How Was the Flow of Goods Directed Around the Globe

question 41

Multiple Choice

How was the flow of goods directed around the globe in the nineteenth century?

• A)By new communication systems, such as the telegraph, that could direct ships from port to port
• B)By letters sent between merchants and captains as ships waited in ports
• C)By letters of transit that were given to ships' captains before leaving, which directed their routes and activities
• D)By networks of carrier pigeons that carried directions for ships across the seas

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Definitions:

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Dollar Amount

Indicates a specific value of money, usually in U.S. dollars, mentioned in financial transactions, budgets, and pricing.

Minimax Strategy

A decision-making strategy, especially in game theory, aiming to minimize the possible loss for a worst case (maximum loss) scenario.

Largest Cost

Refers to the highest expense in either a specific project or operation typically identified to assess and reduce financial outlays.