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The Drivers That Explain Changes in Costs as Units Produced

question 20

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The drivers that explain changes in costs as units produced change are called:


Definitions:

British America

Territories in North and South America that were once part of the British Empire, including the original Thirteen Colonies that became the United States.

New World

The New World refers to the continents of North and South America, which were "discovered" and subsequently colonized by Europeans from the 15th century onwards, contrasting with the Old World of Europe, Asia, and Africa.

Indians

A term historically used to refer to Native Americans, though less preferred today due to its origin with Christopher Columbus mistakenly identifying the Americas as India.

Navigation Act

Law passed by the English Parliament to control colonial trade and bolster the mercantile system, 1650–1775; enforcement of the act led to growing resentment by colonists.

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