Which of the Following Reflects a Major Economic Difference Between

question 6

Multiple Choice

Which of the following reflects a major economic difference between sub-Saharan Africa and the rest of Afro-Eurasia?

• A) Sub-Saharan Africa was isolated from trade with the Nile Valley and North Africa.
• B) Sub-Saharan African agriculture was based on barley,not wheat or rice.
• C) Sub-Saharan Africans valued labor more than land because of the lack of plow agriculture.
• D) Sub-Saharan African land was held by chieftains who parceled it out to tenants to grow crops.

Identify the philosophical and ethical implications of freedom of choice.

Examine the relationship between freedom, responsibility, and morality.

Distinguish between various types of determinism and their criticisms.

Understand the role of individual character and social entities in defining freedom.

---

Definitions:

Capital Allocation Line

A graph showing all possible combinations of risk-free assets and a portfolio of risky assets, illustrating optimal portfolios based on expected return and risk.

Expected Rate of Return

The expected rate of return is the anticipated percentage increase or decrease in an investment over a specified time period.

Capital Allocation Line

A graph showing all possible combinations of risky and risk-free assets for an investor, representing different levels of expected risk and return.

Expected Utility

A theory in economics that assesses how choices provide a certain level of satisfaction or utility to individuals, under conditions of uncertainty.