The International Situation in the Mid-Eighteenth Century Included

question 82

Multiple Choice

The international situation in the mid-eighteenth century included

• A)an intense rivalry between Austria and Prussia for domination over central Europe.
• B)the continuing dominant role of the aristocracy.
• C)an intense rivalry between France and Britain in northern Europe and North America.
• D)numerous wars.
• E)All of these

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Definitions:

Aggregate Income

The total amount of income earned by all individuals or entities within an economy.

World Economy

The global network of economic activities, trade, and production that transcends national borders, involving various economies of the world.

Private Sector

The part of the economy that is run by individuals and companies for profit and is not state controlled.

Resource Suppliers

Entities or individuals that provide the necessary inputs (like labor, raw materials, and capital) for the production of goods and services.