Chapter 7 Student Quiz 1

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. Which discipline tries to predict economic patterns?

economic anthropology correct incorrect

political anthropology correct incorrect

economics correct incorrect

investment banking correct incorrect

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. Redistribution is

the collection of goods in a community and the subsequent redivision of those goods among members of a society. correct incorrect

when production is organized by families. correct incorrect

a unique social institution. correct incorrect

based in inequality. correct incorrect

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. Inequality is most closely connected to which economic theory?

neoclassical correct incorrect

cultural economics correct incorrect

substantive economies correct incorrect

Marxism correct incorrect

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. The means of production refers to

how people make decisions to allocate resources such as time, labor, and money in order to maximize their personal satisfaction. correct incorrect

the collection of goods in a community and the subsequent redivision of those goods among members of a society. correct incorrect

production organized by families. correct incorrect

the machines and infrastructure that create goods in society. correct incorrect

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. Reciprocity

is giving something without the expectation of return, at least not in the near term. correct incorrect

is the give-and-take that builds and confirms relationships. correct incorrect

occurs when a person gives something, expecting the receiver to return an equivalent gift or favor at some point in the future. correct incorrect

is the attempt to get something for nothing, to haggle one's way into a favorable personal outcome. correct incorrect

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. Consumption is

the process of taking possession of an object. correct incorrect

the relative worth of an object or service. correct incorrect

a mass-produced and impersonal good with no meaning or history. correct incorrect

the act of using and assigning meaning to a good, service, or relationship. correct incorrect

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. Market-based and gift-based exchange systems are mutually exclusive in any society.

True correct incorrect

False correct incorrect

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. All societies consider debt to be a moral problem.

True correct incorrect

False correct incorrect

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. What kind of currency is created and guaranteed by a government?

formal money correct incorrect

fiat money correct incorrect

hard currency correct incorrect

official exchange units correct incorrect

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. Money with another value beyond itself, such as gold, is known as

fiat money. correct incorrect

dual currency. correct incorrect

informal currency. correct incorrect

commodity money. correct incorrect

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. Which of the following is not a commodity?

an Ikea chair correct incorrect

a pair of new sneakers correct incorrect

an inherited wedding dress correct incorrect

a toilet plunger correct incorrect

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. __________ is the subfield of anthropology that is concerned with how people make, share, and buy things and services.

Economic anthropology correct incorrect

Cultural economics correct incorrect

Consumer anthropology correct incorrect

Financial anthropology correct incorrect

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. What is not an example of limited purpose money?

dollars correct incorrect

betting chips correct incorrect

credit card points correct incorrect

arcade tokens correct incorrect

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. __________ is the process of taking possession of an object, idea, or relationship and making it one's own.

Positive exchange correct incorrect

Consumption correct incorrect

Appropriation correct incorrect

Commodification correct incorrect

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. __________ reciprocity is the form of reciprocity that is characterized by gifts, which are given freely without expectation of return.

Generalized correct incorrect

Balanced correct incorrect

Delayed correct incorrect

Free correct incorrect