The fourth alternative is correct (D).
Nations produce goods and services according to their productive capacity, their natural resources and the specialization of the workforce. In this way, some goods and services are expensive for a nation to produce, but are cheaper for other nations to produce.
Thus, if each nation specializes in the product in which it has a production advantage, nations can make tradeoffs. The country that has an advantage in the production of a good can export it to other countries and still can import the goods to which it is not specialized.
They wanted to control all of the silver from the Americas, and that was the only way Europe was able to trade with China, which didn’t need any other goods from Europe
The industrial revolution made the world a positive some world meaning that was more resources to go around. But most of the resources were produced by the top 1% meaning that the richer got richer and the poor get poor.
