All of the Following Set into Motion the Chain of Events

question 70

Multiple Choice

All of the following set into motion the chain of events that led to a drive of Europeans toward Asia, the penetration of Africa, and the discovery of the New World except  

• A) economic hardships and overpopulation at home.
• B) growing power of ambitious governments behind them.
• C) they sought contact with a wider world.
• D) they sought territories to conqueror.
• E) they sought new places to trade with.

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Definitions:

Marginal Revenue

The augmented income obtained by selling one more unit of a good or service.

Marginal Cost

The increase in total cost that arises from producing one additional unit of output.

Competitive Market

A market structure characterized by a large number of buyers and sellers, such that no single participant can significantly influence price.

Marginal Cost

The increase in cost that arises from producing an additional unit of output.