European Powers Rushed to Increase Their Penetration of Africa Because

question 121

Multiple Choice

European powers rushed to increase their penetration of Africa because of all except

• A)pressures generated by the spread of industrialization.
• B)rivalries that existed among the various nations of Europe.
• C)a desire to extend Christianity throughout Africa.
• D)technological advantages of the Europeans over the native Africans.
• E)fear of Russian economic expansion into Central Africa.

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Definitions:

Scarce Resource

A resource with limited availability relative to its demand.

Variable Cost Concept

A pricing strategy where the selling price covers the variable costs per unit, plus a portion of the fixed costs.

Cost-Plus Approach

A pricing strategy where a fixed percentage or a fixed amount is added to the cost of the product to determine its selling price.

Fixed Manufacturing Costs

Costs that do not change with the level of production, such as rent, depreciation, and insurance.