Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
The shift from feudalism to capitalism in Europe
B
The invention of the wheel
C
The discovery of fire
D
The establishment of the Roman Empire
Understanding the Answer
Let's break down why this is correct
Answer
One significant example of resource allocation in history that greatly impacted economic development is the discovery of gold in California in 1848. When gold was found, many people rushed to California in search of wealth, leading to a massive migration known as the Gold Rush. This influx of people created a demand for goods and services, which stimulated local businesses and led to the development of towns and infrastructure, like roads and railways. As resources shifted towards mining and supporting industries, California transformed from a sparsely populated area into a thriving economy. This example shows how reallocating resources, such as labor and capital, can lead to rapid economic growth and development.
Detailed Explanation
This change allowed people to own businesses and trade freely. Other options are incorrect because While the wheel was important for transport, it didn't directly change how resources were shared in society; Fire helped humans survive and cook food, but it didn't affect how resources were managed in economies.
Key Concepts
resource allocation
Topic
Resource Shifts in History
Difficulty
easy level question
Cognitive Level
understand
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