Climate Change at the End of the Last Ice Age

question 42

Multiple Choice

Climate change at the end of the last Ice Age had the effect of

• A) creating conditions that were stable around the world and favorable to agriculture.
• B) beginning a divide between more innovative thinkers who adopted agriculture and more conservative ones who retained hunting and gathering.
• C) causing climatic instability that created a common, conservative mentality among early farmers and hunters.
• D) forcing many people to question their ancient traditions.

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Definitions:

Beta

A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates greater volatility than the market.

Heterogeneous Expectations

A financial theory assumption that different investors have varied predictions about future market or asset performance.

Holding Period

The duration between the purchase and sale of a security or investment.

Price Takers

Parties in a market who accept prevailing prices because they have no power to influence the market price due to their small scale of operations or the competitive nature of the market.