Sanderson and Alderson Refer to a Process of Expanding World

question 31

Multiple Choice

Sanderson and Alderson refer to a process of expanding world commercialization. This occurred during the period:

• A) between about 5000 BP and 1500 CE
• B) after 1500 CE
• C) between 3000 and 2000 BCE
• D) between 1600 and 1900 CE

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Definitions:

Laissez-Faire

An economic philosophy of free-market capitalism that opposes government intervention.

Great Depression

A severe worldwide economic downturn that took place during the 1930s.

Nominal GDP

Nominal GDP is the market value of all final goods and services produced within a country in a given period, measured in current prices.

Aggregate Output

The total value of all goods and services produced in an economy over a specific time period.