The First Homo Sapiens Appeared Between _________ Years Ago

question 7

Multiple Choice

 The first Homo sapiens appeared between _________ years ago.

• A) 4 million and 5 million
• B) 1 million and 2 million
• C) 300,000 and 500,000
• D) 100,000 and 200,000

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Definitions:

Utility Function

A mathematical representation of how consumers derive satisfaction or utility from consuming goods and services.

Goods

Tangible products or items that satisfy human wants or needs.

Budget Constraint

An economic model that represents all the combinations of goods and services that a consumer can afford with a fixed amount of income.

Goods

Physical items that are produced and consumed by individuals or businesses to satisfy needs or wants.