Which of the following correctly analyzes the ways in which new systems of trade impacted the global economy?(1 point)

Question

Responses

Silver mines contributed to the wealth of South American economies.
Silver mines contributed to the wealth of South American economies.

West African trading empires gained power as new resources became available.
West African trading empires gained power as new resources became available.

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.

Answer 1

The response that best analyzes the ways in which new systems of trade impacted the global economy is:

New economic ideas like mercantilism and capitalism enriched European economies.

This statement highlights the significant transformation that trade brought to economic theories and practices, leading to the enrichment of European nations through increased trade and the accumulation of resources and wealth.