Question 1
Mercantilism effectively stimulated economic development by all of the following EXCEPT
a. drawing wealth into a country through a favorable balance of trade.
b. subsidizing new industries.
c. putting the poor to work.
d. growing foreign markets.
e. chartering overseas trading companies.
Question 2
As a result of his visit to the Portuguese colony on the Gold Coast of Africa, Columbus
a. began to understand how important rice cultivation could be in solving food shortages in his native Genoa.
b. recognized the economic potential of the slave trade.
c. acquired a hatred for abusive and exploitive labor systems.
d. learned how important it was to understand and accept the belief systems of non-Europeans.