Observe the church above.  True or False…the design is directly related to the culture’s ship building skill and prowess. 

What is the historical and cultural significance of the map seen above?  

What is the name of the former church, now mosque in Istanbul? Its name means “Holy Wisdom.”

What is the name for the underground burial chambers of early Christians in Rome? 

Welfare Cliffs in the United States The concept of a “welfare cliff” occurs when a slight increase in an individual’s income leads to a disproportionate loss in benefits, making it financially disadvantageous to accept higher-paying jobs or work more hours. This can trap individuals in a cycle where accepting advancements can seem counterproductive. Question: How does the welfare cliff contribute to the poverty trap for individuals receiving government assistance? A) It can create a disincentive to earn more because the loss of benefits may outweigh the increase in income. B) It encourages individuals to work fewer hours. C) It leads to a significant increase in take-home pay. D) It simplifies the tax code to encourage higher earnings.

The American Tobacco Company’s Market Power The American Tobacco Company’s monopoly allowed it to manipulate market prices and restrict competition until its dissolution under antitrust laws in 1911. This case exemplifies how monopolies can affect economic variables like price and competition. Question: What does a monopoly like the American Tobacco Company typically cause in its market? A) Increased product variety B) Higher prices and lower competition C) Decreased operational efficiency D) Enhanced consumer rights

Trade and Economic Growth in Ancient Rome Ancient Rome’s prosperity and long-standing dominance were significantly bolstered by its expansive trade networks across Europe, Asia, and Africa. These networks facilitated the free flow of goods such as spices, silk, and precious metals, demonstrating early free market dynamics. By reducing barriers and enabling trade, Rome capitalized on the economic principles of supply and demand, which fueled growth and urban development. Question: How did Rome’s extensive trade networks support free-market principles and contribute to its economic prosperity? A) By enforcing strict trade monopolies B) By fostering competition and trade efficiency, which enhanced economic growth C) By centralizing all economic activities under state control D) By limiting the variety and quantity of goods traded

The Bell System Breakup The breakup of the Bell System in 1984 was intended to foster competition in the U.S. telecommunications market. This major antitrust action helped to spur innovation and lower prices for consumers by dismantling the company’s monopoly. Question: What was the main economic benefit of breaking up the Bell System monopoly? A) Increased monopolistic practices B) Higher barriers to market entry C) Enhanced innovation and competition D) Centralized economic planning

The Federal Application for Student Aid (FAFSA) The Federal Application for Student Aid (FAFSA) is a form that students in the United States fill out to determine their eligibility for student financial aid, including loans, grants, and work-study programs, which are crucial for accessing higher education. Question: What does completing the FAFSA allow students to access? A) Only private student loans. B) Federal and state student aid programs. C) Scholarships from non-government organizations only. D) Guaranteed student employment post-graduation.

The Columbian Exchange and Market Expansion The Columbian Exchange not only involved the transfer of goods but also led to significant economic growth and diversification in Europe and the Americas. The introduction of new crops like potatoes in Europe and sugarcane in the Americas exemplifies how free-market dynamics can drive economic expansion and innovation through increased competition and supply diversification. Question: What role did the free market play in the economic developments following the Columbian Exchange? A) It limited the variety of goods in the market. B) It discouraged agricultural innovation. C) It promoted competition and diversity in agricultural products, enhancing economic growth. D) It led to the implementation of strict trade regulations.