Which of the Following Statements Best Applies to the Economy

question 51

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 made the lives of peasants improve 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 specie.

---

Definitions:

Quotas

Pre-determined targets or minimum requirements that must be met within a specified time frame, often used in sales, production, or employment contexts.

Trade Control

regulations and policies that governments implement to control the flow of goods and services across their borders.

Polycentric Staffing Model

The polycentric staffing model calls for the dominant use of host-country nationals throughout the organization.

Human Resources

The department within an organization that focuses on recruitment, management, and direction for the people who work in the organization.