Which of the Following Was the Most Egalitarian European Country

question 37

Multiple Choice

Which of the following was the most egalitarian European country in the early modern period?

• A)England
• B)France
• C)Portugal
• D)The Netherlands
• E)Italy

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Definitions:

Variable Input

A production input whose quantity can be changed in the short term to influence output.

Fixed

Related to something that is unchanging, constant, or securely attached and not subject to variation.

SAC Curves

Short-run average cost curves represent how a firm's average costs vary with output in the short term.

LAC Curves

Long Average Cost curves, which show the minimum average cost of production at different levels of output, assuming all production factors are variable.