c. Stable exchange rate
b. Low unemployment rate
d. Low literacy rate
The colony of Maryland was established in 1634 to create a haven for English Catholics who faced religious persecution in England.
The settlement was founded under the leadership of Cecil Calvert, also known as Lord Baltimore, who sought to create a place where Catholics could freely practice their religion.
Maryland became known as a proprietary colony, with Lord Baltimore and his descendants holding the rights to govern the colony. The establishment of Maryland marked an important step towards religious tolerance and freedom in the early colonial period of North America.
Therefore, it created a haven for English Catholics who faced religious persecution in England.
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Answer:
The Human Capital theory and the Allocation theory
Explanation:
The human capital theory is the set of knowledge, skills, and attitudes that favor work to produce economic value. These are the attributes acquired by a worker through education, expertise, and experience. This theory is one of the oldest ones that attempt to explain human wealth. On the other hand, the Allocation theory understands that human wealth, more than just education, is the tendency to allocate resources, and use them as necessary during the time.