Answer:
The literature on the consequences of the Reformation shows a variety of short- and long-run effects, including Protestant-Catholic differences in human capital, economic development, competition in media markets, political economy, and anti-Semitism, among others.
Explanation:
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Answer:
Philip II of Spain governed one of the world's largest empires.
Explanation:
Philip II of Spain also known as Philip the Prudent was a Spanish king, his reign began during Golden Age, it was a period of significant cultural growth in literature, music and the visual arts.
During his marriage with Mary Tudor for four years, he also was the King of England.
Answer: Free Market = usually a good way to run an economy.
Government can help a Free Market.
A Country's Standard of Living is determined by Productivity.
Prices of Good go up when government prints money.
There is a temporary tradeoff between unemployment and inflation.
Explanation:Smith never uses the term “capitalism;” it does not enter into widespread use until the late nineteenth century. Instead, he uses “commercial society,” a phrase that emphasizes his belief that the economic is only one component of the human condition.
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