Select the Word or Phrase That Best Matches the Definition

question 2

Multiple Choice

Select the word or phrase that best matches the definition or example.
-They were given monopolies on Indian Ocean trade,including the right to make war and to rule conquered peoples.

• A)Indian Ocean commercial network
• B)trading post empire
• C)Philippines (Spanish)
• D)British/Dutch East Indian companies
• E)Tokugawa shogunate
• F)"silver drain"
• G)Potosí
• H)soft gold
• I)African diaspora
• J)Benin
• K)Dahomey
• L)Ayuba Suleiman Diallo

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Definitions:

Producer Groups

Organizations or associations of producers that collaborate to protect their interests, often through lobbying, marketing, and sharing resources to improve their market position.

Advertising

The act or job of creating promotional material for commercial goods or services.

Advertising

The action of calling public attention to products, services, needs, etc., especially by paid announcements in newspapers and magazines, over the radio or television, on billboards, etc.

Long-run Equilibrium

The state in which all inputs are variable, allowing firms to make adjustments and the market to clear.