Question 1

What are three characteristics of modern money?

Accepted Answer

Modern money, which is used in contemporary economies around the world, has several key characteristics that distinguish it from other forms of value or barter systems that were used in the past. Three important characteristics of modern money are:

1. **Durability**: Modern money must be able to withstand physical wear and tear since it is used repeatedly in transactions. Paper currency is made from a blend of cotton and linen for increased durability, while coins are made from metal alloys that resist corrosion and wear. In the case of digital or electronic money, durability refers to the robustness of the systems that store and transfer monetary value, ensuring that records are not easily lost or corrupted.

2. **Divisibility**: Money must be easily divisible into smaller units to facilitate transactions of varying sizes. This characteristic allows for precise pricing and makes it possible to purchase both low-cost and high-cost goods and services. Modern currencies are typically divided into smaller units (like dollars into cents, pounds into pence, or euros into cents), allowing for transactions that can range from a few cents to millions of dollars with the same currency.

3. **Acceptability**: For money to function effectively, it must be widely accepted by people and institutions as a medium of exchange. This means that individuals, businesses, and governments are willing to accept it in exchange for goods, services, or to settle debts. The acceptability of modern money is often backed by the trust and confidence in the issuing government or monetary authority, and it is recognized as legal tender within the country or economic zone where it is issued.

Other characteristics that are often associated with modern money include portability (easy to carry and transfer), uniformity (standardized in appearance and value), limited supply (regulated by monetary authorities to maintain value), and fungibility (each unit is interchangeable with another of the same value). These characteristics together enable money to serve its primary functions as a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.

Question 2

London, San Francisco, Sweden, and Italy are examples of industrialized/digital economy cities or countries that have taken steps to reduce __________.

Accepted Answer

consumerism

Question 3

The income and other effects of gaming in California are so substantial for Indians and their neighbors that the gap is nearly closed between conditions on Indian reservations and those for most Americans.

Accepted Answer

A) True 
 B)False  False

Question 4

Tokyo's Tsukiji fish market __________.

Accepted Answer

A) sells only to individual customers 
B) is declining in importance due to globalization 
C) is the largest fish market in the world 
D) allows only Japanese people to spend time in the market 
E) posts all fish prices on cardboard signs 
A) sells only to individual customers 
B) is declining in importance due to globalization 
C) is the largest fish market in the world 
D) allows only Japanese people to spend time in the market 
E) posts all fish prices on cardboard signs

Question 5

Among most agricultural societies sharing within the group is the norm.

Accepted Answer

A) True 
 B)False

Question 6

A pure gift is _________.

Accepted Answer

A) the predominant form of exchange among foragers 
B) something that is given only once 
C) something for which a "return" is not expected or calculated 
D) when reciprocity is immediate and completely balanced 
E) the most common form of exchange in all modes of livelihood 
A) the predominant form of exchange among foragers 
B) something that is given only once 
C) something for which a "return" is not expected or calculated 
D) when reciprocity is immediate and completely balanced 
E) the most common form of exchange in all modes of livelihood

Question 7

Explain the concept of exploitation as a form of exchange and provide an ethnographic example.

Accepted Answer

Exploitation as a form of exchange refer

Question 8

Consumption includes both what a person intakes

Accepted Answer

A) True 
 B)False

Question 9

Cultural materialist Marvin Harris would say that "food is good to eat," while interpretivist Mary Douglas would say that __________.

Accepted Answer

A) "meat is good to eat" 
B) "sacred cows are good to eat" 
C) "food is good to think" 
D) "food is good to share" 
E) food is best viewed as an adaptation to the local ecology 
A) "meat is good to eat" 
B) "sacred cows are good to eat" 
C) "food is good to think" 
D) "food is good to share" 
E) food is best viewed as an adaptation to the local ecology

Question 10

__________ is the attempt to make a profit by playing a game of chance.

Accepted Answer

The answer of __________ is the attempt to make a...

Question 11

An example of an important cash crop is __________.

Accepted Answer

A) coffee 
B) tobacco 
C) tea 
D) all of the above 
E) none of the above: these are all necessity crops 
A) coffee 
B) tobacco 
C) tea 
D) all of the above 
E) none of the above: these are all necessity crops

Question 12

The state in the United States with the greatest economic inequality between reservations with and without casinos is __________.

Accepted Answer

A) Michigan 
B) Wisconsin 
C) Nebraska 
D) Maine 
E) California 
A) Michigan 
B) Wisconsin 
C) Nebraska 
D) Maine 
E) California

Question 13

The adoption of Western foods among indigenous Amazon peoples is an aspect of globalization related to consumption patterns.

Accepted Answer

A) True 
 B)False

Question 14

The primary category of exchange in market economies is sale for profit.

Accepted Answer

A) True 
 B)False

Question 15

A study of consumption patterns among low-income African-American schoolchildren in New Haven, Connecticut, revealed that __________.

