Which of the Following Does Not Describe the Conditions Under

question 35

Multiple Choice

Which of the following does not describe the conditions under which the Latin Americans gained independence?

• A) In the wake of the Napoleonic invasion of Spain.
• B) As a result of the Spanish king's intolerable tyranny.
• C) As a counter to a feared movement toward racial democracy.
• D) Inspired by the successful North American and French revolutions.
• E) The criollos' resentment at being always subordinated to the peninsulares.

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Definitions:

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, each having some market power.

Economic Profits

The extra amount businesses earn after subtracting all of their costs, including opportunity costs.

Long Run

A period in which all factors of production and costs are variable, allowing for all adjustments to be made within a market or economy.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition based on quality, brand, and price.