A large number of new producers enter the market for selling children's sneakers.

Price will fall due to increased competition.

Which characteristic did the civilizations along Nile, Tigris&Euphrates, and Huang He share?

Developed in area of fertile soil and natural waterways

Why did ancient civilizations emerge near rivers? All answer this question EXCEPT:

Early cities became centers of production and commerce.

Country X can manufacture a product better and at a lower cost than Country Y. Draw conclusion.

Country X should sell that product to Country Y.

Basic form of writing, complex social institutions, skills in science & technology shows

Characteristics of a civilization

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Civilizations & Economics Review

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Questions 10

Answers

1
A large number of new producers enter the market for selling children's sneakers.
Price will fall due to decreased competition.
Price will rise due to decreased competition.
Price will rise due to increased competition.
Price will fall due to increased competition.
2
People want more things than they can buy and goods AND services are limited refers to
opportunity cost
scarcity
excessive wealth
imbalance of power
3
All of the following are the three questions of economics EXCEPT:
What to produce?
How to produce?
Who gets what is produced?
When to produce?
4
Which characteristic did the civilizations along Nile, Tigris&Euphrates, and Huang He share?
Developed in area of fertile soil and natural waterways
Made iron and steel tools
Outlawed practice of slavery
Monotheistic Beliefs
5
Pyramids, ziggurats, and grid-like city set ups show what about the civilizations?
Stopped growing their own food
Respected rights of their people
Developed special technologies
Monotheistic in their beliefs
6
What are cuneiform and hieroglyphics both examples of?
Religious temples
written forms of communication
Holy books of ancient Egypt
Inventions of the Chinese
7
Why did ancient civilizations emerge near rivers? All answer this question EXCEPT:
Early cities became centers of production and commerce.
Each river often provided water used to irrigate crops.
Each overflowing river deposited rich soil along its banks.
Rivers supplied a source of fresh water for drinking.
8
All of the following are economic systems (frameworks for answer questions of economics) EXCEPT
Traditional Economy
Subsistence Economy
Market Economy
Command Economy
9
Country X can manufacture a product better and at a lower cost than Country Y. Draw conclusion.
Country X has solved the problem of scarcity.
Country Y should try to produce the same product.
Country X should sell that product to Country Y.
Country X should discontinue making that product.
10
Basic form of writing, complex social institutions, skills in science & technology shows
Forms of communication
Elements of Neolithic culture
Types of government
Characteristics of a civilization

Civilizations & Economics Review Flashcards | StudBud