Many Indigenous People Participated in the Wars of Independence

question 22

Multiple Choice

Many indigenous people participated in the wars of independence. With which of the following factions did they align themselves?

• A) mainly with the Spanish
• B) mainly with the Creoles
• C) Since they did not have much at stake, they decided based on their personal circumstances.
• D) They promoted a truce between the two factions.

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Definitions:

Interest Income

The revenue earned from lending money or investing in interest-bearing financial instruments, such as bonds or savings accounts.

David Ricardo

A British economist known for his contributions to classical economics, especially his theory of comparative advantage in trade.

Supply and Demand

Fundamental economic concepts describing the relationship between the availability of products and the desires of consumers, dictating the price of goods and services.

Compound Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.