Which of the following is NOT true of early modern governments and investment?

Which of the following is NOT true of early modern governments and investment?
 
  a. Capitalism developed in all European states at the same pace, due to governmental support.
  b. Government spending decreased during the early modern period.
  c. State policies discouraged investment in all European states, encouraging traditional economic forms and structures instead.
  d. Merchants who supplied governments prospered and reinvested because of the constancy of government demand.
  e. Governments sought to augment their wealth by pursuing dependence on other states for goods not produced at home.