Inventions Like Gunpowder and the Wheelbarrow Were Created by the Chinese

question 146

Multiple Choice

Inventions like gunpowder and the wheelbarrow were created by the Chinese hundreds of years ago.The fact that such items were not put to productive use was caused primarily by a lack of ____.

• A)available financial capital
• B)incentives for entrepreneurship
• C)an adequate price system
• D)ingenuity

Recognize the importance of integrating clients' spiritual and cultural backgrounds into the counseling process.

Acknowledge the impact of societal and personal biases on counseling practice.

Understand the role of consultation in addressing ethical dilemmas.

Apply ethical guidelines to various counseling scenarios, including handling value conflicts.

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Definitions:

Goods and Services

The physical items (goods) and intangible assistance or activities (services) that fulfill the needs or wants of consumers, forming the basis of all economic activities.

Comparative Advantage

The capacity of a country or firm to produce a particular good or service at a lower marginal and opportunity cost over another.

Absolute Advantage

The ability of a country or entity to produce a good or service more efficiently (using fewer resources) than another country or entity.

Specialization

Refers to the process of focusing resources on specific activities, tasks, or areas of expertise to increase efficiency and productivity.