An Example of Indigenous Knowledge Is __________

question 76

Multiple Choice

An example of indigenous knowledge is __________.

• A)how much rainfall to expect and when to expect it
• B)what foods grow best in what conditions
• C)how types of soil differ
• D)how to prevent insects from destroying crops
• E)all of the above

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Definitions:

Free Market

An economic system where prices for goods and services are determined by the open market and by consumers, with minimal government intervention.

Market Price

Today's rate at which one can sell or buy a service or asset.

Not Binding

A term used to describe a situation where a constraint or limit (such as a price ceiling or floor) does not affect the equilibrium outcome of the market.

Equilibrium Price

The market price where the quantity of goods supplied equals the quantity of goods demanded.