Which condition is a major obstacle to economic development in the Middle East and Northern Africa ?
A. use of strip mining to obtain minerals
B. reliance on capitalist economic systems
C. lack of access to world markets
D. scarcity of water resources
A. an equality of trade position
B. a favorable balance of trade
C. a more open market
D. a belief system
One principle in the theory of mercantilism is that colonies should be_____________?
A. granted independence as soon as possible
B. Considered an economic burden for the colonial power
C. encouraged to develop their own industries
D. acquired as markets and sources of raw materials
A. an expansion of China’s colonial empire
B. an increase in trade with the West
C. a return to a strict command economy
D. the success of the commune system
A. demand of world markets for such crops
B. lack of modern agricultural technology
C. inadequate supply of water and other natural resources
D. peasant ownership of most farmlands
A. China’s trade deficit with the United States was very high
B. The United States refused to place quotas on Chinese goods
C. The United States imported more from China than it exported to China
D. China lowered tariffs on goods imported from the United States