many European countries.

Which European country has the highest GDP per capita?

  1. Luxembourg

  2. Switzerland

  3. Norway

  4. Denmark


Correct Option: A
Explanation:

Luxembourg has the highest GDP per capita in Europe.

What is the name of the European Central Bank?

  1. European Central Bank (ECB)

  2. Bank of England

  3. Deutsche Bundesbank

  4. Banque de France


Correct Option: A
Explanation:

The European Central Bank (ECB) is the central bank of the eurozone.

Which European country has the lowest unemployment rate?

  1. Iceland

  2. Norway

  3. Switzerland

  4. Germany


Correct Option: A
Explanation:

Iceland has the lowest unemployment rate in Europe.

What is the name of the European Investment Bank?

  1. European Investment Bank (EIB)

  2. World Bank

  3. International Monetary Fund (IMF)

  4. Asian Development Bank (ADB)


Correct Option: A
Explanation:

The European Investment Bank (EIB) is the lending arm of the European Union.

Which European country has the highest public debt?

  1. Greece

  2. Italy

  3. Portugal

  4. Spain


Correct Option: A
Explanation:

Greece has the highest public debt in Europe.

What is the name of the European Stability Mechanism?

  1. European Stability Mechanism (ESM)

  2. International Monetary Fund (IMF)

  3. World Bank

  4. Asian Development Bank (ADB)


Correct Option: A
Explanation:

The European Stability Mechanism (ESM) is a financial assistance mechanism for eurozone countries in financial difficulty.

Which European country has the highest trade surplus?

  1. Germany

  2. Netherlands

  3. Switzerland

  4. Sweden


Correct Option: A
Explanation:

Germany has the highest trade surplus in Europe.

What is the name of the European Single Market?

  1. European Single Market (ESM)

  2. European Economic Area (EEA)

  3. European Free Trade Association (EFTA)

  4. Customs Union


Correct Option: A
Explanation:

The European Single Market (ESM) is a single market for goods, services, capital, and labor within the European Union.

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