All of the Following Were Characteristics of the Mongols EXCEPT

question 17

Multiple Choice

All of the following were characteristics of the Mongols EXCEPT

• A)They were a relatively small group of steppe nomads.
• B)They survived off livestock herding and hunting.
• C)Horses were important in the culture for food and transportation.
• D)They lived in horse-hair felt-tent-like structures.
• E)The highest level of leadership was the clan.

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Definitions:

Marginal Utility

The boost in satisfaction or usefulness experienced from consuming another unit of a product or service.

Utility Maximizing

The principle that individuals or firms seek to achieve the highest level of satisfaction or benefit from their choices with the resources available.

Utility Maximizes

Refers to the economic principle that individuals or firms seek to obtain the greatest satisfaction from their actions, with the objective of maximizing benefits while minimizing costs.

Indifference Curve

A graphical representation showing different combinations of goods among which a consumer is indifferent.