I really need help I don't understand this.
What type of economy was supported by bartering among Native Americans?
a market economy
b traditional economy
c mercantile economy
d command economy
2. Which of the following conditions made most of Louisiana an ideal place for a market economy?
A. the proximity of Texas
B. the mild climate
C. direct access to the Gulf of Mexico
D. the diversity of the people
3. How can the early failure of mercantilism in the Louisiana colony be explained?
A. lack of supplies
B. lack of resources to get rich quickly.
C. lack of workers
D.all of the above
What does your text say about these questions?
I don't know what you mean by that..
Ms. Sue means you need to go back into your text and read the sections in which these topics are explained.
To answer the first question, "What type of economy was supported by bartering among Native Americans?", we can use the process of elimination. The options provided are: a market economy, a traditional economy, a mercantile economy, and a command economy.
A traditional economy is characterized by the customs, habits, and traditions of a society determining the production and distribution of goods and services. Since bartering among Native Americans was a cultural practice based on mutual exchange without a formalized market system, we can eliminate a market economy, a mercantile economy, and a command economy.
Therefore, the correct answer is b) traditional economy.
Moving on to the second question, "Which of the following conditions made most of Louisiana an ideal place for a market economy?", we can analyze the options given:
A. the proximity of Texas - Although proximity to other areas may play a role in economic activities, it is not directly related to a market economy.
B. the mild climate - Climate can affect certain industries, but it is not a defining factor for a market economy.
C. direct access to the Gulf of Mexico - Direct access to the Gulf of Mexico can facilitate trade and transportation, both of which are essential in a market economy.
D. the diversity of the people - While diversity can bring economic opportunities and innovation, it is not a characteristic unique to a market economy.
Based on the above analysis, the correct answer is c) direct access to the Gulf of Mexico.
Moving on to the third question, "How can the early failure of mercantilism in the Louisiana colony be explained?", let's evaluate the options provided:
A. lack of supplies - A lack of supplies can hinder economic growth, but it does not solely explain the failure of mercantilism in the Louisiana colony.
B. lack of resources to get rich quickly - While resources can play a role in economic prosperity, the failure of mercantilism cannot be solely attributed to a lack of resources for quick wealth.
C. lack of workers - A shortage of workers can impact economic activities, but it is not the exclusive reason for the failure of mercantilism.
D. all of the above - Considering the previous analysis, all of the options mentioned contribute to the failure of mercantilism. The lack of supplies, resources, and workers collectively undermine the success of this economic system.
Hence, the correct answer is d) all of the above.