Pastoral Societies Are Based on the Domestication of Animals

question 57

Multiple Choice

Pastoral societies are based on the domestication of animals. In addition, they are characterized by

• A) having no material wealth.
• B) being nomadic.
• C) their location in rich farmlands.
• D) a lack of any division of labor.

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Definitions:

Total Surplus

The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of a good or service.

Gains From Trade

Gains achieved by dividing tasks and trading; in this way people can get more of what they want through trade than they could if they tried to be self-sufficient.

Total Surplus

The sum of consumer surplus and producer surplus; a measure of the total benefit to society from a market transaction.

Consumer Surplus

The differential between consumers’ readiness to pay a certain amount for a service or good and the payment completed.