chapter 7 section 2 true false Flashcards
1
Q
mercantilism stated that a country’s government should do all it could to increase the country’s wealth
A
true
2
Q
historians call the period between the late 1400;’s and the 1700’s the commercial revolution because European greatly changed their basic business practices
A
true
3
Q
countries could achieve a favorable balance of trade by placing tariffs, or import taxes, on goods entering their country
A
true
4
Q
new types of business organizations helped exploration; for example, a join-stock company allowed many investors to become co-owners in a single business venture
A
true.