Which Two Countries Were in the Forefront of European Commercial

question 61

Multiple Choice

Which two countries were in the forefront of European commercial expansion in the sixteenth and seventeenth centuries?

• A)the United Provinces and England
• B)Spain and Portugal
• C)France and Spain
• D)Belgium and Italy
• E)England and France

---

Definitions:

Inelastic Supply

Describes a situation where the quantity supplied of a good or service is relatively unresponsive to changes in its price.

Consumers Of Food

Individuals or entities that ingest food products for nourishment and energy.

Excise Tax

A tax imposed on specific goods, such as tobacco and alcohol, typically gauged per unit.

Downward-Sloping Demand

The typical relationship between price and quantity demanded, indicating that as price decreases, demand usually increases.