The Stage Was Set for a Cataclysmic Shift in the Course

question 24

Multiple Choice

The stage was set for a cataclysmic shift in the course of history when

• A) Europeans increasingly demanded less expensive goods from Asia.
• B) Africa was established as a source of slave labor.
• C) the Portuguese demonstrated the feasibility of long-range ocean navigation.
• D) the Renaissance nurtured a spirit of optimism and adventure.
• E) All of these are correct.

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Definitions:

Bonds

Debt securities issued by entities (such as governments or corporations) to raise capital, with a promise to pay back the principal amount along with interest on specified dates.

Total Assets

The sum of all current and non-current assets owned by a company, representing the total resources that can be used to generate future revenue.

Mutual Funds

A type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities, which is managed by an investment company with contributions from individual investors.

Closed-End Funds

Investment funds with a fixed number of shares that are traded on stock exchanges, unlike mutual funds.