A Pastoral Society Is Unlike a Forging Society Because

question 42

Multiple Choice

A pastoral society is unlike a forging society because

• A) a pastoral society lacks a division of labor.
• B) a pastoral society is less complex.
• C) a pastoral society develops a division of labor.
• D) a pastoral society lacks surplus.

---

Definitions:

Input Markets

Marketplaces where firms buy resources, goods, and services necessary for producing their own products or services.

Output Markets

Markets where goods and services produced by businesses are sold to households, government entities, and other businesses.

General Equilibrium

A state in which all markets in an economy are in simultaneous equilibrium, taking into account the interactions between different markets.

Consumer Preference

The tendencies of consumers to favor certain products or services over others based on personal tastes, values, and experiences.