In terms of exports from the colonies, ______ and ______ were the top two trading partners
a. the United Kingdom; Africa
b. Southern Europe; the West Indies
c. the West Indies; the United Kingdom
d. the United kingdom; Southern Europe.
c. the West Indies; the United Kingdom
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If U.S. exports are $2.2 billion and our imports are $2.7 billion
A) the United States is lending to the rest of the world. B) U.S. national saving is too high. C) the United States is borrowing from the rest of the world. D) U.S. investment must decrease.
In China, firms owned by the government are known as
A) state-owned enterprises (SOEs). B) government enterprises. C) corporations. D) government owned partnerships.
Of factors which affect any economy's production potential, the best two listed below are:
a. resources and technology. b. prices and outputs. c. wages and prices. d. taxes and prices. e. resources and prices.
Demand elasticity can be
A) elastic, unit, or free. B) elastic or inelastic. C) elastic, inelastic, or unit elastic. D) 1, -1, or 0.