In Conjunction with Cultural Anthropology - Touro Institute

9. What social differences exist between the kinds of societies that practice internal and those
that practice external warfare?
10. What social conditions are most likely to increase criminal behavior?
Reading Assignment: Chapter 12: The Economic System
In this assignment you will learn the characteristics of economic systems. You will become
familiar with concepts such as use rights, ownership, and division of labor, that govern the
production of economic goods and services. You will learn about the basic forms of distribution:
reciprocity, redistribution, and markets. You will examine the differences in consumption in
societies that are based on subsistence economies and in societies that generate status income.
Finally, you will learn the mechanisms by which societies of differing complexity control their
economic systems.
Assignment Overview
MCQ :: Matching :: True/False :: Short Essay
MCQ - Chapter 12: The Economic System
1. Which of the following is NOT a necessary part of a definition of economics?
a. production
b. distribution
c. buying and selling
d. consumption
2. Which of the following is true of the concept of “supply and demand”?
a. It is the only force that controls prices and wages in the United States.
b. It is unrelated to cultural values.
c. It has prevented discrimination in wages in the United States.
d. It is as much a value statement as it is a description of economic processes.
3. Which of the following is true of the profit motive?
a. People work to maximize their material benefits in any exchange.
b. The benefits sought in an exchange may include intangible ones.
c. It is the only factor that determines the true value of commodities.
d. It is not influenced by cultural values.
4. Which of the following is NOT true of Kwakiutl exchanges?