Which of the Following Is NOT a Characteristic of Preindustrial

question 17

Multiple Choice

Which of the following is NOT a characteristic of preindustrial economies?

• A)In hunting and gathering societies,the production units are small and most goods are produced by family members.
• B)In horticultural and pastoral societies,the economy becomes distinct from family life.
• C)Most workers engage in primary sector production in preindustrial economies.
• D)The distribution process becomes less complex with the accumulation of a surplus.

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Definitions:

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs produced to inputs used.

Hourly Wage

The hourly wage an employee receives for their work.

Equilibrium Purchase Price

The price at which the quantity of goods demanded by consumers equals the quantity of goods supplied by producers.

Marginal Product

The boost in production resulting from one more unit of input, while keeping other inputs unchanged.