Which of the Following Was a Reason That Portugal,Spain,France,and Britain

question 26

Multiple Choice

Which of the following was a reason that Portugal,Spain,France,and Britain were the first to expand into the New World?

• A) They had a long tradition of exploring distant lands by boat.
• B) They were on the Atlantic coast and were closer to the Americas.
• C) They believed in ancient legends of a lost world across the ocean.
• D) They lands lacked iron,which drove them to search for deposits.

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Definitions:

Equilibrium Position

In the indifference curve model, the combination of two goods at which a consumer maximizes his or her utility (reaches the highest attainable indifference curve), given a limited amount to spend (a budget constraint).

Economic Resources

The land, labor, capital, and entrepreneurial ability that are used to produce goods and services; the factors of production.

Marginal Costs

The extra expense generated from the production of an additional unit of a product or service.

R&D Costs

Expenses related to the research and development activities of a company, often aimed at discovering new products or improving existing products.