Thucydides Was a Forerunner of More Recent Historians in That

question 5

Multiple Choice

Thucydides was a forerunner of more recent historians in that he was concerned with

• A)cause and effect.
• B)the role of the gods in war.
• C)interviewing the participants in the war with Persia.
• D)the primary sources in the library at Alexandria.

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Definitions:

Equilibrium Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded.

Labor Demand Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor that employers are willing to hire.

Purely Competitive Seller

A seller operating in a market where goods are homogeneous, and there are no barriers to entry, allowing for many competitors.

Derived Demand

Demand for a factor of production or intermediate good that occurs as a result of the demand for another related final good or service.