Which of the following assumptions is formal economic theory based on?
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 economicactivities of individuals.
Question 2
Economic anthropologists study production, distribution, and consumption:
a. only in industrialized societies of the world.
b. only in the non-industrialized societies of the world.
c. in all of the societies in the world, industrialized and non-industrialized.
d. only in the pastoral societies of the world.
e. in all societies where there is market exchange.
Traditional animal phylogeny based on body plans.
Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing
The Systems in Bronfenbrenner’s Ecological Theory
The Economic Way of Thinking
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.