The Origins of the Current Global Economic System Are Found

Multiple Choice

The origins of the current global economic system are found in the late 1400s,when China was the world leader in the production and export of goods such as silk and hard goods.The result of this position created what problem that fostered European exploration of the Americas?

A) currency surplus,with vast reserves held by the ruling elite
B) trade deficit,with exports vastly exceeding imports
C) gold shortage,with an inability to pay off international debts
D) labor shortage,leading to a strong demand for slave labor