What Revenue Was to Back Up the Value of the Assignats

question 10

Multiple Choice

What revenue was to back up the value of the assignats?

• A)new taxes on the nobility
• B)taxes on the Third Estate
• C)wealth captured after the monarchy was executed
• D)the sale of church property

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Definitions:

Opportunity Cost

Giving up on possible rewards from various other options by selecting a single alternative.

Absolute Advantage

A condition in which a country, individual, or company can produce a particular good or service at a lower cost in terms of labor and resources than other entities.

Compasses

Navigation instruments used for determining direction relative to the Earth's magnetic poles.

Specialize And Trade

The economic practice where individuals or entities focus on the production of a limited range of goods or services to gain efficiency and then trade with others to meet their needs.