The Kula Ring Functions to Do All of the Following

question 23

Multiple Choice

The Kula ring functions to do all of the following except:

• A)distribute scarce resources over a broad ecological zone
• B)distribute scarce resources over a broad ecological zone.
• C)gain power through the ability to give and receive highly valued prestige items.
• D)accumulate wealth in the hands of an upper-class elite.
• E)foster a ritual of ceremonial exchange.

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Definitions:

Allocative Efficiency

Occurs when resources are distributed in a way that maximizes the net benefit to society.

Least Costly Way

Refers to a method or strategy that aims to achieve a particular goal or produce a specific outcome with the minimum possible expense or use of resources.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, inversely related to income elasticity.