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

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Definitions:

Radios

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Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as the result of making a decision.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitors.

Absolute Advantage

The ability of an entity to produce more of a good or service than competitors using the same amount of resources.