A New Round of Western Territorial Demands in China Was

question 2

Multiple Choice

A new round of Western territorial demands in China was sparked by the successful 1897 German acquisition of much of the

• A) island of Sri Lanka.
• B) Shandong Peninsula.
• C) Liaodong Peninsula.
• D) Korean Peninsula.
• E) Weihaiwei Peninsula.

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various price levels at a given period.

Labor

The effort by humans to produce goods or services in the economy.

Resource Demand Curve

A graphical representation showing the relationship between the price of a resource and the quantity of that resource demanded by firms.

Shift Factors

Variables or conditions that can cause a shift in demand or supply curves, thus changing market equilibrium.