Which of the Following Did Not Spur European Exploration Abroad

question 31

Multiple Choice

Which of the following did not spur European exploration abroad?

• A) A need to move away from the plague-inflicted continent
• B) Commercial growth in European states
• C) Expanded maritime and military technologies

Grasp the concept of horizontal and vertical structuring in multinational organizations.

Analyze the strategic resource benefits of engaging in international business.

Understand the decision-making process regarding making or buying components.

Analyze special offers and their impact on net income.

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Definitions:

Efficient

The optimal use of resources to achieve the desired output with minimal waste, or achieving a goal in the most cost-effective way.

MSB = MSC

A condition where the Marginal Social Benefit of consuming a good equals the Marginal Social Cost of producing it, representing an optimal allocation of resources.

Public Park

A plot of land, usually owned by a government, open to the public for recreation and relaxation, without an entrance fee.

Positive Externality

A benefit received by third parties not directly involved in an economic transaction, like the environmental benefits from a public park.