The substantivist approach in economics differs from the formalist view by __________.
A. suggesting that money is the prime mover in all economic systems
B. focusing on supply and demand economics as opposed to price fixing
C. maintaining that the ways of allocating goods and services in small-scale societies differ fundamentally from those of large-scale Western economic systems
D. assuming that all peoples act to maximize their individual gains
Question 2
Which of the following is a major difference between redistributional and reciprocal economies?
A. Reciprocal economies are more common in societies with inequalities in social status.
B. Redistributional economies tend to make certain individuals wealthier than others.
C. Reciprocal economies always involve the exchange of a recognized form of currency.
D. Only redistributional economies involve transfers of goods among related villagers.
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Economics question