Answer:
C. A major economic crisis involving bank failures, foreclosure and unemployment.
the answer is actully the committee of five. i just took the quiz
Hardly found anymore, a bases economic activity on customs and traditions.
The statement above is the definition of a Traditional Economy.
- This is because Traditional Economy is characterized by the customs and traditions of the locals.
- It is also characterized by the barter system.
- It is hardly found in any modern society today.
Hence, in this case, the correct answer is Traditional Economy.
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