Which of the Following Was a Result of the Treaty

question 100

Multiple Choice

Which of the following was a result of the Treaty of Paris of 1763?

• A) France lost all its possessions in the New World.
• B) Most of Spain's New World empire was transferred to France.
• C) Louisbourg was returned to the French in exchange for a British outpost in India that the French had taken during the war.
• D) Britain lost Canada and India, while the French transferred St. Pierre to the Dutch.
• E) The British gained Florida and Canada and became supreme in eastern North America.

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Definitions:

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit; essentially, the cost of producing one more unit of a good.

Product-Variety Externality

An economic effect where an individual's consumption choices can lead to an increase in the variety of products available, potentially benefiting other consumers.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with production or consumption activities.