What Was Accomplished by the Enactment of the Treaty of Tordesillas

question 268

Multiple Choice

What was accomplished by the enactment of the Treaty of Tordesillas in 1494?

• A) the peaceful division of Middle and South America between Portugal and Spain
• B) the relinquishment by the Portuguese of all of their claims to land in the Americas
• C) an end to the great wars between Native Americans and European invaders
• D) the agreement between Britain and Spain to end the conflict over the Caribbean Islands

Identify factors that cause shifts in supply and demand curves, and understand their effects on market outcomes.

Appreciate the impact of governmental policies such as price floors, ceilings, and rent controls on market equilibrium.

Grasp the concepts of usury and laws regulating interest rates and their implications for consumers and the market.

Interpret the basic principles of the price system and signal mechanisms in a market economy.

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Definitions:

Reasonably Possible

A term used in accounting and law to describe a situation or outcome that, while not certain, is more than a remote possibility.

Estimable

Capable of being estimated or appraised, often used in finance and accounting to describe assets or liabilities that can be accurately assessed.

Installment Note

A debt instrument that requires regular payments, or installments, of principal and interest over a specified period.

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily coincide with the calendar year.