Which of the Following Was a Consequence of the Increasing

question 16

Multiple Choice

Which of the following was a consequence of the increasing wealth of European states?

• A) A growing division arose between monarchs and merchants.
• B) An expanding diet led to a decrease in European tooth decay.
• C) European states grew rich enough to wage almost unceasing wars against one another.
• D) A belief that European states should open up their colonial markets to trade with their European rivals

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Definitions:

Treasury Stock

Shares of a company's own stock held by the company itself, often bought back from shareholders and not considered when calculating earnings per share or dividends.

Retained Earnings

The portion of a company's profits that is not distributed to shareholders as dividends but is kept by the company for reinvestment.

Net Income

The final financial gain of a business once taxes and all expenses are subtracted from the overall income.

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.