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Which revolution led to the concept of banking, the creation of guilds, and the development of capitalism in Europe?
mercantilism
Prices change according to changes in the supply of and demand for products.
economists
letting natural laws regulate the economy
famine and war were natural checks on population growth
Government directs and controls the means of production.
land
Commercial
The policy of establishing colonies to gain wealth by controlling colonial trade is called
mercantilism
Prices change according to changes in the supply of and demand for products.
economists
letting natural laws regulate the economy
famine and war were natural checks on population growth
Government directs and controls the means of production.
land
Commercial
According to Thomas Malthus, the rate of increase for human populations in relation to the rate of increase for food production was a problem. Malthus believed that
mercantilism
Prices change according to changes in the supply of and demand for products.
economists
letting natural laws regulate the economy
famine and war were natural checks on population growth
Government directs and controls the means of production.
land
Commercial
Which statement best describes an aspect of a command economy?
mercantilism
Prices change according to changes in the supply of and demand for products.
economists
letting natural laws regulate the economy
famine and war were natural checks on population growth
Government directs and controls the means of production.
land
Commercial
Which social scientists focus their studies on scarcity, resources, and profit motives?
mercantilism
Prices change according to changes in the supply of and demand for products.
economists
letting natural laws regulate the economy
famine and war were natural checks on population growth
Government directs and controls the means of production.
land
Commercial
Which course of action does the theory of laissez-faire suggest a government should follow?
mercantilism
Prices change according to changes in the supply of and demand for products.
economists
letting natural laws regulate the economy
famine and war were natural checks on population growth
Government directs and controls the means of production.
land
Commercial
Which is true of an economy operating under a free market system?
mercantilism
Prices change according to changes in the supply of and demand for products.
economists
letting natural laws regulate the economy
famine and war were natural checks on population growth
Government directs and controls the means of production.
land
Commercial
In the European feudal system under manorialism, what is the most significant economic commodity?
mercantilism
Prices change according to changes in the supply of and demand for products.
economists
letting natural laws regulate the economy
famine and war were natural checks on population growth
Government directs and controls the means of production.
land
Commercial
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