While Many Factors Fed 'Intensification,' It Is Widely Agreed That

question 34

Multiple Choice

While many factors fed 'intensification,' it is widely agreed that 'intensification' began first and foremost in response to:

• A) climate change and resulting scarcity.
• B) large population increases.
• C) a desire to conquer other peoples.
• D) the human instinct for ownership.
• E) the need for social cohesion.

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Definitions:

Amortized

The process of gradually writing off the initial cost of an asset over a period.

Interest Paid

This is the amount of money paid by a borrower to a lender in return for the use of borrowed money, usually expressed as a percentage of the principal.

Effective Rate

The actual interest rate an investor earns or pays on an investment or loan, taking into account the effect of compounding.

Nominal Rate

Nominal Rate is the interest rate before adjustments for inflation, reflecting the actual monetary cost of borrowing.