Which Describes the Role That Europeans Played in the Economy

question 3

Multiple Choice

Which describes the role that Europeans played in the economy of the early modern era?

• A) They controlled the markets of the East to work to their advantage.
• B) They were essentially middlemen funneling American silver to Asia.
• C) They established and enforced a new international system of trade.
• D) They dominated the global trade in textiles,tea,and porcelain.

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Definitions:

Efficiently

Conducting an activity in such a manner that it achieves the maximum output with the minimum input or resources, without waste.

Rival

An entity competing against another for the same objective or for superiority in the same field of activity.

Excludable

A feature of a product or service enabling its owner to exclude others from usage unless payment is received.

Property Rights

The legal rights to possess, use, and dispose of assets, including property and intellectual property.