What Was the Principle Currency of Trade in the Mid-Sixteenth

question 82

Multiple Choice

What was the principle currency of trade in the mid-sixteenth century when mercantilism came into favor in England?

• A) the pound
• B) gold and silver
• C) the U.S. dollar
• D) salt and spices
• E) human labor

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Definitions:

Pastry Chefs

Specialists in the preparation and decoration of pastries, desserts, and various baked goods.

Healthy Living

A lifestyle that includes balanced nutrition, regular physical activity, and avoidance of unhealthy behaviors such as smoking.

Sales Tax

A tax imposed by the government on the sale of goods and services.

Labor Market

The labor market is the marketplace where employers find workers and workers find jobs, dictated by supply and demand for labor.