The Atlantic System Was

question 50

Multiple Choice

The Atlantic System was

• A) a set of military alliances among western European states.
• B) a network of trading links across the Atlantic basin.
• C) the term used to refer to the navigational techniques developed by the English navy after 1600.
• D) limited to sovereign states, and did not include any colonies.
• E) only a minor factor in the growth of the slave trade.

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Definitions:

Unit Price

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Unit Variable Cost

The expense incurred from manufacturing an extra unit of a product.

Break-even Chart

A graphical representation that displays the point at which total costs and total revenues are equal, indicating no net loss or gain.

Total Revenue

The total amount of money generated by a company from its sales of goods or services before any costs or expenses are deducted.