The Conclusion That Porcelain Was the Single Most Important Commodity

question 27

Multiple Choice

The conclusion that porcelain was the single most important commodity in the unfolding world commercial revolution between 1500 and 1800 is supported by all of the following except:

• A) Skyrocketing demand for porcelain products in European countries.
• B) The depiction of Muhammad's face on many of them, in spite of Islamic prohibitions.
• C) The use of bulk cargoes of porcelain as ships' ballast.
• D) The appearance of porcelain as home furnishings in almost all households of means.

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Definitions:

Player A

In the context of game theory, a label for one of the participants in a strategic interaction or game.

Player B

In game theory, a participant in a strategic situation or game, distinguished from other participants by the label "B".

Sherman Antitrust Act

A landmark U.S. legislation passed in 1890 that prohibits monopolistic business practices and promotes competition.

Price Fix

A practice where businesses agree to set the price of a product or service at a certain level, often illegally, to avoid competition.