-Refer to Table 11

question 230

Multiple Choice

-Refer to Table 11.5. The equilibrium income in this economy is:

• A) 2400.
• B) 1600.
• C) 1500.
• D) 2000.

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Definitions:

Treaty of Westphalia

A series of peace treaties signed in 1648 that ended the Thirty Years' War in Europe, significantly shaping the modern state system by acknowledging the principle of sovereignty.

Jean Calvin

A French theologian, pastor, and reformer in Geneva during the Protestant Reformation who was a principal figure in the development of the system of Christian theology later called Calvinism.

Great Schism

refers to the division within the Christian Church in 1054, leading to the separate development of the Eastern Orthodox and Western Roman Catholic churches.