The First New Areas Settled by the Portuguese in the Fifteenth

question 77

Multiple Choice

The first new areas settled by the Portuguese in the fifteenth century were

• A)the Balearic Islands.
• B)Tunisia and adjacent North African towns.
• C)the Orkneys.
• D)Madeira, the Canary Islands, and the Azores.
• E)Gibraltar and Algeciras.

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Definitions:

Total Utility

The total satisfaction or benefit that a consumer derives from consuming a certain quantity of a good or service.

Total Utility

The total satisfaction received from consuming a particular quantity of goods and services.

Marginal Utility

The change in satisfaction or utility that an individual gains from consuming an additional unit of a good or service.

Consumer Surplus

The disparity in the total spending consumers are willing and able to commit to a good or service compared to what they truly spend.