For Which of the Following Was Jean-Baptiste Colbert Known

question 46

Multiple Choice

For which of the following was Jean-Baptiste Colbert known?

• A) He was very haphazard and unsystematic in the way he approached his role in the government and the management of resources.
• B) He staged a coup in Great Britain that led to the restoration of the Stuart dynasty.
• C) He created laws prohibiting the manipulation of the structure of "offices" to extort money.
• D) He helped establish a system in which a state collects as much information as possible about subjects.
• E) He devoted time and resources to securing the Netherlands' status as a maritime power.

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Definitions:

Quantity Supplied

The total amount of a product or service that producers are willing and able to sell at a given price over a specified period.

Equilibrium Price

is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Quantity Supplied

Suppliers' readiness and capability to sell a certain amount of goods or services at a specified price.

Quantity Demanded

The complete quantity of a specific product or service that consumers can and are willing to buy at a certain price threshold.