The Cradle of Chinese Civilization

question 31

Multiple Choice

The cradle of Chinese civilization

• A) centered on the great Northern Plain's grasslands, where millet grew abundantly.
• B) lay south of the Yangtze River's swamplands, where there were many rice farms.
• C) was the Yellow River valley, where rich soils made a wide variety of crops possible.
• D) began along the Yangtze River, but over time became centered around the Yellow River valley.
• E) actually began with non-Chinese peoples who were still hunter-gatherers.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a balance in the market.

Consumer Preference

The inclination of consumers toward certain products or services over others based on their characteristics, such as taste, quality, and price.

Equilibrium

An equilibrium in the market where demand matches supply, thereby stabilizing prices.

General Equilibrium

An economic condition where supply and demand are balanced across all markets in the economy, leading to an optimal distribution of resources.