Discuss the Significance of Trade for the Pre-Columbian North American

question 43

Essay

Discuss the significance of trade for the pre-Columbian North American civilizations.  Include information on the possible trade aspects of Chaco Canyon and the Southwest Amerindian groups as well as the trade aspects of the Woodland Civilizations.

Understand the principles of input mixing in production to achieve optimal output levels.

Analyze the implications of short-run and long-run cost functions on firm production and expansion paths.

Understand the relationship between cost-output elasticity and firm’s production technology.

Grasp the concept of economies and diseconomies of scale and scope through graphical analysis and strategic production decisions.

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Definitions:

Orbitofrontal Cortex

The part of the frontal lobe involved in decision making and processing of reward-related stimuli.

Hypothalamus

A small region at the base of the brain responsible for hormone production, regulation of body temperature, hunger, thirst, and circadian rhythms.

Curt Richter

An American psychologist known for his work in biological rhythms and the study of homeostasis in animals.

Suprachiasmatic Nucleus

A tiny region of the brain in the hypothalamus responsible for controlling circadian rhythms.