Before Humans Settled Down into an Agricultural Lifestyle, the Infant

question 29

Multiple Choice

Before humans settled down into an agricultural lifestyle, the infant mortality rate was probably about

• A)5%.
• B)20%.
• C)35%.
• D)50%.

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Definitions:

Markets Fail

Occurs when a market economy does not efficiently allocate resources, leading to outcomes like monopolies, public goods issues, or externalities.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefits to society or the economy.

Efficiency

A measure of how well resources are used to achieve a goal, minimizing waste.

Incentives

Financial or non-financial rewards offered to encourage specific behaviors or actions among individuals or organizations.