Prior to the Rise of Governments and Codification of Laws

question 19

Multiple Choice

Prior to the rise of governments and codification of laws, typical responses by injured parties and their kin were spontaneous acts of:

• A) revenge.
• B) battery.
• C) assault.
• D) violence.

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Definitions:

Robot Hours

The amount of time robots are operational and performing tasks in place of human labor.

Cost-output Elasticity

Cost-output elasticity measures the responsiveness of the cost of production to changes in the quantity of output produced, indicating the scale economies in production.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Marginal Cost

The expenditure required to produce an additional unit of a product.