The Value of Precious Metals Flowing into Europe Quadrupled with the Spanish

question 50

Multiple Choice

The value of precious metals flowing into Europe quadrupled with the Spanish exploitation of​

• A)​gold mining in Mexico.
• B)​the gold found by Pizarro from El Dorado in Columbia.
• C)​the silver mines at Potosi in Peru.
• D)​gold found in Rio de la Plata.
• E)​silver in Guanajuato, Mexico.

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Definitions:

Germany

A country in Central Europe known for its rich history, cultural heritage, and economic prowess.

Production

The process of creating goods or services using inputs such as labor, raw materials, and machinery.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to utilize resources in a particular way.

Germany

A country in Central Europe known for its rich history, technological innovations, and economic power.