The First European to Have Tasted Chocolate in Any Form

question 45

True/False

The first European to have tasted chocolate in any form was Hernando Cortés during his conquest of Mexico.

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Definitions:

Forward Market

A market in which participants agree to trade a financial instrument or physical commodity for future delivery at a specified price.

Absolute Purchasing Power Parity

A theory stating that identical goods and services in different countries should cost the same when priced in a common currency.

Standardized Good

a product that is produced to a set standard, making it interchangeable with similar products.

Economic Values

The worth of goods or services determined by the market, where price represents the quantity of resources people are willing to exchange for it.