What Was an Important Consequence of the Second Moroccan Crisis

question 19

Multiple Choice

What was an important consequence of the Second Moroccan Crisis of 1911?

• A)Germany gained control of Morocco.
• B)It marked a shift in German foreign policy away from the aggressive policies of the previous decade.
• C)Austria-Hungary and Russia reached an agreement over access to the Mediterranean Sea.
• D)Serbia began an invasion of the Ottoman Empire in response.
• E)Britain and France moved closer together in their alliance against Germany.

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Definitions:

Perfectly Competitive

A market structure characterized by many buyers and sellers, identical products, and free entry and exit, leading to price determination by supply and demand.

Market Price

The ongoing value for buying or selling a product or service in the free market.

Shut Down

A short-term decision by a firm to cease production when marginal revenue does not cover variable costs, differing from going out of business, which is a long-term decision.

Total Revenues

The entire sum of money earned from selling goods or services prior to deducting any costs.