Which of the Following Is a Significant Intellectual Advance of Early

question 14

Multiple Choice

Which of the following is a significant intellectual advance of early urban enclaves?

• A) wheeled carts
• B) sails
• C) writing systems
• D) metallurgy

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Definitions:

Marginal Propensity

The ratio of the change in an aggregate economic quantity to an adjustment in some causal variable, particularly the change in consumption resulting from a change in income.

U.S. Price Level

A measure of the average prices of goods and services across the United States economy, indicating the purchasing power of money in the U.S.

Net Exports

The value of a country's total exports minus its total imports, representing the net trade of goods and services with foreign countries.

Price Level

The price level is an index that measures the average prices of goods and services across an economy, indicative of inflation or deflation.