Design an archaeological project that will collect data amenable to the study of community layout.
What will be an ideal response?
Answers will vary.
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Refer to the table below. If the price of your good is $125, the price of the related good is $40, and the average income of consumers is $28,000, what is the point elasticity of demand?
The demand for your product demands on three factors; the price of your good, the price of a related good, and the average income of your customers. Excel estimated the above linear demand for your product.
A) 0.22 B) 1.20 C) 2.20 D) 0.12
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
What kind of exchange principle was prominent in Polynesian chiefdoms?
A. Market principle B. Redistribution C. Generalized reciprocity D. Balanced reciprocity E. Negative reciprocity
The __________ theory is currently the most widely used explanation among paleoanthropologists for the emergence of modern Homo sapiens.
A) single origin B) multiregional C) total replacement D) assimilation