Answered: Triangular trade means: a. Trade…

Business

Economics

Triangular trade means: a. Trade between three continents - Europe, North America, and Africa

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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