Which of the following statements concerning the Ming economy is most accurate?
a. European markets became increasingly important to the Ming emperors.
b. The Chinese government did not tax trade, thus did not profit from commercial growth.
c. Almost all commercial profits were reinvested in trade.
d. Much merchant wealth was invested in land as a means of social advancement.
e. Merchants failed to realize profits from the Ming commercial boom.
Answer: D
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AP World History Chapter 22
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