All of the Following Are True of Nomadic Herders and Livestock

question 147

Multiple Choice

All of the following are true of nomadic herders and livestock ranchers EXCEPT:

• A) They specialize in animal husbandry.
• B) They raise only sheep and cattle.
• C) They typically do not raise crops.
• D) Nomadic herders are mobile, while livestock ranchers are sedentary.

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Definitions:

Endowment Effect

A cognitive bias in which individuals value an owned object higher than its market value, simply because they own it.

Affect Heuristic

A mental shortcut that influences decision-making based on emotions and feelings.

Street Smarts

Practical knowledge and experience in dealing with everyday situations or challenges, often contrasted with book learning.

Business Decisions

The choices made by the management of a company regarding strategic planning, operations, and policies.