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What Was the Significance of Ferdinand Magellan's Circumnavigation of the Globe

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What was the significance of Ferdinand Magellan's circumnavigation of the globe?


Definitions:

Market Demand Curve

Graphical representation of the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Negative Externalities

Unintended adverse effects or costs imposed on a third party or the environment as a result of an economic activity.

Opt Out

The action of choosing not to participate in something.

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