Question 1

How are today's privatization programs, often associated with neoliberalism, an unsurprising result of Adam Smith's perspective on economic growth?

Accepted Answer

A)   Smith's belief in increased governmental control of the market is in opposition to privatization.
B)   Smith argued for unfettered competition in the market and called for government assistance to ensure this result.
C)   Smith's belief in laissez-faire-"leave it alone"-economics calls for a free market.
D)   Smith supported the idea of colonialism and felt that governments were best suited to implement privatization.

Question 2

The European drive to enter the world economy of the 1500s led to a frenzied effort to procure what commodity?

Accepted Answer

A)   silk
B)   spices
C)   gold
D)   slaves

Question 3

In the United States, what form of economic system is taxation?

Accepted Answer

A)   redistribution
B)   balanced reciprocity
C)   negative reciprocity
D)   market exchange

Question 4

What is the commodity most closely associated with early Chinese trade routes?

Accepted Answer

A)   slavery
B)   sugar
C)   gold
D)   silk

Question 5

The position that the free market and free trade rather than the state are the main mechanisms for ensuring economic growth is associated with which theorist?

Accepted Answer

A)   John Keynes
B)   Adam Smith
C)   Karl Marx
D)   Henry Ford

Question 6

In the past several decades, many companies have made effective use of flexible accumulation-the strategy used by transnational corporations to maximize profits. What is one of the reasons that a company like Walmart has grown in both size and profit?

Accepted Answer

A)   It has established itself as a fair employer around the world.
B)   It has avoided offshoring until just recently.
C)   It has more than 7,000 factories overseas that manufacture products for the company.
D)   It has built stores in every nation on the planet.

Question 7

In 2016, reports appeared in the media detailing the struggles of nail salon workers, who are often immigrants. Many work long hours under difficult conditions in order to meet the demand in the United States for the perfect pedicure. This example closely resembles accounts in your text by showing us what side of the complex global economy?

Accepted Answer

A)   modern-day slavery
B)   friction
C)   commodity chains
D)   migration

Question 8

Consider the data in Table 12.1 on Energy Consumption. Looking at the table, the United States is behind China for total energy consumption. However, the per capita energy consumption is far higher in the United States than it is for China, and higher still for Canada. What might this suggest as one crucial aspect of how we approach a solution to the global environmental crisis?

Accepted Answer

A)   Individuals must be part of the effort to reduce the ecological footprint.
B)   China must reduce its population in order to avert a worldwide environmental collapse.
C)   Russia, Canada, and the United States are the worst offenders for environmental abuses.
D)   European countries need to reduce individual energy consumption.

Question 9

Why are anthropologists interested in the anticolonial and independence movements? When did the majority occur? Summarize reasons for this. Identify three strategies commonly used to gain independence and explain how external forces often contributed to the quest for independence.

Accepted Answer

Students should answer that anthropologi...

Question 10

Why was European colonialism such an important component in the development of the global economic system? Why was Columbus's voyage to the New World tied to the trade network occurring in the Old World? Explain how the discovery of gold and silver in the New World and colonization facilitated Europe's participation in the Old World trade network.

Accepted Answer

Students should discuss that Columbus so...

Question 11

The text suggests that "ecological overshoot" is a likely consequence of our current global economy. What exactly does this mean?

Accepted Answer

A)   We have damaged the environment beyond its ability to repair itself.
B)   We have exceeded the ability of the planet to provide for our needs.
C)   Development planners have not properly accounted for the ecological costs of growth.
D)   The free market must pull back from the environmental practices that destroy the planet.

Question 12

According to the author, what conditions led to the emergence of dependency theory?

Accepted Answer

A)   African scholars argued that industrialized countries were using the land and rain in East Africa to grow crops for export.
B)   Anthropologists observed that inadequate natural resources made former colonies across the globe dependent on help from industrialized nations.
C)   Latin American scholars observed that the global economy was structured to extract resources from less developed nations and transfer them to industrialized nations.
D)   European scholars argued that flows of migrants from the global north to the global south made Europe dependent on immigrants as a labor source.

