What Was the Most Prominent Cause for the Famine in the Early

question 10

Multiple Choice

What was the most prominent cause for the famine in the early fourteenth century?

• A) The Little Ice Age had a dramatic effect on climate and the length of the growing season.
• B) The population explosion left little resources for the poor.
• C) Plants brought in from trade with the East decimated the crop harvests in western Europe.
• D) Massive flooding drowned the crops in the fields of France.
• E) Piracy in the Mediterranean cut off food-supply ships.

Learn about market mechanisms for managing pollution and external costs.

Understand the difference between public goods and private goods.

Comprehend the concept of nonrivalry and nonexcludability in the context of public goods.

Identify the effects of external costs and benefits on market efficiency.

---

Definitions:

Dividend

A portion of a company's earnings that is paid to shareholders, usually on a quarterly basis, as a reward for owning the stock.

Liability

A company's financial debt or obligations that arise during the course of its business operations, required to be settled over time.

Stock Split

A corporate action that increases the number of shares in a company, leading to a decrease in the price per share while keeping the market capitalization the same.

Shares Outstanding

The total number of company's shares that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares.