It Can Be Said That, by the Late 1960s

question 52

Multiple Choice

It can be said that, by the late 1960s,

• A) Mozambique and Angola were still controlled by Portugal.
• B) all of Africa had achieved independence.
• C) the French colonies in Africa had still not achieved independence.
• D) even Canada had at last agreed to free Gambia.
• E) de Gaulle's French Community had produced increased colonial structures in Nigeria.

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Definitions:

Profit-Maximizing Firms

Businesses that operate with the primary goal of maximizing their profit, which is achieved by increasing income while minimizing costs.

Economic Factors

The various external factors, such as inflation, interest rates, and unemployment, that influence the performance of the economy.

Cattle Ranchers

Individuals or businesses engaged in the raising and breeding of cattle for meat or milk production.

Marginal Revenue

The additional income generated from the sale of one more unit of a good or service.