Question 13

Why is understanding the foraging lifestyle so important to economic anthropologists? When did humans first use this adaptive strategy, and how many humans rely on this practice today? What are the primary locations where it is practiced today? Think specifically of the resources and means of obtaining them, settlement patterns, and division of labor.

Accepted Answer

Students should answer that all human be...

Question 14

What is one way the U.S. government engaged in a Keynesian intervention following the 2008 financial collapse?

Accepted Answer

A)   moving to guarantee bank deposits threatened by economic collapse
B)   keeping interest rates high
C)   temporarily increasing Social Security taxes
D)   deregulating financial markets

Question 15

Which of these are requirements faced by governments receiving structural adjustment loans under neoliberal economic policies?

Accepted Answer

A)   maintain price supports on essential commodities
B)   increase spending on health and educational services
C)   implement regulations on banks and financial institutions
D)   privatize state-owned enterprises

Question 16

When you lived at home growing up as a child, you may have received a small allowance-a bit of money on a somewhat regular occasion that you could use as you wished. This typically comes from a parent who is also working at a regular job to support the family. What is this, in anthropological terms?

Accepted Answer

A)   generalized reciprocity
B)   redistribution
C)   balanced reciprocity
D)   gifting

Question 17

The origins of the current global economic system are found in the late 1400s, when China was the world leader in the production and export of goods such as silk. The result of this position created what problem that fostered European exploration of the Americas?

Accepted Answer

A)   There was a currency surplus, with vast reserves held by the ruling elite.
B)   It created a trade deficit, with exports vastly exceeding imports.
C)   There was a severe gold shortage, with an inability to pay off international debts.
D)   It fostered a labor shortage, leading to a strong demand for slave labor.

Question 18

What is one of the changes that occurs with the transition to intensive agriculture that reflects a distinctly Marxist perspective?

Accepted Answer

A)   Population sizes tend to decrease.
B)   Surpluses generated through peasant labor are transferred to a small elite.
C)   A more egalitarian lifestyle emerges.
D)   Populations become more politically active.

Question 19

Industrialized agriculture is noted in the text as having yielded dramatic increases in the overall food supply of the planet. At the same time, poverty and starvation have also gotten worse. What is the primary reason for this discrepancy?

Accepted Answer

A)   Food surpluses often go to wealthy industrialized nations.
B)   The types of food produced are not what people in poor regions will consume.
C)   Poor people live in very remote regions with no transportation systems to receive food.
D)   Poverty and starvation are caused by political strife and war.

Question 20

Critics of modernization suggest that underdevelopment is the result of postcolonialism, and that poor countries today cannot participate in the global economy because it is structured to extract and transfer what to developed nations?

Accepted Answer

A)   money
B)   people
C)   resources
D)   energy

Exam 12: The Global Economy

Correct Answer
verified
Students should discuss that Columbus so...
View Answer

The text suggests that "ecological overshoot" is a likely consequence of our current global economy. What exactly does this mean?

Correct Answer
verified

The origins of the current global economic system are found in the late 1400s, when China was the world leader in the production and export of goods such as silk. The result of this position created what problem that fostered European exploration of the Americas?

Correct Answer
verified

According to the author, what conditions led to the emergence of dependency theory?

Correct Answer
verified

When you lived at home growing up as a child, you may have received a small allowance-a bit of money on a somewhat regular occasion that you could use as you wished. This typically comes from a parent who is also working at a regular job to support the family. What is this, in anthropological terms?

Correct Answer
verified

Why are anthropologists interested in the anticolonial and independence movements? When did the majority occur? Summarize reasons for this. Identify three strategies commonly used to gain independence and explain how external forces often contributed to the quest for independence.

Correct Answer
verified
Students should answer that anthropologi...
View Answer

What is one way the U.S. government engaged in a Keynesian intervention following the 2008 financial collapse?

Correct Answer
verified

What is one of the changes that occurs with the transition to intensive agriculture that reflects a distinctly Marxist perspective?

