In the Seventeenth and Eighteenth Centuries,absolutism Was a Political Theory

question 32

Multiple Choice

In the seventeenth and eighteenth centuries,absolutism was a political theory that:

• A) encouraged rulers to turn over control of their governments to Parliament.
• B) allowed rulers to govern by divine right and according to their own will.
• C) discouraged military and economic competition among European states.
• D) built on the democratic ideals of early Renaissance republics.
• E) allowed countries, regardless of their form of government, to assume authority over its citizens.

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Definitions:

Long-Term Investment

assets purchased by a company that are intended to be held for more than one year, such as stocks, bonds, or real estate.

Realized Gain

The profit earned from selling an asset for more than its purchase price, recognizable when the transaction is completed.

Trading Investments

Assets acquired primarily for selling in the near term to generate profit from short-term price fluctuations.

Interest Income

Interest income is the revenue earned from depositing funds in interest-bearing accounts, securities, or investments, where the yield comes in the form of interest payments.