Which of the Following Produces a Surplus in Order to Sell

question 72

Multiple Choice

Which of the following produces a surplus in order to sell on the market?

• A) foragers
• B) swidden farmers
• C) horticulturalists
• D) agriculturalists

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Definitions:

Marginal Rate

The rate at which one quantity changes relative to a change in another quantity.

Substitution

The economic principle where consumers replace pricier items with less expensive alternatives when prices rise or their purchasing power decreases.

Indifference Curve

This is a graph representing different bundles of goods between which a consumer is indifferent, meaning that each combination offers the same level of utility to the consumer.

Indifference Curves

Graphical representations in microeconomics showing different bundles of goods between which a consumer is indifferent.