The correct response that captures the political and economic changes leading to European colonization is:
Political changes included the rise of European monarchies and changes in the balance of power in Europe. Economic changes included a rebalance of economic power due to a human labor shortage.
During the medieval period, the consolidation of power by monarchies allowed for more centralized control and the ability to finance exploration and military endeavors. Additionally, the economic transformations resulting from events such as the Black Death created a labor shortage, altering the economic landscape and driving demand for new markets and resources. This combination of political stability and economic incentive set the stage for European nations to pursue overseas colonization.