Which One of the Following Is True About Native Americans

question 49

Multiple Choice

Which one of the following is true about Native Americans and material wealth?

• A) Chiefs were expected to share some of their goods rather than hoard them.
• B) Eastern Native Americans were more materialistic than those who lived west of the Mississippi.
• C) Wealth mattered less to them than to Europeans,but inherited social status was equally important to both peoples.
• D) Native Americans actually suffered more social inequality than Europeans did.
• E) Native Americans had no material wealth.

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Definitions:

Society's Viewpoint

The collective perceptions, attitudes, and values of a community or society regarding various issues.

Marginal Revenue Product (MRP)

The change in a firm’s total revenue when it employs 1 additional unit of a resource (the quantity of all other resources employed remaining constant); equal to the change in total revenue divided by the change in the quantity of the resource employed.

Land

In addition to the part of the earth’s surface not covered by water, this term refers to any and all natural resources (“free gifts of nature”) that are used to produce goods and services. Thus, it includes the oceans, sunshine, coal deposits, forests, the electromagnetic spectrum, and fisheries. Note that land is one of the four economic resources.

Demand Curve

A curve that illustrates the demand for a product by showing how each possible price (on the vertical axis) is associated with a specific quantity demanded (on the horizontal axis).