The Decline in Spain's Revenue from the Transatlantic Trade Was

question 57

Multiple Choice

The decline in Spain's revenue from the transatlantic trade was a result of​

• A)the growth of smuggling.
• B)a decline in silver production.
• C)challenges posed by imperial rivals.
• D)New Spain's production of items previously imported from abroad.
• E)All of these are correct.

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Definitions:

Opportunity Costs

The cost of foregoing the next best alternative when making a decision.

Cash Inflows

This term refers to the money coming into a business from its operational, financing, and investing activities.

Assets

Resources owned or controlled by a business, entity, or individual, with future economic value that can be measured and expressed in financial terms.

Externalities

Effects a project has on other parts of the firm or on the environment.