Correct Answer
verified

Critics of modernization suggest that underdevelopment is the result of postcolonialism, and that poor countries today cannot participate in the global economy because it is structured to extract and transfer what to developed nations?

Correct Answer
verified

The European drive to enter the world economy of the 1500s led to a frenzied effort to procure what commodity?

Correct Answer
verified

Which of these are requirements faced by governments receiving structural adjustment loans under neoliberal economic policies?

Correct Answer
verified

Industrialized agriculture is noted in the text as having yielded dramatic increases in the overall food supply of the planet. At the same time, poverty and starvation have also gotten worse. What is the primary reason for this discrepancy?

Correct Answer
verified

The position that the free market and free trade rather than the state are the main mechanisms for ensuring economic growth is associated with which theorist?

Correct Answer
verified

In the past several decades, many companies have made effective use of flexible accumulation-the strategy used by transnational corporations to maximize profits. What is one of the reasons that a company like Walmart has grown in both size and profit?

Correct Answer
verified

Correct Answer
verified
Students should answer that all human be...
View Answer

How are today's privatization programs, often associated with neoliberalism, an unsurprising result of Adam Smith's perspective on economic growth?

Correct Answer
verified

Correct Answer
verified

In the United States, what form of economic system is taxation?

Correct Answer
verified

What is the commodity most closely associated with early Chinese trade routes?

Correct Answer
verified

Correct Answer
verified

Exam 12: The Global Economy

Correct AnswerverifiedStudents should discuss that Columbus so...View AnswerShow Answer

The text suggests that "ecological overshoot" is a likely consequence of our current global economy. What exactly does this mean?

Correct AnswerverifiedShow Answer

The origins of the current global economic system are found in the late 1400s, when China was the world leader in the production and export of goods such as silk. The result of this position created what problem that fostered European exploration of the Americas?

Correct AnswerverifiedShow Answer

According to the author, what conditions led to the emergence of dependency theory?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Why are anthropologists interested in the anticolonial and independence movements? When did the majority occur? Summarize reasons for this. Identify three strategies commonly used to gain independence and explain how external forces often contributed to the quest for independence.

Correct AnswerverifiedStudents should answer that anthropologi...View AnswerShow Answer

What is one way the U.S. government engaged in a Keynesian intervention following the 2008 financial collapse?

Correct AnswerverifiedShow Answer

What is one of the changes that occurs with the transition to intensive agriculture that reflects a distinctly Marxist perspective?

Correct AnswerverifiedShow Answer

Critics of modernization suggest that underdevelopment is the result of postcolonialism, and that poor countries today cannot participate in the global economy because it is structured to extract and transfer what to developed nations?

Correct AnswerverifiedShow Answer

The European drive to enter the world economy of the 1500s led to a frenzied effort to procure what commodity?

Correct AnswerverifiedShow Answer

Which of these are requirements faced by governments receiving structural adjustment loans under neoliberal economic policies?

Correct AnswerverifiedShow Answer

Industrialized agriculture is noted in the text as having yielded dramatic increases in the overall food supply of the planet. At the same time, poverty and starvation have also gotten worse. What is the primary reason for this discrepancy?

Correct AnswerverifiedShow Answer

The position that the free market and free trade rather than the state are the main mechanisms for ensuring economic growth is associated with which theorist?

Correct AnswerverifiedShow Answer

In the past several decades, many companies have made effective use of flexible accumulation-the strategy used by transnational corporations to maximize profits. What is one of the reasons that a company like Walmart has grown in both size and profit?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedStudents should answer that all human be...View AnswerShow Answer

How are today's privatization programs, often associated with neoliberalism, an unsurprising result of Adam Smith's perspective on economic growth?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

In the United States, what form of economic system is taxation?

Correct AnswerverifiedShow Answer

What is the commodity most closely associated with early Chinese trade routes?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified
Students should discuss that Columbus so...
View Answer

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Correct Answer
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Correct Answer
verified

Correct Answer
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Students should answer that anthropologi...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Students should answer that all human be...
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Correct Answer
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