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Economics

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
giving & receiving of goods of nearly equal value with a clear obligation of return gift within a specified time limit   balanced reciprocity  
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productive resources that are used with primary goal of increasing their owner’s financial wealth   capital  
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economic system in which people work for wages, land & capital goods are privately owned, & capital is invested for profit   capitalism  
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ritual system common in Cent./S. America in which wealthy people are required to hold a series of costly ceremonial offices   cargo system  
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norms governing production, distribution, & consumption of goods & services within a society   economic system  
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study of the ways in which & choices people make combine to determine how their society uses its scarce resources to produce & distribute goods/services   economics  
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institution composed of kin &/or non-kin that is organized primarily for financial gain   firm  
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giving and receiving goods with no immediate or specific return expected   generalized reciprocity  
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group of people united by kinship or other links who share a residence & organize production, consumption, & distribution among themselves   household  
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pattern of exchange among trading partners in the S. Pacific islands   Kula ring  
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practice, value, or form of social organization that evens out wealth within a society   leveling mechanism  
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economic system in which goods & services are bought & sold at a money price determined primarily by forces of supply/demand   market exchange  
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exchange conducted for purpose of material advantage & desire to get something for nothing   negative reciprocity  
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form of redistribution involving competitive feasting practiced among NW Coast Native Americans   potlatch  
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material goods, natural resources/info used to create other goods/info   productive resources  
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mutual give & take among people of equal status   reciprocity  
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exchange in which goods are collected then distributed to members of a group   redistribution  
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all human societies have __ __   economic systems  
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sum of choices people make regarding these areas of their lives   economic aspect of culture  
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choices based on economic aspect of culture are __ by our cultures, traditions, & technologies   constrained  
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set boundaries within which choices about production, distribution, & consumption of goods/services are made   environments  
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every society must have a(n) __ system   economic  
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economics deals w/things & __ of things to people & people to one another in process of producing, distributing, & consuming goods   relationship  
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one aspect of relationship is that __ defines or shapes ends sought by individuals & __ of achieving those ends   culture; means  
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society & economy are __   interdependent  
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families tend to have as many children as possible; lrg families can cultivate more land & wealthier than small families; leaders acquire political power & social prestige from wealth & numerous relations   southern Mali  
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difficult to separate the economic system from   rest of the culture  
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economics embedded in total __ process & __ pattern   social; cultural  
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few groups are organized solely for purpose of production; economic activities are (1) aspect of what they do; production carried out by families, kinship groups, or local communities   nonindustrial & kin-based societies  
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for nonindustrial & kin-based societies distribution, exchange, & consumption of goods is embedded in __ that have __ & __ purposes as well as economic ones   relationships; social; political  
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__ __ of economies developed in Western market economy   academic discipline  
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fundamental assumption of Western microeconomic theory   idea of scarcity  
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economists assume that human __ are unlimited but means for __ them are not   wants; achieving  
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assume that individuals & org. will make choices on best way to apply limited means to unlimited desires in way they believe will provide them with greatest benefit   economists  
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some scholars equate benefit with material   well-being & profit  
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notion of __ __ does not completely explain economic behavior   financial profit  
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economic choices are based on some __ of benefit, not necessarily __ to human profit   calculation; reducible  
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people make rational choices based on their __ & __ about the future   needs; guesses  
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cultures, values, & institutions provide the __ within which economic choices are made   framework  
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live in area of Tanzania w/abundance of animal/vegetable food; considerable leisure time but do not attempt to increase wealth   Hazda  
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only one of the ends towards which people expend effort   leisure time  
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Western society __ primarily ties to increased consumption & display of goods/services   prestige  
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CEO of Microsoft & head of world's largest charitable foundation   Bill Gates  
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anthropologists must analyze broad __ & __ contexts within which people make decision   institutional; social  
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anthropologists must __ & __ factors that motivate individual decision making   determine; evaluate  
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all societies must engage in __ , acquire __, & have some system through which __ to use such resources are allocated   production; resources; rights  
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people must be __ in specific ways to use resources in production of goods & services   organized  
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each society has a system of __ & a distinct style & __ of consumption   distribution; pattern  
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productive resources are the things that members of a society need to   participate in the economy  
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access the the knowledge that allows one to make & use tools   plays important role in all societies  
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access to knowledge plays critical role in modern American society seen in strong relationship between   university degrees & income  
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US Dept Educ. 2006 American's age 25-34 w/BS degree earned __ more than those w/associate's degree & __ more than those w/high school diploma   28%; 50%  
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important point of contrast between economic systems is extent to which individuals & groups have   access to productive resources  
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__ access to resources develops as population & social complexity increase   differential  
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only 3% of student's at America's most selective universities come from households in   lowest 25% of income scale  
