What Was an Effect of Early Ottoman Rulers' Decision to Avoid

question 19

Multiple Choice

What was an effect of early Ottoman rulers' decision to avoid trade with the outside world?

• A) The decision promoted increased investment in local Ottoman industries such as silk production.
• B) The decision led to Ottoman rulers becoming dependent on loans of silver from wealthy merchants.
• C) The decision led to economic expansion and increased Ottoman tax revenue.
• D) The decision caused European buyers to look elsewhere to buy wheat,copper,and wool.

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Definitions:

Operating Capacity

The maximum output or productivity level that a company can achieve using its current resources under normal working conditions.

Fixed Overhead Costs

Expenses that do not change with the level of production, such as rent or salaries of administrative staff.

Effect On Income

The impact of specific actions, events, or decisions on a company's net income or profitability.

Book Value

Book value is the net value of a company's assets as reported on the balance sheet, calculated by subtracting liabilities from the total assets.