As a Consequence of Its Defeat in the Franco-Prussian War

question 77

Multiple Choice

As a consequence of its defeat in the Franco-Prussian War, France had to

• A)pay an indemnity to Prussia of five billion francs.
• B)abandon Nice and Marseilles.
• C)agree to allow Prussia to control Luxembourg.
• D)try Napoleon III for war crimes before a Prussian tribunal.
• E)all of the above.

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Definitions:

Inelastic Good

A product or service whose demand does not significantly change with a change in its price, indicating consumers' necessity or lack of substitutes.

Gasoline Expenditures

The total amount of money spent by consumers on gasoline, encompassing both retail purchases for vehicles and other uses.

Public Transportation

A system of vehicles such as buses, trains, and subways, provided by the government or private companies, for the purpose of transporting large numbers of people.

Cross-price Elasticity

Measures the responsiveness of the demand for one good to a change in the price of another good.