What Happened to Formerly Austro-Hungarian Territory Inhabited by Croats, Slovenes

question 9

Multiple Choice

What happened to formerly Austro-Hungarian territory inhabited by Croats, Slovenes, Slavs, and Albanians after the Paris Peace Conference?

• A) It was distributed to each group as new nation-states.
• B) It was amalgamated into the single state of Yugoslavia.
• C) It was administered by the League of Nations.

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Definitions:

Consumer's Budget

is the total amount of income available to an individual or household to spend on goods and services or to save, after taxes.

Elastic Demand

A situation where the quantity demanded of a product changes significantly in response to changes in the product's price.

Inelastic Demand

Refers to a situation where the quantity demanded of a good or service does not significantly change when its price changes.

Price Elasticity of Demand

A metric that describes the sensitivity of the demand for a product to variations in its price.