For the Following Questions, Select the Letter of the Answer

question 2

Multiple Choice

For the following questions, select the letter of the answer that arranges each set of sentences in logical time order. The first sentence is the topic sentence in each set. Long before the English permanently colonized Virginia in 1607, both the French and Spanish had set up colonies in the New World.
____ The first permanent Spanish settlement was finally established in St. Augustine, Florida, in 1565, forty-two years before the English arrived in Jamestown.
____ Long before Jamestown, in 1526, the Spanish created, in what is now Georgia, the colony of San Miguel de Guadalupe.
____ The French colonized Fort Caroline, near present-day Jacksonville, Florida, in 1564, but it was destroyed by the Spanish a year later.
____ In 1562, the French established a colony at Port Royal, in what is now South Carolina.

• A) 1, 2, 3, 4
• B) 2, 3, 1, 4
• C) 4, 1, 3, 2

---

Definitions:

Demand

The desire accompanied by the ability to pay for goods or services, determining the quantity that will be bought at a given price level.

Marginal Revenue Product

The additional revenue generated from the sale of one more unit of a good or service produced as the result of one more unit of an input.

Wage Rate

The fixed amount of compensation or payment received by an employee from an employer in exchange for work or services performed.

Labor

Refers to human effort, whether physical or mental, used in the production of goods and services.