Marco Polo's Travels Was Important Primarily Because It Convinced Many

question 40

Multiple Choice

Marco Polo's Travels was important primarily because it convinced many Europeans

• A) of the need for a defensive alliance against hostile non-European powers.
• B) that direct trade by sea with China was possible.
• C) of the need to Christianize China.
• D) that Chinese culture was superior to European culture.

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Definitions:

Fixed Cost

Costs that do not vary with the level of output or activity, such as rent or salaries.

Marginal Cost

The increased cost incurred from making one more unit of a product or service.

Average Total Cost

The total cost divided by the quantity of output produced, representing the average cost per unit of output.

Short-Run Supply Curve

A graphical representation showing the quantity of a good or service that producers are willing and able to sell at different prices over a short period, holding other factors constant.