Even Though This State Would Fail by 1830, Simón Bolívar

question 36

Multiple Choice

Even though this state would fail by 1830, Simón Bolívar created Gran Colombia in 1824, which unified

• A)the peoples of all Spanish-speaking America.
• B)the Spanish- and Portuguese-speaking territories.
• C)Venezuela, Colombia, and Ecuador into one nation.
• D)Central and South America into one coalition.
• E)Haiti, Antigua, and Brazil into one nation.

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Definitions:

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with minimal governmental intervention.

Distribution of Output

The way total production is spread across different agents or locations in the economy.

Consumer Needs

Fundamental requirements that motivate consumer behaviors and decisions in the marketplace.

Production Costs

The total expenses incurred in the manufacturing or production of goods, including raw materials, labor, and overhead costs.