Which of the Following Explains Why British Hegemony Led to a Peaceful

question 74

Multiple Choice

Which of the following explains why British hegemony led to a peaceful era in Europe in the nineteenth century?

• A)A change in British interests toward commerce and economic prosperity.
• B)A convergence of interests between European states.
• C)The British outlawed weapons at the Bretton Woods conference.
• D)The British used force to quiet any dissent in Europe.

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Definitions:

Advertising Elasticity of Demand

A measure of how advertising expenditures influence the quantity demanded of a product or service.

Price Elasticity of Demand

Measures how much the quantity demanded of a good responds to a change in its price, with higher elasticity indicating greater sensitivity to price changes.

Marginal Cost of Production

The increase in total production cost that arises from producing one additional unit of a good or service.

Reservation Prices

The maximum price a consumer is willing to pay for a good or service, beyond which the consumer will forgo the purchase.