Which of the Following Cannot Be Associated with the Price

question 13

Multiple Choice

Which of the following cannot be associated with the Price Revolution?

• A)Expanding trade and industry
• B)Wide-ranging changes in agriculture
• C)A general optimism and effective action by governments to control inflation
• D)Exceptionally rapid inflation of cereal prices
• E)The influx of silver from the New World

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Definitions:

Renovation Expense

Costs incurred in updating or restoring the physical condition of a business asset to increase its value or extend its life.

Straight-Line Depreciation

A method of calculating the depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Operating Expenses

are the costs involved in running a business that are not directly tied to the creation of a product or service, such as rent, utilities, and administrative salaries.

Cash Sales

Transactions where payment for goods or services is made at the time of sale in cash or its equivalent.