Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
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Triangular trade means:
a. Trade between three continents - Europe, North America, and Africa
b. Trade in three products - Cotton, silver, and tea
c.Trade between three countries- India, UK, and USA
d. Trade in triagular shaped products.
Expert Solution
Step 1
Triangular trade refers to the trade pattern that existed between three regions during the period of the 17th and 18th centuries.
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