Using Excel, Best Paints estimates the log-linear weekly demand function for their gallon sized paints to be ln Qd = 16.23 - (1.85 × ln P). At a price of $20, what is the price elasticity of demand?
A) 0.0008 B) 1.85 C) 2.15 D) 0.05
B) 1.85
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In the 1970s a group of scientists known as the Club of Rome got together to assess global trends and predict the future of the world and the people on it. Using a neo-Malthusian perspective and computer models, they predicted which of the following?
A. There will be an infinite supply of natural resources for hundreds of years to come because biotechnology will make land more productive, and humans will invent new ways of doing things. B. The world, as we know it, will end abruptly in 2048 because of the greenhouse effect, coupled with a nuclear winter. C. Current global trends in population growth, energy consumption, and environmental pollution will exhaust the world's natural resources within the next 100 years. D. Biodiversity will increase, slowly smothering the world and all its occupants.
A reason that the Madagascar project to increase rice production was successful is that
A. there is a clear fit between capitalist development schemes and corporate descent-group social organization. B. the elites and the lower class were of different origins and therefore had no strong connections through kinship, descent, or marriage. C. it took into account that native forms of social organization inevitably break down into nuclear family organization, impersonality, and alienation. D. Malagasy leaders were of the peasantry, or had strong ties to it, and therefore were prepared to follow the descent-group ethic of pooling resources for the good of the group as a whole. E. the educated members of Malagasy society are those who have struggled to fend for themselves and therefore brought an innovative kind of independence to the project.
A Hindu person's caste status in India is:
A) ?inherited at birth. B) ?of little importance these days. C) ?linked to one of three castes. D) ?necessary to determine occupation.
An example of tribal leadership is the concept of the “Big Man.”
a. True b. False