Examlex

Solved

During the War of Italian Unification,why Did French Emperor Napoleon

question 7

Multiple Choice

During the war of Italian unification,why did French Emperor Napoleon III sign an armistice with Austria?


Definitions:

Production Possibilities Curve

A graphical representation that shows the various combinations of two products that an economy can produce using all its resources efficiently.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, due to the scale of operation increasing.

Opportunity Cost

The abandonment of potential improvements from other possibilities once one choice is made.

Absolute Advantage

A country's ability to produce a good more efficiently than other countries, requiring fewer resources for the same output.

Related Questions