Which Sailing Route Yielded a Small Cache of Gold and Initiated

question 1

Multiple Choice

Which sailing route yielded a small cache of gold and initiated the expedition of Hernán Cortés to Mexico?

• A) Along the coast of Veracruz
• B) Along the coast of Ixtapa
• C) Along the coast of Yucatán
• D) Along the coast of Tampico

---

Definitions:

Short Run

In economics, a period in which at least one input, such as plant size, cannot be changed; distinct from the long run where all inputs can be varied.

Long Run

A period in economics during which all factors of production and costs are variable, allowing for full adjustment to changes.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied changes by an unlimited amount in response to any change in price.

Competitive Firm

A business that operates in a market with many buyers and sellers, where the company does not have the market power to set prices.