The Economic Prerequisites Argument Emphasizes

question 32

Multiple Choice

The economic prerequisites argument emphasizes

• A) economic development coming before democracy.
• B) economic openness to attract foreign investment.
• C) economic policies aimed at correcting income inequality.
• D) economic restructuring prior to removing trade barriers.

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Definitions:

English Colony

A territory under the control and governance of England or the British Empire, established from the 16th to the 19th centuries in various parts of the world.

Currency

The system of money in general use in a particular country or economic context.

Chesapeake Colonies

Refers to the British colonies in North America that were along the Chesapeake Bay, primarily Virginia and Maryland, known for their tobacco economies.

Seventeenth-Century

The period from 1601 to 1700, characterized by significant cultural, political, and scientific developments in Europe and the beginnings of European colonization in the Americas.