D. The English Colonies were used as a source of food crops, tobacco and raw materials for England; the colonies also served a s a valuable market for English goods.
Mercantilism is the theory that trade generates wealth and the government should encourage trade. Choice D most closely falls in line with that terminology.
Answer:
Railroads used the iron to build railroad tracks but iron was weak and also dangerous. Soon people then realized that steel was a better material for tracks because it was able to hold more weight which then allowed heavier cargo. Railroads also transported mineral needed to forge steel.
Explanation:
In his speech before Congress, Roosevelt said that American neutrality laws as they stood in 1939 may actually give passive “aid to an aggressor” while denying help to victimized nations. Roosevelt’s primary goal was to make it easier for the U.S. to supply arms to democratic Britain and France. The new provision prohibited American ships from transporting arms or war material, gave the president power to identify combat zones (primarily Atlantic sea lanes) from which American citizens would be restricted and made it illegal for U.S. citizens to travel on vessels from belligerent nations.
"After James II was overthrown, William and Mary became the rulers of England" and "The Bill of Rights restricted the powers of the king and increased the power of Parliament" are the statements that are <span>accurate about the Glorious Revolution. The correct options among all the options given are option "A" and option "C".</span>
Answer:
A by causing real median household incomes to decline
C by limiting consumer choice
Explanation:
Negative effects of trade barriers (protectionism) policies include the following:
- weakening competition in the domestic market, and, consequently, incentives to improve production decsrease;
- the welfare of the population is decreasing due the rise in price of imported goods and the relative high cost of domestic goods, the deterioration of the quality of domestic goods, and the restriction of the freedom of choice of consumers;
- the country will suffer large losses due to the non-use of the absolute and relative advantages of the international division of labor and exchange.
This is confirmed, in particular, by the fact that after the Second World War, the gradual removal of trade barriers, such as tariffs and quotas, stimulated growth and increased the level of welfare wherever this happened, partly due to the expansion of the choice of goods for the population at lower prices. More importantly, trade also had a powerful beneficial effect on productivity, that is, on the efficient use of world resources for the production of economic goods.
