How Did Ways of Working Change in the Parts of the World

question 16

Multiple Choice

How did ways of working change in the parts of the world that came under European colonial rule in the nineteenth century?

• A) More people worked on public projects for free.
• B) More people engaged in blacksmithing and tanning.
• C) Fewer people worked for wages as most were enslaved.
• D) Fewer people sold what they produced for a cash income.

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Definitions:

Significant Influence

The power to participate in the financial and operating policy decisions of another entity without controlling it.

Carrying Amount

The value of an asset as shown in the business’s accounts, reflecting its cost minus any depreciation or impairment charges.

Gain or Loss

The financial result that occurs when the selling price of an asset differs from its book value.