Hunting and Gathering Societies That Generate Very Little Surplus Food

question 76

Multiple Choice

Hunting and gathering societies that generate very little surplus food and material property are described by sociologists as ________ economies.

• A) welfare
• B) capitalist
• C) subsistence
• D) socialist

Analyze patterns and consequences of government spending and savings on the economy.

Evaluate the effects of socioeconomic factors on life expectancy and public health.

Understand the impact of the industrial revolution on global productivity and economic growth.

Identify factors affecting labor productivity and economic performance in different countries.

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Definitions:

Updating Beliefs

The process of adjusting one's expectations or predictions based on new evidence or information.

Conservatism

In accounting, it is the principle of recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but only recognizing revenues when they are assured of being received.

Put-call Ratio

A metric used to measure market sentiment by dividing the number of traded put options by the number of traded call options.

Breadth

The extent to which movements in the broad market index are reflected widely in movements of individual stock prices.