The Belief That Polynesians Traveled as Far as Chile Has

question 18

Multiple Choice

The belief that Polynesians traveled as far as Chile has been reinforced by the discovery of

• A)A Polynesian canoe in Chile.
• B)Chicken bones in Chile.
• C)Chocolate beans in Tahiti.
• D)Lapita pottery, found in Chile.
• E)A successful Atlantic expedition sailing from Chile to Tahiti.

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Definitions:

Surplus

The situation in which the quantity supplied of a good exceeds the quantity demanded at a given price.

Quantity Demanded

The overall quantity of a product or service that buyers are ready to buy at a specific price.

Quantity Supplied

How much of a product or service that sellers are willing and able to transact at a given price level.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded; it is the price that clears the market.