Which of the Following Statements Accurately Describes the Actions of Many

question 10

Multiple Choice

Which of the following statements accurately describes the actions of many European monarchs and ministers during the period 1600-1640?

• A) They began to accept religious differences in their territories.
• B) They sought new ways to cooperate with traditional institutions and elites to control their power.
• C) They began to decrease the amount of violence and political conflict.
• D) They began to stop investing so much of their money in warfare.
• E) They did away with archaic ideas from the 1500s known as absolutism and the nation-state.

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Definitions:

Absolute Advantage

A scenario in which a country can produce a particular good or service more effectively than another country with the same amount of resources.

Comparative Advantage

an economic principle that posits a country or entity can produce a particular good or service at a lower opportunity cost than its trading partners, leading to beneficial trade.

Medium Of Exchange

Anything that facilitates trade by being generally accepted by all parties in payment for goods or services.

Facilitates Trade

Actions or policies designed to make trade between countries or parties easier, typically through reducing barriers such as tariffs and quotas.