As a result of an increase in the price of a substitute for your firm's product, you should anticipate a ________ price for your product than the current equilibrium price and a ________ equilibrium quantity than the current equilibrium quantity.
A) higher; higher
B) higher; lower
C) lower; higher
D) lower; lower
A) higher; higher
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The most important anthropological research tool by far is participant observation
a. True b. False
If an insurmountable barrier to entry is lifted and a market that was once dominated by a monopolist is now perfectly competitive, the total surplus will ________.
A) decrease B) increase C) not change D) decrease by exactly 50 percent
Survey research differs from ethnography because survey research
A. generally focuses on a subset of a larger population. B. is based on first-hand fieldwork. C. has traditionally been used to study small-scale, nonindustrial societies. D. is more personal. E. studies whole functioning communities.
Chayanov's rule states that when resources are converted primarily to household consumption, people will work harder if __________
A) there are more consumers in the household B) everyone in the household contributes to their ability C) everyone in the household contributes the same amount of labor D) there are fewer consumers in the household