ECON 4130 Final: ECON 4130 Exam 1 Review Study Guide
5 Oct 2018
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According to diamond: crops that were high-protein (wheat, sego and barley), easily stored (for preservation purposes, could be easily grown were favorable for economic development. The faster they mature and give birth, the faster and more populous the herd becomes for food and clothing purposes: social animals----diamond requires that animals were be social for domestication. Explain why the pace of development on the eurasian landmass was so much more rapid than in africa and the. Australia: very slow, hunter-gather economy lasted for a long time, no farmers, herders, writing, metal tools, limited government when the. It"s an ideal measure of social wealth. (6 points, 2 each) list three indicators of economic development other than. Economies experiencing a hyperinflation are generally in very fire straits. It"s a strong indicator for labor force"s ability to acquire new skills: (6 points, 2 each) explain in detail 3 weaknesses of per capita gnp (or gdp) as a measure of economic well-being.
