Question 1

Discuss the main differences between firms and households as units of production.

Accepted Answer

Firms and households are two distinct un

Question 2

All useful things are the product of someone's labor.

Accepted Answer

A) True 
 B)False

Question 3

In market exchange, people exchange things for:

Accepted Answer

A)  other things of equal value 
B)  things of greater value 
C)  promises to repay later 
D)  money 
E)  services 
A)  other things of equal value 
B)  things of greater value 
C)  promises to repay later 
D)  money 
E)  services

Question 4

Political offices have never been commodities in Illinois.

Accepted Answer

A) True 
 B)False

Question 5

To do well on this exam you should answer the questions the way an economist would.

Accepted Answer

A) True 
 B)False

Question 6

Use value is quantitative.

Accepted Answer

A) True 
 B)False

Question 7

Sometimes justice is a commodity.

Accepted Answer

A) True 
 B)False

Question 8

If people produce more than the value of their own wages, it is called:

Accepted Answer

A)  necessary value 
B)  surplus value 
C)  use value 
D)  exchange value 
E)  special value 
A)  necessary value 
B)  surplus value 
C)  use value 
D)  exchange value 
E)  special value

Question 9

An example of redistribution is

Accepted Answer

A)  Christmas presents 
B)  graduation presents 
C)  wedding gifts 
D)  sales 
E)  taxes 
A)  Christmas presents 
B)  graduation presents 
C)  wedding gifts 
D)  sales 
E)  taxes

Question 10

Redistribution is based on:

Accepted Answer

A)  the use of force 
B)  the power to tax 
C)  reciprocity 
D)  kinship 
E)  agriculture 
A)  the use of force 
B)  the power to tax 
C)  reciprocity 
D)  kinship 
E)  agriculture

Question 11

What does it mean to say that the value of labor is the labor it contains?

Accepted Answer

The phrase "the value of labor is the la

Question 12

List the three elements of any economic system:

Accepted Answer

consumptio

Question 13

In a system of household production, twice the productivity means half the drudgery.

Accepted Answer

A) True 
 B)False

Question 14

Reciprocity means:

Accepted Answer

A)  fair compensation 
B)  bargaining for a good deal 
C)  you give as much as you receive 
D)  there's always a kickback 
E)  let the buyer beware 
A)  fair compensation 
B)  bargaining for a good deal 
C)  you give as much as you receive 
D)  there's always a kickback 
E)  let the buyer beware

Question 15

Exchange value is:

Accepted Answer

A)  what a commodity is useful for 
B)  how much money a commodity can be sold for 
C)  the value of the labor it takes to produce a commodity 
D)  determined by supply and demand 
E)  all of the above 
A)  what a commodity is useful for 
B)  how much money a commodity can be sold for 
C)  the value of the labor it takes to produce a commodity 
D)  determined by supply and demand 
E)  all of the above

Question 16

Discuss the distinction between necessary value and surplus value.

Accepted Answer

The distinction between necessary value

Question 17

The point about the joke about the economist in the pit with the historian and the anthropologist is that economists:

Accepted Answer

A)  are always happy 
B)  are real climbers 
C)  make lots of assumptions 
D)  can't communicate very well 
E)  believe in holism 
A)  are always happy 
B)  are real climbers 
C)  make lots of assumptions 
D)  can't communicate very well 
E)  believe in holism

Question 18

Labor can be a commodity.

Accepted Answer

A) True 
 B)False

Question 19

Why is it important to develop an etic approach to economics instead of an emic one?

Accepted Answer

It is important to develop an etic appro

Question 20

The value of labor is determined by the market.

Accepted Answer

A) True 
 B)False

Discuss the main differences between firms and households as units of production.

All useful things are the product of someone's labor.

In market exchange, people exchange things for:

Political offices have never been commodities in Illinois.

To do well on this exam you should answer the questions the way an economist would.

Use value is quantitative.

Sometimes justice is a commodity.

If people produce more than the value of their own wages, it is called:

An example of redistribution is

Redistribution is based on:

What does it mean to say that the value of labor is the labor it contains?

List the three elements of any economic system:

In a system of household production, twice the productivity means half the drudgery.

Reciprocity means:

Exchange value is:

Discuss the distinction between necessary value and surplus value.

The point about the joke about the economist in the pit with the historian and the anthropologist is that economists:

Labor can be a commodity.

Why is it important to develop an etic approach to economics instead of an emic one?

The value of labor is determined by the market.

Science Basics

Human Variation: Race and Gender

From Inside and Out

Political Systems

Stratification Without a State: Medieval Iceland

How States Work

The Anthropology of Religion

Political Economy

Class

Back to the Land

Global Processes, Local Systems

Connecting the People to the System

Anthropology Goes to Work

The End Is Near

Filters

Exam 4: An Anthropological Approach to Economics

Discuss the main differences between firms and households as units of production.

All useful things are the product of someone's labor.

In market exchange, people exchange things for:

Political offices have never been commodities in Illinois.

To do well on this exam you should answer the questions the way an economist would.

Use value is quantitative.

Sometimes justice is a commodity.

If people produce more than the value of their own wages, it is called:

An example of redistribution is

Redistribution is based on:

What does it mean to say that the value of labor is the labor it contains?

List the three elements of any economic system:

In a system of household production, twice the productivity means half the drudgery.

Reciprocity means:

Exchange value is:

Discuss the distinction between necessary value and surplus value.

The point about the joke about the economist in the pit with the historian and the anthropologist is that economists:

Labor can be a commodity.

Why is it important to develop an etic approach to economics instead of an emic one?

The value of labor is determined by the market.

Science Basics

Human Variation: Race and Gender

From Inside and Out

Political Systems

Stratification Without a State: Medieval Iceland

How States Work

The Anthropology of Religion

Political Economy

Class

Back to the Land

Global Processes, Local Systems

Connecting the People to the System

Anthropology Goes to Work

The End Is Near

Filters