As a Result of European Expansion into Africa

question 64

Multiple Choice

As a result of European expansion into Africa,

• A) the Mwene Metapa was entirely eliminated by the Portuguese.
• B) the economic conditions of the continent were unaltered.
• C) North African political regimes were toppled by French forces.
• D) internal conflict among native African groups was intensified.
• E) most Africans became wealthier.

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Definitions:

Maximum Profit

The highest possible financial gain that a firm can achieve from its operations.

Deadweight Loss

The decrease in economic performance that happens when a good or service fails to meet or cannot attain its optimal distribution point.

Marginal Cost

The cost of producing one additional unit of a good or service, considering all variable resources used in production.

Monopolistic Competition

A type of imperfect competition such that many producers sell products that are differentiated from one another (e.g., by branding or quality) and hence are not perfect substitutes.