Which statement correctly summarizes an economic development that was part of the Commercial Revolution in the 1500s? (1 point) Responses Entrepreneurs made sure that no new laws imposed taxes or tariffs on businesses. Entrepreneurs made sure that no new laws imposed taxes or tariffs on businesses. Entrepreneurs were more interested in investing in agriculture than in global trade. Entrepreneurs were more interested in investing in agriculture than in global trade. Prices rose as more money, silver, and gold became available. Prices rose as more money, silver, and gold became available. Colonies were forced to import raw materials and export manufactured goods.

Answer 1

The statement that correctly summarizes an economic development that was part of the Commercial Revolution in the 1500s is: Prices rose as more money, silver, and gold became available.

This reflects the influx of precious metals from the Americas and other regions, which contributed to inflation and a shift in economic practices during the Commercial Revolution.