The Need to Exchange Goods with Others, Which Was a Major

question 16

Multiple Choice

The need to exchange goods with others, which was a major stimulus to the development of cities, was created by

• A) irrigation farming
• B) social hierarchy
• C) specialization of labor
• D) centralized authority

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Definitions:

Monetary Exchange

The process by which goods and services are bought and sold using money as a medium of exchange.

Likely

A term used to describe something that has a good chance of happening or being the case.

Direct Exchange

The process of trading goods or services directly for other goods or services without using a medium of exchange, such as money.

Goods And Services

The products and activities that satisfy human wants or needs, goods being tangible items and services being intangible.