According to the Text,how Long Did It Take for Europe

question 40

Multiple Choice

According to the text,how long did it take for Europe to lay a foundation of cheap labor,plentiful agricultural commodities,and relatively inexpensive transportation and communication systems?

• A) fifty years up to 1850
• B) one hundred years up to 1870
• C) one hundred years up to 1850.
• D) fifty years up to 1850,
• E) one hundred years up to 1900

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Definitions:

Income

Financial returns, especially continual, from work or investing activities.

Price of X

The amount of money required to purchase a product or service named X.

Consumption of Y

Represents the amount or volume of good Y that is utilized or consumed over a period.

Utility Function

A mathematical representation that ranks an individual's preferences for various goods and services, aiming to measure their level of satisfaction.