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Upper Paleolithic Cave Art Is Often Found in Very Obscure

question 39

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Upper Paleolithic cave art is often found in very obscure and difficult to access places such as the deepest recesses of caves, strongly suggesting a connection between the art and religious ritual.


Definitions:

Government Failure

Occurs when government intervention in the economy causes inefficiencies or leads to an allocation of resources that does not maximize societal welfare.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Externality

A consequence of an economic activity experienced by unrelated third parties; can be either positive or negative.

Resource Dependency

A theory in organizational studies that describes how external resources dictate the behaviors and strategies of organizations.

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