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1. Marcel Mauss argued that there is no such thing as a "free gift." Once given, the gift sets in motion special obligations with important social consequences. Describe and discuss the three obligations of the gift. Be sure to mention any social implications associated with each.
2. Discuss Kula as a total social phenomenon. What do social theorists mean when they speak of a total social phenomenon? What is the basic structure of Kula (how does it work)? In what ways is it a total social phenomenon?
3. Contrast Karl Polanyi's and Robbins Burling's definitions of "economic". What do each say about the applicability of these two definitions to societies around the world and through history? How does Frank Cancian attempt to resolve these issues?
Analyze the economic and sociological forces that drove the market equilibrium to unsustainable heights and the shocks that brought the markets back down. What might be done to moderate the effects of these economic swings?
Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetratio..
What is the present value of the following series of prospective payments?
The demand curve for T-shirts in the US is given by Q = 100 – P, where Q indicates the number of T-shirts purchased and P is the price. Suppose that there are no T-shirts produced in the US, but they can be imported either from Mexico or from the res..
q.exercise 1price mart reduces the price of a 42 inch tv plasma from 1200 to 1000. as a result sales of tv plasmas
We are looking at the market place for good ABC. Supply and/or demand conditions are changing. Assume that after these changes occur, the equilibrium price increases while the equilibrium quantity decreases. Now, based on those possible changes suppl..
A college economics lecture in a classroom is
Discuss the economics justifications for a merger. In particular, how might these reasons apply to companies now merging in the following industries oil automobiles telecommunications electric power commercial banks
Increasing returns to scale in production means. The demand curve facing a price-making firm is. In the long run all production inputs are variable. Decreasing returns to scale prevail when output increases by a proportion that is smaller than the pr..
is a ________ increase in the price level and it can be produced if the AD curve shifts up ________.
Business competition encourages efficiency of production and leads to improved product quality.
Briefly describe the national security implications of the dependence on imported oil. Politicians of both political Parties routinely discuss the concept of achieving energy independence. Describe the reasons why this is or is not a realistic goal.
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