Question 1

Supply and demand determines the prices of commodities.

Accepted Answer

A) True 
 B)False

Question 2

Profit comes from:

Accepted Answer

A)  the value labor produces above necessary value 
B)  the stock market 
C)  interest rates 
D)  rental rates 
E)  none of the above 
A)  the value labor produces above necessary value 
B)  the stock market 
C)  interest rates 
D)  rental rates 
E)  none of the above

Question 3

Economics is a religion.

Accepted Answer

A) True 
 B)False

Question 4

People in systems of household production always welcome capitalism.

Accepted Answer

A) True 
 B)False

Question 5

Most of the value they produce is used for:

Accepted Answer

A)  reciprocity 
B)  subsistence 
C)  consumer goods 
D)  opium 
E)  savings 
A)  reciprocity 
B)  subsistence 
C)  consumer goods 
D)  opium 
E)  savings

Question 6

List the three main forms of exchange:

Accepted Answer

reciprocit

Question 7

It is ethnocentric to think of all economic systems involving market transactions.

Accepted Answer

A) True 
 B)False

Question 8

When labor is a commodity, its value is determined by:

Accepted Answer

A)  how hard people work 
B)  how much the people produce 
C)  the market 
D)  the value of commodities the people consume 
E)  the government 
A)  how hard people work 
B)  how much the people produce 
C)  the market 
D)  the value of commodities the people consume 
E)  the government

Question 9

Exchange value is quantitative.

Accepted Answer

A) True 
 B)False

Question 10

Lisu people use most of their labor to produce:

Accepted Answer

A)  corn 
B)  beans 
C)  rice 
D)  opium 
E)  pigs 
A)  corn 
B)  beans 
C)  rice 
D)  opium 
E)  pigs

Question 11

The middle class is a myth.

Accepted Answer

A) True 
 B)False

Supply and demand determines the prices of commodities.

Profit comes from:

Economics is a religion.

People in systems of household production always welcome capitalism.

Most of the value they produce is used for:

List the three main forms of exchange:

It is ethnocentric to think of all economic systems involving market transactions.

When labor is a commodity, its value is determined by:

Exchange value is quantitative.

Lisu people use most of their labor to produce:

The middle class is a myth.

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

Supply and demand determines the prices of commodities.

Profit comes from:

Economics is a religion.

People in systems of household production always welcome capitalism.

Most of the value they produce is used for:

List the three main forms of exchange:

It is ethnocentric to think of all economic systems involving market transactions.

When labor is a commodity, its value is determined by:

Exchange value is quantitative.

Lisu people use most of their labor to produce:

The middle class is a myth.

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