Based on the Evidence in Map 19

question 68

Multiple Choice

Based on the evidence in Map 19.2, "The Atlantic Economy, 1701," slaves were an integral part in the production of which trade good?

• A) Spices
• B) Gold
• C) Furs
• D) Sugar

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Definitions:

Public Policy Implications

The effects or outcomes that governmental policies have on society, including economic, social, or environmental impacts.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can afford given their income and the prices of the goods, illustrating the concept of trade-offs.

Money Income

The total amount of monetary earnings received by an individual or household over a specific period of time, including wages, salaries, and other earnings.

Factors of Production

The inputs used in the production of goods or services, including land, labor, capital, and entrepreneurship.