History, 18.03.2021 01:00 novelty3650

In the late 1700s, European traders set up outposts in North America. They would trade axes and other tools to American Indians for beaver furs. These furs were then shipped to Europe, where they were sold to merchants as materials used to make clothing. Which statement best supports the transition of resources between economies as described in this example?

North America was the source of raw Materials which were then exchanged in the market economy of Europe.

North America produced raw Materials which were brought to Europe for sale in their traditional economy.

North America provided resources which were exchanged as goods in the command economy of Europe.

North America manufactured items which were traded in the market economy of Europe.

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In the late 1700s, European traders set up outposts in North America. They would trade axes and oth

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