Studies Have Shown That Many Foraging and Small-Scale Horticultural Societies

question 13

Multiple Choice

Studies have shown that many foraging and small-scale horticultural societies work just a few hours a day on subsistence and have much more leisure time than workers in complex societies. Which of the following statements explains this model?

• A) Any surplus food these societies collect or produce cannot be stored for long and will rot.
• B) These societies value leisure activities as more appropriate pursuits than labor.
• C) Members of these societies are lazy and have no interest in work.
• D) These groups have political authorities that would collect surpluses for their own use.

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Definitions:

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, bank deposits, and other liquid assets.

Money Demand Curve

A graph showing the relationship between the quantity of money that people hold and the interest rate, indicating how the demand for money changes as interest rates vary.

Price Level

The general level of prices for goods and services in an economy, often measured by a price index.

Federal Reserve

The central banking system of the United States, which conducts the nation's monetary policy, regulates banks, maintains the stability of the financial system, and provides financial services to depository institutions, the U.S. government, and foreign official institutions.