Which of the Following Is True About the Age of European

question 100

Multiple Choice

Which of the following is true about the Age of European expansion?​

• A)Italians, Portuguese and Spanish mariners explored the Atlantic hoping to find a route to Asia.
• B)Expeditions were spurred by new technologies.
• C)Europeans sought greater access to gold and slaves from west Africa.
• D)Catholics sought new converts.
• E)All of these are correct.

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Definitions:

Entry Barriers

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.

Total Profit

The financial gain obtained by subtracting total expenses from total revenue generated from sales or operations.

MR

Marginal Revenue, the additional income that an organization earns by selling one more unit of a product or service.

MC

Marginal Cost; the additional cost incurred from producing one more unit of a good or service.