Anthro Final
Final Exam Review Sheet
1. Formal economic theory is based on assumptions such as: a. the value of a particular commodity decreases as it becomes more scarce. b. only occasionally do people maximize their material well-being. c. people, when exchanging goods and services, naturally strive to maximize material well-being and profits. d. families will compete against each other to assert rights of ownership and allocation. e. in societies where there is formal market exchange (commercialism), the market will determine all economic activities of individuals. 2. Rules that govern the allocation of resources and how they are used are found in: a. very few societies. b. only food-collecting societies. c. Western societies only. d. all societies in the world. e. all food-producing societies. 3. In terms of private property rights to land, which statement is true? a. Food collectors seldom have the notion of personal land ownership. b. Only elites in pastoral societies own pasture lands. c. Only chiefs in horticultural societies own the land that is planted. d. In food-producing societies all individuals have private land ownership. e. All state societies have private individual land ownership. 4. Food collecting communities’ control of land rights: a. is uniform in all food collecting societies. b. is learned from contact with the surrounding societies (they tend to follow the same rules). c. varies because in some societies territorial boundaries between bands or families are rigorously maintained. d. is likely to continue long into the future in spite of contact with outside societies. e. tends to be more legalistic when these communities are part of a state society. 5. Which of the following is not a major difference between business firms and households as productive
1. Formal economic theory is based on assumptions such as: a. the value of a particular commodity decreases as it becomes more scarce. b. only occasionally do people maximize their material well-being. c. people, when exchanging goods and services, naturally strive to maximize material well-being and profits. d. families will compete against each other to assert rights of ownership and allocation. e. in societies where there is formal market exchange (commercialism), the market will determine all economic activities of individuals. 2. Rules that govern the allocation of resources and how they are used are found in: a. very few societies. b. only food-collecting societies. c. Western societies only. d. all societies in the world. e. all food-producing societies. 3. In terms of private property rights to land, which statement is true? a. Food collectors seldom have the notion of personal land ownership. b. Only elites in pastoral societies own pasture lands. c. Only chiefs in horticultural societies own the land that is planted. d. In food-producing societies all individuals have private land ownership. e. All state societies have private individual land ownership. 4. Food collecting communities’ control of land rights: a. is uniform in all food collecting societies. b. is learned from contact with the surrounding societies (they tend to follow the same rules). c. varies because in some societies territorial boundaries between bands or families are rigorously maintained. d. is likely to continue long into the future in spite of contact with outside societies. e. tends to be more legalistic when these communities are part of a state society. 5. Which of the following is not a major difference between business firms and households as productive