Just as the Kingdoms of West Africa Were Linked to the Wider

question 70

Multiple Choice

Just as the kingdoms of west Africa were linked to the wider world by trans-Saharan trade,the kingdoms of east Africa were linked mainly by

• A) Egyptian trade.
• B) Indian Ocean trade.
• C) trans-Atlantic trade.
• D) south African trade.
• E) Persian Gulf trade.

Grasp how QuickBooks facilitates the transaction recording process through its user interface.

Understand the concept of absolute advantage and how it differs from comparative advantage.

Explain how countries benefit from trade even without absolute advantage.

Describe the conditions under which an economy's production possibilities frontier is also its consumption possibilities frontier.

---

Definitions:

Transaction Costs

Expenses incurred when buying or selling a good or service, including broker's fees, taxes, or costs related to the time and labor involved in making the transaction.

NPV Projects

Projects evaluated using Net Present Value, a method for determining the present value of future cash flows, minus the initial investment.

Compromise Policy

A strategy or decision that is made by finding a middle ground between two opposing positions or interests.

Dividend Cuts

Dividend cuts occur when a company reduces the size of the dividend payments to its shareholders, often as a response to financial difficulties or the need to conserve cash.