Which of the following statements best applies to the economy of sixteenth- and seventeenth-century Europe?

Question

Quizplus · Accepted Answer

The joint-stock company was a significant development in the economy of sixteenth- and seventeenth-century Europe, allowing for the pooling of capital and the funding of major trading ventures, such as those to the Americas and Asia. Option B is incorrect, as the seventeenth century saw important developments in mining and metallurgy, including new methods for extracting silver from the mines of South America. Option C is also incorrect, as peasants in this period generally saw little improvement in their standard of living.

Which of the Following Statements Best Applies to the Economy