Which of the Following Is NOT TRUE

question 17

Multiple Choice

Which of the following is NOT TRUE?

• A) Prior to colonialism, Europe was a relatively poor and powerless part of the world.
• B) There were two major waves of colonialism.
• C) Spain and Portugal colonized much of the New World.
• D) Germany had colonies.
• E) All of the above are true.

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Definitions:

Diamond-Water Paradox

A paradox highlighting the discrepancy between the high value of non-essential items, like diamonds, and the low value of essential items, like water, despite their utility.

Marginal Utility

The enhancement in satisfaction or benefit a consumer achieves by consuming an additional unit of a good or service.

Noncash Gifts

Items of value given as presents that are not in the form of currency or monetary instruments.