One of Hongwu's First Steps in Reshaping the Government Was

question 32

Multiple Choice

One of Hongwu's first steps in reshaping the government was to create the ______________, a select group of officials who served as an advisory board to the emperor on all imperial matters.

• A) Parliament
• B) Red Chamber
• C) Grand Secretariat
• D) Central Committee

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Definitions:

Cost

The value of everything a seller must give up to produce a good.

Long Run Adjustment

The process through which input levels, production capacities, and market prices stabilize in response to sustained changes in demand or supply.

Profit-Maximizes

Refers to a strategy or actions by firms aiming to achieve the highest possible profit given their constraints and market conditions.

Active Listener

Someone who pays close attention to what is being said, demonstrating engagement and understanding through feedback, paraphrasing, and reflection.