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only 10% of student's at America's most selective universities come from households in   lowest 50% of income scale  
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plays critical role in determining access to knowledge & access to such knowledge plays critical role in future with wealth & social position   family wealth  
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have limited number of productive resources, & most everyone has access to them   small-scale economies  
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have great many resources but access to them is limited   large-scale economies  
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weapons used in hunting animals & tools used in gathering plants & knowledge to make/use these are productive resources in   foraging societies  
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men of Hazda spend much time   gambling  
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men of Hazda never share/gamble their bow, bird's arrows, & leather bag because they are   essential for survival  
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land & water are the most __ __ for foragers   critical resources  
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hunting ground in foraging societies are not __ __ because __ __ have an adaptive value   exclusively owned; flexible boundaries  
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foraging ranges can be adjusted as availability of resources changes in particular area   flexible boundaries  
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abundance & predictability of resources also affect __ __ of foragers   territorial boundaries  
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each camp had core area of circle w/water hole at center & radius of about 6 miles; territories associated w/long-standing residents spoken of as owners & permission needed to use land's resources   Ju/'hoansi  
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require freedom of movement as condition of success in their search for food & for dealing w/social conflict   hunters & gatherers  
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if land were individually or communally defended against outsider, freedom of movement for foragers societies would be   severely limited  
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most critical resources are livestock & land; within camps, members share equal access to pastures   pastoralists  
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pastoralists' access to grasslands/water is gained through   membership in kin groups  
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in pastoralists' camps __ __ __ rather than ownership is important   right of access  
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pastoralists' animals are __ by individual families   owned  
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pastoralists consider animals as __ in their own right; prosperity & family status is determined by the numbers   wealth  
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established to access land in villages of agricultural peoples through which the pastoralists' move   contracts accessing land  
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contracts accessing land must be __ each year   renewed  
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contracts accessing land must specify __ for the pasture   rent  
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contracts accessing land must specify __ of the area   borders  
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contracts accessing land must specify __ by which area must be __   date; vacated  
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yak-herders, NW Tibet; pastoralists; Buddhist monasteries granted rights to families to use pastures in return for tax payments; reviewed each 3rd yr   Drokba  
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land tends to be communally owned by extended kin group; rights to piece of land may be given to households or individuals   horticulture societies  
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swidden farmers in Nigeria; no individual owns land/has rights to it; land vested in kinship groups & allocated to individuals by leaders of groups   Ibo  
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Ibo may not dispose of land at will it is considered __ & may not be sold   inalienable  
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Horticulturalists' rights to cleared & productive land & products are vested in those who work it, most often   domestic group or household  
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highlands of Chiapas, Mexico individuals may farm any piece of unused land; retain rights to cleared land & likely to reuse; migration from the area may lose rights to cleared land but family retains ownership of fruit trees planted on it   Lacandon Maya  
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if Lacandon Maya man dies after investing time/labor clearing & planting land __ & __ retain rights to use land   wife; children  
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in horticulture societies, where population density is low or large areas of land are available for cultivation, rights to land are very   loosely held  
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horticulture group w/extensive lands in Peru there is little exclusive territory   Machiguenga  
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horticulture group Papua New Guinea, specific geographical conditions limit amount of available land or population pressures increase land shortages dealt w/primarily by warfare aimed at driving smaller, weaker groups off their land & annexing it   Enga  
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agriculture comes to dominate __ & __ complex societies   politically; technologically  
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capital is the __ __ of economic organization in capitalist societies   principle form  
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under conditions of __ __ material & labor investment in land becomes substantial   intensive cultivation  
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may grow out of population pressures that produce land scarcity & lead to intensified methods of agriculture   individual land ownership  
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creates conflict as people begin to grumble about not receiving their fair share   communal control of land  
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found that individual ownership of land was correlated w/high population density & intensive cultivation in a study of land rights in New Guinea highlands   Brown & Podelefsky  
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rural village in Bangladesh showed that 48% of families were __ __; had to rent land from larger land owners or work for others   functionally landless  
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individual/family has right to piece of land, & pass land to descendants but cannot be sold/traded in a peasant society   usufruct right  
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in societies w/peasantry __ rather than __ are able to claim rights to most of a land's surplus, enjoying higher levels of consumption & standards of living   landowners; cultivators  
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agriculture in peasant societies tends to be associated w/__ __ characterized by ruling landowning class & with occupational specialization   political organization  
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household or some extended kin group is basic unit of production & consumption   small-scale preindustrial & peasant societies  
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a household is a(n)   economic unit  
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goals are often social or religious rather than monetary; labor is not commodity bought/sold at market; labor important aspect of membership in a social group   households & kin groups  
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labor in household & kin groups provides __ & sense of __ & meaning   respect; identity  
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example of relationship between work & identity   gendered division of labor  
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sexual division of labor is __   biological  
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caring for infants is almost always primary female role & usually central to   female identity  
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weaving baskets basic to female identity; newborn girls presented w/tools for weaving, & weaving equipment placed w/women when they die   Aztec Mexico  
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weaving considered male task, part of male identity   W African societies  
