Chapter 6 Economics Flashcards
The critical elements of any economic system are production, ____, and consumption.
Distribution
In economics, economizing behavior is ____.
Making choices in ways believed to provide the greatest benefit
Economics is the study of ____.
The ways in which the choices people make determine how their society uses resources
Capitalist cultures like those in the United States are defined by productivity for _____.
Wealth and material prosperity
As social complexity and population increases, the difference between economic system is mostly measured as a difference in ____.
Access to productive resources
Material goods, natural resources, or information used to create other goods or information are known as _____.
Productive resources.
In foraging (hunting and gathering) societies, land is ____.
Customarily used by certain groups, but others are not denied access to it.
Where resources are scarce and large area are needed to support the population, territorial boundaries are ____.
Usually not defended
Contemporary pastoralists primarily obtain access to land for grazing through ____.
Contracts with landowners as they pass through areas
In pastoral societies, ____ land is most essential factor in the functioning of the society.
Accessing
In horticultural societies, land is ____.
Communally owned by kin groups
Which statement is true regarding land among the Lacandon Maya, an extensive cultivating society?
Individuals retain right to land they have cleared even if they leave it fallow.
Which key factor determines if land is considered exclusive and consequently defended?
High population density
In capitalist societies, the principle form of resources is ____.
Capital
The idea of private ownership of land tends to develop in societies where ____.
Material and labor investment in land becomes substantial
Peasants generally ____.
Support a wealthy, landowning class
The right of an individual or family to use a piece of land and pass that land to descendants, but not sell or trade the land, is called ___.
Usufruct right
One critical economic difference between a firm and a household is ____.
Firms may grow with relative ease, but the structure of households limits their growth
A high degree of specialization of labor ____.
Tends to correlate with high population and agriculture intensification
Marcel Mauss, and many other anthropologist, theorized that an important function of gifting is to ___.
Hold a societies together