Some 7,000 Years Ago, Native American Environmental Engineering Produced the Nourishing

question 22

Multiple Choice

Some 7,000 years ago, Native American environmental engineering produced the nourishing staple crop called

• A)millet.
• B)the potato.
• C)maize.
• D)soybeans.

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Definitions:

Maximum Willingness

The highest amount an individual or entity is ready to pay for a good or service.

Individual Pays

A principle where the cost of a service or good is borne by the individual who consumes or uses it, rather than by society or an organization.

Aggregate Demand Curve

Describes the buying behavior of a group of consumers. We add up all the individual demand curves to get an aggregate demand curve (the relationship between the price and the number of purchases made by a group of consumers).

Total Demand

Represents the entire quantity of a certain product or service that consumers in a market are willing and able to purchase at a given price level.