What sets prices in a market economy?

What will be an ideal response?


The impersonal forces of supply and demand set prices and therefore regulate the kinds of economic activity that occur.

Anthropology & Archaeology

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One of the most important economic activities carried out at Teotihuacan was:

A. slash-and-burn agriculture, as shown by the remains of hundreds of chinampas. B. the production and distribution of fine earthenware ceramics. C. the carving of jade ceremonial objects, as shown by jade debris and hundreds of broken jade figurines. D. manufacture of obsidian for local use and for export, as shown by the quantity of obsidian.

Anthropology & Archaeology

What are some of the differences between endogamy and exogamy, and how absolute is the distinction implied by these terms? Use examples to illustrate your argument.

What will be an ideal response?

Anthropology & Archaeology

Studies of Darwin's finches were done by:

A. Peter and Rosemary Grant B. Louis and Mary Leakey C. Robert and Rebecca Fitzroy D. Richard and Meave Leakey

Anthropology & Archaeology

Adaptations are:

a. ?always temporary. b. ?seen only in nonhuman animals. c. ?long-term evolutionary changes. d. ?short-term evolutionary changes. e. ?the same as acclimatization responses.

Anthropology & Archaeology