In India, There Are an Estimated 150,000 Largely Forest-Dwelling Peoples

question 42

Multiple Choice

In India, there are an estimated 150,000 largely forest-dwelling peoples officially classified by the government as "primitive tribal groups." These groups derive much of their subsistence from foraging and fall under the category

• A)pastoral.
• B)hunting and gathering.
• C)agricultural.
• D)horticultural.

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Definitions:

Short-Run Aggregate Supply Curve

It depicts the relationship between the price level and the quantity of goods and services that firms are willing and able to produce in the short run, while some production costs are fixed.

Long-Run Aggregate Supply Curve

A graphical representation showing the relationship between the overall price level and the total output produced by an economy when all factors of production are variable.

Sticky Price Theory

An economic theory suggesting that prices of goods do not adjust immediately to changes in supply and demand, leading to disequilibrium in the market.

Sticky Wage Theory

The hypothesis that wages do not adjust quickly to changes in economic conditions, leading to unemployment and other inefficiencies.