Question 1

According to anthropologists of finance, what is the driving force behind the global expansion of capitalism in the twenty-first century?

Accepted Answer

A)  industrial manufacture 
B)  labor migration 
C)  mining 
D)  the circulation of capital

Question 2

The text suggests that "ecological overshoot" is a likely consequence of our current global economy. What exactly does this mean?

Accepted Answer

A)  We have damaged the environment beyond its ability to repair itself. 
B)  We have exceeded the ability of the planet to provide for our needs. 
C)  Development planners have not properly accounted for the ecological costs of growth. 
D)  The free market must pull back from the environmental practices that destroy the planet.

Question 3

What aspects of Adam Smith's perspective on economic growth do today's neoliberal privatization programs build on?

Accepted Answer

A)  Smith's belief in increased governmental control of the market is in opposition to privatization. 
B)  Smith argued for unfettered competition in the market and called for government assistance to ensure this result. 
C)  Smith's belief in laissez-faire-"leave it alone"-economics calls for a free market. 
D)  Smith supported the idea of colonialism and felt that governments were best suited to implement privatization.

Question 4

The pickpocket who stole your phone during your vacation engaged in an act of:

Accepted Answer

A)  barter. 
B)  generalized reciprocity. 
C)  redistribution. 
D)  negative reciprocity.

Question 5

The "Triangle Trade" that emerged in the 1500s resulted in the exchange of goods, people, wealth, food, disease and ideas between

Accepted Answer

A)  Europe, the Americas, Asia 
B)  the Americas, Africa, Asia 
C)  Africa, Europe, the Americas 
D)  Europe, Africa, Asia

Question 6

As a child, you may have received a small allowance-a bit of money on a somewhat regular occasion that you could use as you wished. This typically comes from a parent who also works at a regular job to support the family? What would an anthropologist call this?

Accepted Answer

A)  generalized reciprocity 
B)  redistribution 
C)  balanced reciprocity 
D)  gifting

Question 7

What does the author mean by "bridges and barriers"? Give two examples each of potential bridges and barriers.

Accepted Answer

The answer of What does the author mean by "bridges...

Question 8

Your office has performed the traditional "Secret Santa" exchange for many years. In this event, every office mate brings a gift worth no more than $20 dollars to be anonymously given at the annual holiday party. This an example of:

Accepted Answer

A)  redistribution. 
B)  balanced reciprocity. 
C)  generalized reciprocity. 
D)  negative reciprocity.

Question 9

Which is the primary adaptive strategy that includes hunting, fishing, and gathering plants for food?

Accepted Answer

A)  pastoralism 
B)  horticulture 
C)  agriculture 
D)  foraging

Question 10

Agriculture is an intensive farming strategy involving permanent cultivation of the land. What is an important characteristic of this process?

Accepted Answer

A)  Agriculture rarely produces a surplus that can be sold. 
B)  Agriculture uses labor and technology such as irrigation systems and plows. 
C)  Agriculture is an environmentally low-impact practice. 
D)  Agriculture uses a slash-and-burn method to clear land.

Question 11

The European Industrial Revolution of the eighteenth and nineteenth centuries relied on colonies for:

Accepted Answer

A)  raw materials, cheap labor, and markets in the colonial territories. 
B)  cheap immigrant labor to work in European factories. 
C)  cheaply produced goods manufactured in the colonies. 
D)  competition to drive innovation.

Question 12

How does industrial agriculture compare to simpler subsistence strategies such as hunter-gatherers, pastoralism, horticulture, and low-intensity agriculture?

Accepted Answer

A)  Simpler subsistence strategies are locally limited. 
B)  Simpler subsistence strategies are cheaper to maintain. 
C)  Simpler subsistence strategies are more readily subject to environmental changes. 
D)  Industrial agriculture has a lower carrying capacity because it requires less energy.

Question 13

In the late 1400s, China was the world leader in the production and export of goods such as silk, porcelain, tea, fruit, drugs, cotton, weapons, etc., which Europeans desired; however, Europe produced few products of interest to the Chinese. Why did this encourage the European exploration of the Americas?

Accepted Answer

A)  There was a currency surplus in Europe, with vast reserves held by the ruling elite. 
B)  It created a trade deficit, with Chinese imports vastly exceeding European exports, that caused European nations to seek sources of precious metals. 
C)  The Europeans hoped the Indians would extend them new lines of credit. 
D)  It fostered a labor shortage, leading to a strong demand for slave labor.

Exam 11: The Global Economy