The Glorious Revolution of 1688

question 42

Multiple Choice

The Glorious Revolution of 1688:

• A) resulted mainly from the fears of English aristocrats that the birth of James II's son would lead to a Catholic succession.
• B) ended parliamentary rule in Great Britain until Queen Anne's War in 1702.
• C) was the work of an ambitious Danish prince out to avenge his father's murder by a British nobleman.
• D) had no impact on the British colonies in America.
• E) prompted Scotland's secession from Great Britain and thus a reduction in Scotch-Irish immigration to the colonies.

---

Definitions:

Average Fixed Cost

The sum of all production fixed costs divided by the number of units produced.

Producing Purses

Involves the manufacturing and crafting of handbags and purses, often focusing on aspects like design, material quality, and functionality.

Long-Run Minimum Cost

The lowest cost at which a firm can produce any given level of output in the long run when all inputs are variable.

Average Total Cost Curve

A graphical representation of the total cost (fixed plus variable) per unit of output produced, plotted against different levels of output.