chapter 7 section 2 true false

Question 1

mercantilism stated that a country’s government should do all it could to increase the country’s wealth

Answer 1

true

Question 2

historians call the period between the late 1400;’s and the 1700’s the commercial revolution because European greatly changed their basic business practices

Answer 2

true

Question 3

countries could achieve a favorable balance of trade by placing tariffs, or import taxes, on goods entering their country

Answer 3

true

Question 4

new types of business organizations helped exploration; for example, a join-stock company allowed many investors to become co-owners in a single business venture

Answer 4

true.