What Most Accurately Describes Imperialism Between 1870 and 1917

question 19

Multiple Choice

What most accurately describes imperialism between 1870 and 1917?

• A) The US was the leading imperialist nation in the late 19^th century.
• B) The US was primarily concerned about expanding freedom in relatively poor nations in Africa.
• C) The "Roosevelt Corollary" and the Monroe Doctrine were the primary documents that outline the US foreign policy.
• D) European nations like England and France oriented their annexation efforts toward Latin America.

---

Definitions:

Explicit Cost

Direct, out-of-pocket payments for goods or services that a company incurs in the course of doing business.

Economic Profit

The difference between the total revenue received by a firm and the total cost of all resources used, including opportunity costs.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision. It represents the benefits an individual, investor or business misses out on when choosing one alternative over another.

Implicit Rate

The implied rate of return that is not explicitly stated, often used in the context of comparing the cost of borrowing to the rate of return on investments.