Before the fifteenth century, European states enjoyed a long history of trade with
places in the Far East, such as India and China. This trade introduced luxury goods
such as cotton, silk, and spices to the European economy. New technological
advancements in maritime navigation and ship construction allowed Europeans to travel
farther and explore parts of the globe that were previously unknown. This, in turn,
provided Europeans with an opportunity to locate luxury goods, which were in high
demand, thereby eliminating Europe’s dependency on Eastern trade. In many ways,
the demand for goods such as sugar, cotton, and rum fueled the expansion of European
empires and their eventual use of slave labor from Africa
Answer: false
Explanation: they settled in the northern side
Answer:
True
Explanation:
The government does control the market economy they may also ensure national security by not allowing businesses to transact with enemy countries and providing services that are not typically handled by private business.
Answer: No, government services could create inflation, which decreases the purchasing power of consumers.
Expansionary fiscal policy is when the government expands the money supply in the economy. It can either increase government spending or cut taxes. This provides consumers and businesses more money to spend.
The purpose of expansionary fiscal policy is to boost economic growth. It is used when the government wants to reduce unemployment, increase consumer demand, and avoid a recession. If the recession has already occurred, it seeks to end it.
The policy comes with some risks. High inflation is one of the most common ones. There is also a time lag between when a policy move is made and when it works its way through the economy, which makes analysis difficult.
