According to Map 16

question 64

Multiple Choice

According to Map 16.3, "Seaborne Trading Empires in the Sixteenth and Seventeenth Centuries," inspection of Spanish and Portuguese trade routes reveals which of the following?

• A) The majority of Spanish and Portuguese trade routes ran through Mesoamerica.
• B) Spanish and Portuguese trade across the Atlantic Ocean relied heavily upon manufactured goods.
• C) Trade in sugar and slaves was closely interconnected for both the Spanish and Portuguese.
• D) The ports of northern Europe were an important part of both Spanish and Portuguese trade.

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Definitions:

Markdown

A reduction from the original selling price of products or services, often used to clear inventory or boost sales.

Liquidity Reduction

A decrease in the ease with which assets can be converted into cash without significant loss in value.

Cost of Goods Sold

An accounting term representing the direct expenses related to producing or purchasing the goods sold by a company during a given period.

Amortization

The process of gradually paying off debt over a period of time through scheduled, pre-determined payments.