A Key Consequence of the Battle of Saratoga in October

question 36

Multiple Choice

A key consequence of the Battle of Saratoga in October 1777 was:

• A) France became an ally to the United States.
• B) the adoption of the Declaration of Independence by the Continental Congress.
• C) the immediate surrender of all British troops to the Continental army.
• D) British commanders taking the war into the heart of New England for the first time.
• E) General Washington's decision to retreat to Valley Forge for the winter.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.

Producer Surplus

The difference between what producers are willing to accept for a product versus what they actually receive in the market.

Marginal Benefit

The increased benefit or value received from the consumption or creation of one more unit of a good or service.

Marginal Cost

The investment required to manufacture an additional unit of a product or service.