Answer:
Opportunity cost is the cost of the next-best option. It is something important to know.
Explanation:
In microeconomic theory, opportunity cost is the loss or the benefit that could have been enjoyed if the best alternative choice was chosen. As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure the efficient use of scarce resources.
Please mark brainliest.
As Genghis began building his empire, he realized the Mongol army would need many things: bows and arrows, swords and spears for war, tack for the horses, leather for armor and, once it was discovered that silk worn under leather could prevent an arrow from penetrating the body, silk clothing. Genghis Khan also needed people who could read and write to administrate the lands coming under his sway. The Mongols needed trade as never before.
To facilitate trade, Genghis offered protection for merchants who began to come from east and west. He also offered a higher status for merchants than that allowed by the Chinese or Persians who despised trade and traders. .During the Mongol Empire, merchants found protection, status, tax exemption, loans and consistent aid from the Khans. For the 100 years of the height of the Empire, the East-West Mongol trade routes became the fabled Silk Road which for the first time linked Europe to Asia, allowing the free flow of ideas, technologies and goods.
The Mongols not only offered the use of the Yam system to merchants, but set up protective associations for them called Ortogh. Instead of extortionist tax rates, the Mongols gave traders tax exemption. Genghis offered a form of passport to merchants that gave allowed them to safely travel along the Silk Road. The Mongols even loaned money at low interest to merchants. If paper money was used as currency, it was backed with silk and precious metals.
Answer:
OPIUM WARS
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WRITTEN BY
Kenneth Pletcher
Ken Pletcher was Senior Editor, Geography and History for Encyclopædia Britannica. He holds an M.A. in Japanese studies from the University of Illinois at Urbana-Champaign. As part of his master's program,...
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Opium Wars, two armed conflicts in China in the mid-19th century between the forces of Western countries and of the Qing dynasty, which ruled China from 1644 to 1911/12. The first Opium War (1839–42) was fought between China and Britain, and the second Opium War (1856–60), also known as the Arrow War or the Anglo-French War in China, was fought by Britain and France against China. In each case the foreign powers were victorious and gained commercial privileges and legal and territorial concessions in China. The conflicts marked the start of the era of unequal treaties and other inroads on Qing sovereignty that helped weaken and ultimately topple the dynasty in favour of republican China in the early 20th century.
For question #3 that answers are A & D
( Not B & C )
The first highlighted paragraph