Examlex
Which of the following encouraged the European powers to surrender their African colonies?
Absolute Advantage
The ability of an individual, company, or country to produce a good or service at a lower cost than competitors.
Opportunity Costs of War
The economic resources and benefits that are forgone by engaging in war, including the impact on trade, development, and the allocation of government spending.
International Trade
The international transfer of goods, services, and capital across national boundaries or regions.
Barriers to Free Trade
Restrictions, such as tariffs, quotas, and regulations, imposed by governments to control international trade and protect domestic industries.
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