Final answer:
In a traditional economy, economic activities are based on traditions with family occupations often staying the same across generations, resulting in minimal economic progress. The correct answer is that everyone pools resources in a manner akin to a hunter-gatherer tribe.
Step-by-step explanation:
A traditional economy is a system where economic activities are based on customs, history, and time-honored beliefs. Societies with traditional economies typically have occupations that are passed down through families, and most of these families engage in agricultural practices using traditional methods. In such an economy, what families produce is typically what they consume, resulting in minimal trade or market exchange. The flow of life and economic activities in a traditional economy is driven by tradition, which leads to little to no economic progress or development. Traditional economies exist in certain parts of Asia, Africa, and South America.
Regarding the multiple-choice options provided in the question, the correct one is B. Everyone pools resources like a hunter-gatherer tribe. This is because traditional economies often involve community or family-based production and consumption, which can resemble the collective nature of a hunter-gatherer society, where resources are shared among the group.