If the Greek Historian Herodotus Had Known of the Harappan

question 42

Multiple Choice

If the Greek historian Herodotus had known of the Harappan society,he might have used the phrase "the gift of the ________" to describe it.

• A) Nile
• B) Tigris
• C) Indus
• D) Yangtze
• E) Euphrates

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Definitions:

Economic Goods

Products or services that have a positive economic value and thus are subject to scarcity, requiring consumers to make choices about their allocation.

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Economic Efficiency

A situation where resources are utilized in such a manner that maximizes the satisfaction of needs and wants with minimal waste or inefficiency.

Public Good

A public good is a commodity or service that is made available to all members of a society, typically free of charge, funded by taxes, and characterized by non-excludability and non-rivalry.