What Was One of the Results of King George's War

question 47

Multiple Choice

What was one of the results of King George's War?

• A) The French were expelled from North America.
• B) Four thousand New Englanders were killed in a futile assault on the French bastion of Louisbourg.
• C) The English captured and then returned the French fort that guarded the entrance to the St. Lawrence River.
• D) France was established as the dominant power in North America.
• E) Spain surrendered Florida to England, and France took control of Louisbourg.

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Definitions:

Average Total Cost

The total cost of production divided by the number of units produced, used to analyze cost behaviors in economics.

Producer Surplus

The difference between the amount producers are willing and able to sell a product for and the actual amount they receive, often representing profit.

Total Surplus

The total net gain for society derived from the creation and utilization of goods or services, calculated as the combined value of consumer and producer surplus.

Net Welfare Gain

The improvement in societal well-being, measured as the sum of consumer and producer surplus, arising from economic transactions or policy changes.