Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 2 of 10 though mercantilism limited trade during the age of ex…

Question

question 2 of 10
though mercantilism limited trade during the age of exploration, european economies grew rapidly during this period, largely because of:
a. strict regulations that prevented smuggling and other economic crimes.
b. the natural resources they obtained from their colonies.
c. increased agricultural output that ensured all people were well fed.
d. the elimination of corrupt corporations and joint stock companies.

Explanation:

Brief Explanations

During the Age of Exploration, European economies grew rapidly mainly because of the natural resources obtained from their colonies. Mercantilism emphasized a favorable balance of trade and the accumulation of wealth, often through colonial exploitation. Colonies provided raw materials like gold, silver, spices, and agricultural products. These resources fueled European economic growth. Option A is incorrect as strict regulations did not prevent smuggling effectively. Option C is wrong because not all people were well - fed. Option D is incorrect as corrupt corporations and joint - stock companies were not eliminated.

Answer:

B. the natural resources they obtained from their colonies.