Which of These Was Not One of the Five Major

question 33

Multiple Choice

Which of these was not one of the five major parts of the Treaty of Paris of 1783?

• A) America gained complete independence from Britain.
• B) America could expand northward to the Great Lakes and westward to the Mississippi River.
• C) Spain maintained control of Florida.
• D) All parties were to have free access to travel the Mississippi River.
• E) Spain would control the city of New Orleans, and thus the port, at the southern end of the Mississippi River.

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Definitions:

Corrected Earnings

Earnings that have been adjusted for factors such as inflation, accounting changes, or tax laws to provide a more accurate measure of real profitability.

Earnings Differential

The difference in wages or salaries stemming from differences in job difficulty, location, skills required, or other factors.

Wage Differentials

The variation in wage rates paid to different groups of workers, often based on skill, location, industry, or job function.

Human Capital

The stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.