What Was the Status of the Spanish Colonies Around 1788

question 12

Multiple Choice

What was the status of the Spanish colonies around 1788?

• A) Most peninsulares were on the verge of revolt.
• B) Changes in Spain had appeased most calls for liberal reforms.
• C) Most criollos were preparing for revolt.
• D) Revolts against Spanish rule had occurred in several cities.

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Definitions:

Capital Goods

Long-lasting goods used in the production of other goods or services, such as machinery, tools, and buildings.

Consumer Goods

Finished products consumed by individuals or households to satisfy their immediate wants or needs, such as food, clothing, and electronics.

Limited Partnerships

A form of partnership consisting of one or more general partners, who manage the business and assume legal debts and obligations, and one or more limited partners, who are liable only to the extent of their investments.

Corporate Income Taxes

Taxes imposed on the net income or profit of corporations, calculated after deducting expenses like cost of goods sold and wages.