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Flashcards in chapter 7 section 2 true false Deck (4)
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1
Q

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

A

true

2
Q

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

A

true

3
Q

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

A

true

4
Q

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

A

true.