Intensive Subsistence Agriculture

question 117

Multiple Choice

Intensive subsistence agriculture

• A) is used primarily in parts of the world with small populations.
• B) involves more human labour than swidden agriculture.
• C) usually achieves only low productivity.
• D) is most commonly practiced in areas with little rainfall.
• E) relies on chickens and geese as draft animals.

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Definitions:

Utility-Maximizing

Represents the economic principle where individuals or firms make choices that result in the highest possible level of satisfaction or efficiency within their constraints.

Lender

An individual, institution, or entity that provides funds to another with the expectation that the funds will be repaid, often with interest.

Utility Function

A mathematical representation that ranks an individual's preferences over a set of goods and services.

Interest Rate

The share of a loan subject to interest charges to the borrower, typically denoted as an annual percentage of the loan's outstanding sum.