In 727 BCE

question 61

Multiple Choice

In 727 B.C.E., King Piye conquered and unified Egypt from his home kingdom of

• A) Kush.
• B) Phoenicia.
• C) Persia.
• D) Babylonia.

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Definitions:

Technology Fixed

A scenario in economic models where the level of technology is assumed to remain constant, ignoring any potential technological advancements or changes.

Unemployment

The condition of being without a job, while actively looking for work.

Production Possibilities

The various combinations of goods and services that an economy can produce when all its resources are fully and efficiently employed, illustrated by the production possibilities frontier.

Capital Goods

Assets utilized by businesses to create wealth through the manufacturing of goods and services, including buildings and tools.