When the English Gained Control Over New Netherland

question 131

Multiple Choice

When the English gained control over New Netherland  

• A) the autocratic spirit survived.
• B) democracy replaced the old autocratic system.
• C) the colony grew quickly.
• D) new leaders distributed land grants in a more democratic fashion.
• E) they did so with great bloodshed.

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Definitions:

Monopoly

An economic scenario where only one seller exists who offers a distinctive product to the marketplace.

Price Discrimination

A pricing strategy where different prices are charged for the same product or service in different markets or to different consumers.

Elastic Demand

A situation where the quantity demanded of a product is highly responsive to changes in its price.

Inelastic Demand

The condition when the quantity demanded of a product changes very little in response to changes in its price.