Which of the Following Products Made Its Way to Europe

question 112

Multiple Choice

Which of the following products made its way to Europe as part of the Columbian Exchange?

• A) potatoes
• B) wheat
• C) horses
• D) grapes
• E) All of the choices are correct.

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Definitions:

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in costs.

Price Mechanism

The process through which prices rise and fall as a result of changes in supply and demand, determining the allocation of resources in a market economy.

Wage and Price Controls

Government-imposed restrictions on the levels at which wages and prices can be set, usually to control inflation.

Inflation

A general increase in prices and decrease in the purchasing value of money.