What Was the Second Most Important Crop, After Corn, for Native

question 61

Multiple Choice

What was the second most important crop, after corn, for Native Americans in the southwestern region?​

• A) wheat​
• B) ​potatoes
• C) ​hominy
• D) ​beans
• E) ​soy

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Definitions:

Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.

Raise Price

An action by sellers to increase the cost of goods or services, often in response to higher demand or increased production costs.

Cournot Model

The Cournot Model is an economic theory that describes an industry structure where companies compete on the quantity of output they will produce, affecting the market price.

Rivals' Reactions

In business strategy and economics, the anticipated responses or actions of competing entities in reaction to a company's decisions or changes in the marketplace.