What Was One of the Most Important Reasons for the Economic

question 48

Multiple Choice

What was one of the most important reasons for the economic decline in the third century C.E.?

• A) massive crop failures.
• B) invasions of the Huns.
• C) reduced amount of precious metals in the coins by the emperors.
• D) the transition to a wage economy.
• E) inability to efficiently collect taxes within the empire.

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Definitions:

Risk Averse

A preference for certainty over uncertainty with regards to outcomes, particularly in the context of financial decisions.

Certain Income

An assured or guaranteed stream of income, usually referring to investments with fixed returns.

Probability

A measure of how likely it is for an event to occur, expressed as a number between 0 and 1, with 1 indicating certainty.

Investments

Assets or items acquired with the goal of generating income or appreciation in value over time.