The Minoans

question 24

Multiple Choice

The Minoans:

• A) engaged in piracy to obtain needed goods.
• B) were civil servants in a redistributive economy,not warriors.
• C) wrote tablets in Linear A to record their economic transactions.
• D) can be identified as non-Greek allies of the Hittites and Egyptians.
• E) were a warrior peoples who conquered most of the eastern Mediterranean.

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Definitions:

Business Income

Income earned from the operation of a business or the sale of goods and services.

High-wage Country

A country characterized by relatively high levels of wages for its workers compared to other nations.

Demand for Labor

The total amount of workers that employers want to hire at a given wage rate, in a given period.

Return on Capital

A measure of a company's profitability, calculated as the profit generated by its capital investment, often expressed as a percentage.