The Economic Policies of Jean-Baptiste Colbert, Louis XIV's Controller General

question 10

Multiple Choice

The economic policies of Jean-Baptiste Colbert, Louis XIV's controller general of finances

• A) were noted for their innovation and originality.
• B) used new accounting practices to take the tax burden off the peasants.
• C) were based on the economic theory of mercantilism that stressed government regulation of economic affairs to benefit the state.
• D) gave Louis the large surplus in the treasury needed to carry out his wars.
• E) could best be described as laissez-faire.

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Definitions:

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points around their mean, commonly used in finance to assess the risk or volatility of an investment.

Risky Asset

An asset that has a significant degree of risk associated with it, offering the potential for higher returns in exchange for the increased risk.

Standard Deviation

A statistic that measures the dispersion of a dataset relative to its mean and is used in finance to gauge the amount of historical volatility of an investment.