MATCHING -Criollos

question 24

Multiple Choice

MATCHING
-criollos

• A)society centered on the mother's family
• B)Spanish brutality
• C)uprising against Spanish colonists in New Spain
• D)Dutch landowners of large estates
• E)large-scale farm owned by a Spanish landlord
• F)persons of mixed Spanish and Indian origin
• G)Spanish reform measures toward Indians
• H)a married woman surrendering her legal identity
• I)transfer of plants, animals, and diseases between New and Old Worlds
• J)Confederation of five Iroquois tribes
• K)Person born in the Spanish colonies of European ancestry
• L)ancient residents of the Mississippi Valley region

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a marginal benefit equal to its marginal cost of production.

Productive Efficiency

A situation in which an economy or entity can no longer produce additional amounts of a good without lowering the production level of another product.

Substitute Goods

Products or services that can be used in place of each other, having a positive cross-elasticity of demand.