Which of the Following Statements Best Applies to the Economy

question 3

Multiple Choice

Which of the following statements best applies to the economy of sixteenth- and seventeenth-century Europe?

• A)The joint-stock company enabled the raising of spectacular sums of capital for world trading ventures.
• B)The early seventeenth century saw a general stagnation in the areas of mining and metallurgy.
• C)Technological innovations improved the lives of peasants dramatically.
• D)The population explosion made for urban growth and more social equality in cities.
• E)An economic depression occurred because of a lack of precious metals in circulation.

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