Global Trade Quick Check 4 of 54 of 5 Items Question Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?(1 point) Responses New economic ideas like mercantilism and capitalism enriched European economies. New economic ideas like mercantilism and capitalism enriched European economies. Chinese dynasties in Asia lost wealth from global trade. Chinese dynasties in Asia lost wealth from global trade. West African trading empires gained power as new resources became available. West African trading empires gained power as new resources became available. Silver mines contributed to the wealth of South American economies.

Answer 1

New economic ideas like mercantilism and capitalism enriched European economies.