In 1573, Why Did Spain Decide That Missionaries Rather Than

question 36

Multiple Choice

In 1573, why did Spain decide that missionaries rather than soldiers should direct all new imperial settlements?

• A) The Council of Trent pushed Catholic governments to emphasize religious commitments.
• B) Soldiers were losing to Indians.
• C) Indians were more responsive to missionaries.
• D) The Protestant Reformation was weakening Spain's grip on its settlements.

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Definitions:

X-Inefficiency

Refers to the situation where a firm is not maximizing its potential output due to managerial or organizational inefficiencies, leading to higher production costs than necessary.

Allocative Efficiency

A state of resource utilization where the distribution of goods and services is optimized to meet consumer preferences and maximize overall welfare.

Productive Efficiency

The scenario in which a good or service is produced at the lowest possible cost, utilizing resources and technologies in the most efficient manner.

Long-Run Equilibrium

A state in which all firms in an industry achieve zero economic profit, resulting in market stability over time.