With the Defeat of the Spanish Armada

question 47

Multiple Choice

With the defeat of the Spanish Armada

• A)Portugal became the dominant power in the Americas.
• B)the native peoples were now independent once more.
• C)England could now begin colonizing America.
• D)Catholicism ended in the Americas.
• E)Europe's wool market collapsed.

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Definitions:

Normal Good

A good, such as new clothes, for which demand increases, or shifts rightward, as consumer income rises.

Backpacks

Backpacks are portable bags carried on one's back, secured with two straps over the shoulders, commonly used for transporting items.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Shift

In economic contexts, this term often refers to a movement or change in the position of a supply or demand curve in response to various factors.