In Archaeologist V

question 52

Multiple Choice

In archaeologist V. Gordon Childe's view, class societies developed:

• A) where groups outgrew their territories and waged war against their neighbors
• B) everywhere writing was developed
• C) first in Mesopotamian city-states, and diffused from there to other world cultures
• D) where trade concentrated wealth in the hands of a few

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Definitions:

Scarcity

Refers to the basic economic problem of having seemingly unlimited human wants in a world of limited resources.

Economics

The social science that studies the production, distribution, and consumption of goods and services.

Physical Capital

Assets owned by a business that are tangible and can be used in the production process, such as machinery, buildings, and equipment.

Microsoft Stock

Equity shares representing ownership in Microsoft Corporation, a major technology company.