Looking at Map (In the Textbook) 2

question 36

Essay

Looking at Map (in the textbook) 2.1, show the extent of the trading networks developed by ancient civilizations, and list the most important goods imported and exported. Examining geography and goods traded, can you draw any conclusions about how a civilization emerges? Is it influenced by other regions, or does it emerge independently?

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Definitions:

Substitute Factor

An input or factor of production that can be used in place of another to produce a good or service.

Final Product

A good or service that is consumed by the end-user and does not require any further processing.

Marginal Revenue Product Schedule

A chart that shows the additional revenue generated from employing one more unit of a resource.

Marginal Physical Product

The additional output resulting from the use of one more unit of a variable input, keeping all other inputs constant.