Accepted Answer

A) the children do not understand the negative effects of overspending when money is available 
B) their consumption patterns are similar to those of white middle-class children 
C) the boys are more likely to spend their money on family needs and gifts than girls are 
D) girls spend most of their money on clothes for themselves when they shop in a mall 
E) the children learn practical lessons about household finances at a young age 
A) the children do not understand the negative effects of overspending when money is available 
B) their consumption patterns are similar to those of white middle-class children 
C) the boys are more likely to spend their money on family needs and gifts than girls are 
D) girls spend most of their money on clothes for themselves when they shop in a mall 
E) the children learn practical lessons about household finances at a young age

Question 16

Non-material goods such as myths can be exchange items.

Accepted Answer

A) True 
 B)False

Question 17

Exchange relationships between settled Lese farmers and Efe foragers in the Ituri Forest are best characterized as __________.

Accepted Answer

A) sustained unbalanced exchange 
B) generalized reciprocity 
C) exchanging pure gifts 
D) market trade 
E) pooled budgeting 
A) sustained unbalanced exchange 
B) generalized reciprocity 
C) exchanging pure gifts 
D) market trade 
E) pooled budgeting

Question 18

Exchange within small groups of people who know each other, carried out in a personal and face-to-face situation, is characteristic of the form of exchange called __________.

Accepted Answer

The answer of Exchange within small groups of people who...

Question 19

The major item of exchange between the Lese and Efe is __________.

Accepted Answer

A) children 
B) food 
C) water 
D) cloth 
E) all of the above 
A) children 
B) food 
C) water 
D) cloth 
E) all of the above

Question 20

A cause of increased social inequality is __________.

Accepted Answer

A) privatization in the former USSR 
B) the transition from foraging to settled ways of making a living 
C) the emergence of agriculture 
D) all of the above 
E) none of the above 
A) privatization in the former USSR 
B) the transition from foraging to settled ways of making a living 
C) the emergence of agriculture 
D) all of the above 
E) none of the above

What are three characteristics of modern money?

London, San Francisco, Sweden, and Italy are examples of industrialized/digital economy cities or countries that have taken steps to reduce __________.

The income and other effects of gaming in California are so substantial for Indians and their neighbors that the gap is nearly closed between conditions on Indian reservations and those for most Americans.

Tokyo's Tsukiji fish market __________.

Among most agricultural societies sharing within the group is the norm.

A pure gift is _________.

Explain the concept of exploitation as a form of exchange and provide an ethnographic example.

Consumption includes both what a person intakes

Cultural materialist Marvin Harris would say that "food is good to eat," while interpretivist Mary Douglas would say that __________.

__________ is the attempt to make a profit by playing a game of chance.

An example of an important cash crop is __________.

The state in the United States with the greatest economic inequality between reservations with and without casinos is __________.

The adoption of Western foods among indigenous Amazon peoples is an aspect of globalization related to consumption patterns.

The primary category of exchange in market economies is sale for profit.

A study of consumption patterns among low-income African-American schoolchildren in New Haven, Connecticut, revealed that __________.

Non-material goods such as myths can be exchange items.

Exchange relationships between settled Lese farmers and Efe foragers in the Ituri Forest are best characterized as __________.

Exchange within small groups of people who know each other, carried out in a personal and face-to-face situation, is characteristic of the form of exchange called __________.

The major item of exchange between the Lese and Efe is __________.

A cause of increased social inequality is __________.

Anthropology and the Study of Culture

The Evolution of Humanity and Culture

Researching Culture

Making a Living

Reproduction and Human Development

Health, Illness, and Healing

Kinship and Domestic Life

Social Groups and Social Stratification

Political and Legal Systems

Communication

Religion

Expressive Culture

People on the Move

People Defining Development

Filters

Exam 5: Consumption and Exchange

What are three characteristics of modern money?

London, San Francisco, Sweden, and Italy are examples of industrialized/digital economy cities or countries that have taken steps to reduce __________.

The income and other effects of gaming in California are so substantial for Indians and their neighbors that the gap is nearly closed between conditions on Indian reservations and those for most Americans.

Tokyo's Tsukiji fish market __________.

Among most agricultural societies sharing within the group is the norm.

A pure gift is _________.

Explain the concept of exploitation as a form of exchange and provide an ethnographic example.

Consumption includes both what a person intakes

Cultural materialist Marvin Harris would say that "food is good to eat," while interpretivist Mary Douglas would say that __________.

__________ is the attempt to make a profit by playing a game of chance.

An example of an important cash crop is __________.

The state in the United States with the greatest economic inequality between reservations with and without casinos is __________.

The adoption of Western foods among indigenous Amazon peoples is an aspect of globalization related to consumption patterns.

The primary category of exchange in market economies is sale for profit.

A study of consumption patterns among low-income African-American schoolchildren in New Haven, Connecticut, revealed that __________.

Non-material goods such as myths can be exchange items.

Exchange relationships between settled Lese farmers and Efe foragers in the Ituri Forest are best characterized as __________.

Exchange within small groups of people who know each other, carried out in a personal and face-to-face situation, is characteristic of the form of exchange called __________.

The major item of exchange between the Lese and Efe is __________.

A cause of increased social inequality is __________.

Anthropology and the Study of Culture

The Evolution of Humanity and Culture

Researching Culture

Making a Living

Reproduction and Human Development

Health, Illness, and Healing

Kinship and Domestic Life

Social Groups and Social Stratification

Political and Legal Systems

Communication

Religion

Expressive Culture

People on the Move

People Defining Development

Filters