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an individual's self-image & social status is bound up w/work   Pamela Crespin  
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May 2009 US government reported __ of workforce were unemployed   9.4%  
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firm does not __ __ for use of its members; items are sold for profit   produce goods  
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individuals tied to firms their labor is a(n)   commodity  
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households cannot easily __ or __ as economy fluctuates   expand; contract  
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__ production & distribution systems tend not to develop under household systems   large-scale  
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firms are geared towards economic growth, decision making __ __ by financial gain   motivated primarily  
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firm's goal is to find mix of __ & __ that will most increase firm's financial value to it's owners   capital; labor  
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firms & households are not __ __   mutually exclusive  
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firms may be controlled by __ or __ group of families   single; small  
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firms often use the vocabulary of __ & __ to support their goals   family; team  
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firms from supermarket chains to hospitals & airlines promote themselves as communities   Casey  
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among forgers & horticulturalists characteristic division of labor is not by __ but by age & __   job; sex  
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in society becomes more specialized & complex as population increases & agricultural production intensifies   division of labor  
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spreads throughout society as individuals are able to exchange their services or products they produce for food & wealth   occupational specialization  
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likely to include soldiers, governments officials, & members of priesthood as well as artisans, craftsmen, & merchants in forging & horticulturalist   specialists  
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contemporary India only people belonging to particular hereditary kinship groups can perform certain services or produce certain kinds of goods   castes  
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19th century American workers associated __ with skilled labor, independence, & decision-making power at work   masculinity  
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practices sought to redefine masculinity associating it with working hard-in company of other men in a useful product and being well paid for it rather than skilled independence   Ford Motors  
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one of fundamental bases of culture   exchange of goods  
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theorized that societies were held together by patterns of giving & receiving   Marcel Mauss  
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three main patterns of exchange   reciprocity, redistribution, market  
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3 types of reciprocity can be distinguished from one another by degree of __ __ between exchanging partners   social distance  
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generalized reciprocity is usually carries out among __ __ & is common in foraging bands   close kin  
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without any thought of economic or other self-interest   ideally altruistic  
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generalized reciprocity is recognized in Western culture as it exists between   parents & children  
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generalized reciprocity involving food is an important __ __ among foraging people   social mechanism  
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horticultural group in Brazil, distribution of meat gives a man prestige & opportunity to display culture's most valued trait of generosity   Pacaa Nova  
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balanced reciprocity often dominant form of exchange among __ __ without market economies   nonindustrialized people  
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balanced reciprocity occurs among individuals & groups characterized by production strategies from __ to __   pastoralism; industrialism  
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goal of balanced reciprocity is not to gain __ over gifting partner   advantage  
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__ __ to give, accept, & return is at heart of balanced reciprocity   social obligation  
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balanced reciprocity is most typical of __ __ among nonindustrialized people without market economies   trading relations  
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notes the greater risk of economic loss, betrayal of confidence, or in fair dealing the important such personalized relations are   Plattner  
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analysis of Kula Ring   Malinowski  
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long necklaces of red shells always traded in clockwise direction   soulava  
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bracelets of white shell always traded in counter clockwise direction   mwali  
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it is morally wrong to cheat a(n) __ in a tribal or peasant society   insider  
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there is every advantage to gain by cheating a(n) __ in a tribal or peasant society   outsider  
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studied Navajo in 1940-50s; deceive when trading w/outsider in morally accepted practice; witchcraft tech. are permissible in trade w/member of foreign tribe   Clyde Kluckhohn  
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Chinese were repeatedly forced to purchase peace from the nomads   Mongols  
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redistribution gives out to the group in a(n)   new pattern  
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pooled resources are reallocated among family members in   household food sharing  
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redistribution is achieved through taxation   states societies  
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redistribution can be important in __ societies where political organizations include bigmen, self-made leaders, who gain power/authority through personal achievement   horticultural  
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potlatches held to honor/validate rank of chiefs & other nobles, usually in connection w/births, deaths, & marriages   Kwakiutl & Tlingit  
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saw potlatches as waste & evidence of native irrationality; outlawed 1885-1951   Canadian government  
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report that Tanacross & Haida people consider potlatch central symbol of cooperation & respect that separates natives from non-native peoples   Simeone & Stearns  
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report that rivalrous, competitive feasting is found among many people throughout Pacific Islands   Rosman & Rubel  
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type of large feast in Papua New Guinea; men wish to gain prestige accumulate diverse wealth & redistribute to those who attend ceremony   Moka  
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village of Amatenango Chiapas Mexico; production by household & inheritance are leveling mechanisms   Manning Nash  
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ritual position filled by younger man   alferez  
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religious office; involves substantial purchases & donations   cargo  
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in economics, __ __ is making choices in ways believed to provide the greatest benefit   economizing behavior  
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idea that human beings have an instinct to defend a particular piece of territory is a notion that has some popular appeal, but little support from   ethnographic data  
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distinguishing characteristic of land ownership in current capitalist societies is   land is commonly owned by individuals  
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Peasants generally __ a wealthy, landowning class   support  
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capitalism is an economic system that has become __ in the last 300 years   predominant  
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