The Trobriand Islanders Have Relatively Equal Access to Economic Resources

question 20

Multiple Choice

The Trobriand Islanders have relatively equal access to economic resources and power, but some social groups do have unequal access to prestige. What type of society do they represent?

• A) ranked
• B) egalitarian
• C) a class society
• D) a caste society

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Definitions:

Negative Externalities

These are costs that are suffered by a third party as a result of an economic transaction, which are not reflected in the market price.

Positive Externalities

Benefits that are enjoyed by a third-party or the society at large as a result of an economic transaction.

Optimal Output

The level of production at which a firm or economy can produce goods at the lowest average cost, maximizing efficiency.

Government

The system or group of people governing an organized community, often a state, and the mechanisms and institutions through which they rule.