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How Did the Discovery of the Americas (New World)impact European

question 45

Multiple Choice

How did the discovery of the Americas (New World) impact European understanding of biological diversity?

Calculate and interpret total, average, and marginal costs based on different inputs and outputs.
Grasp the law of diminishing returns and its effect on production and costs.
Understand the concept of economic profit versus accounting profit by incorporating both explicit and implicit costs.
Recognize the significance of input variation on total output and its relationship to the law of diminishing returns.

Definitions:

Portuguese-Benin

Refers to the historical interactions, trade, and cultural exchanges between the Portuguese and the Kingdom of Benin, located in present-day Nigeria.

Benin Ivory

Ivory sculptures and artifacts from the Kingdom of Benin (modern-day Nigeria), reflecting the wealth, craftsmanship, and artistry of the Benin people, especially from the 15th century onwards.

Ife Ruler

Refers to the kings or religious leaders of Ife, an ancient Yoruba city in Nigeria, known for its unique art, particularly lifelike bronze and terracotta sculptures.

Zinc-Brass

An alloy predominantly made of copper and zinc, used in a variety of decorative and practical applications for its resilience and finish.

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