Statement I: a Society in Which Everyone Is Self-Sufficient Will

question 61

Multiple Choice

Statement I: A society in which everyone is self-sufficient will generally have a higher standard of living than one in which everyone specializes in a particular type of work.
Statement II: People can specialize only if there is a well-developed system of exchange.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Round Off

The process of adjusting numbers to their nearest value, often to simplify figures in financial and mathematical calculations.

Decimal Places

The positions or digits to the right of the decimal point in a decimal number, indicating fractions of a whole.

Divide

To Divide means to split or separate a number or quantity into two or more parts, often to distribute it evenly or to calculate a ratio or proportion.

Word Processing

The use of computer software to create, edit, and print documents.