Which of the Following Was a Consequence of the Increasing

question 16

Multiple Choice

Which of the following was a consequence of the increasing wealth of European states?

• A) A growing division arose between monarchs and merchants.
• B) An expanding diet led to a decrease in European tooth decay.
• C) European states grew rich enough to wage almost unceasing wars against one another.
• D) A belief that European states should open up their colonial markets to trade with their European rivals

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Definitions:

Entry Barriers

Factors that prevent or hinder the ability of new competitors to enter and operate successfully in an industry, including high startup costs, regulatory restrictions, and established brand loyalty.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over others because of perceived superiority or emotional attachment.