__________ Are Based on Technology That Mechanizes Production

question 8

Multiple Choice

__________ are based on technology that mechanizes production. New technologies, such as cars, computers, electric lights, stereos, and cell phones, are products of these societies.

• A) Agrarian societies
• B) Industrial societies
• C) Horticultural and pastoral societies
• D) Hunting and gathering societies

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Definitions:

Import Quotas

Government-imposed limits on the quantity or value of goods that can be imported into a country.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and a significant fall in economic activity.

Terms of Trade

The ratio at which a country can exchange exports for imports; it reflects the value of a country's exports relative to its imports.

Production Possibilities Curves

A graphical representation that shows the maximum number of goods or services that can be produced with limited resources.