Which of the Following Was Characteristic of the Emergence of Industrial

question 33

Multiple Choice

Which of the following was characteristic of the emergence of industrial societies?

• A) Families and communities could not continue to function as self-sufficient units.
• B) Individuals, villages, and regions began to exchange goods and services and become interdependent.
• C) Formal educational institutions developed.
• D) All of these answers are correct.

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Definitions:

Marginal Benefits

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Net Benefit

The total benefits of a decision or action minus the total costs associated with that decision or action.

Marginal Cost

The expense associated with manufacturing an extra unit of a product.

Marginal Benefits

The extra advantages or utilitarian value derived from consuming an additional unit of a product or service, highlighting consumer preferences.