Wape Villagers Avoid Quarreling with Each Other Because _______________

question 60

Multiple Choice

Wape villagers avoid quarreling with each other because _______________.

• A)they are afraid that a ghost will misdirect a bullet and kill a quarreling person during hunting
• B)they believe that a hunter misses his prey only because of the intervention of ancestral ghosts who are angry with quarreling in the community
• C)they know they will be put in jail by the NEW Guinea government
• D)a hunter will refuse to loan his gun to a quarreling person
• E)the ancestors will go away from their villages if they quarrel

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Definitions:

Government Failure

A situation where government intervention in the economy causes inefficiencies or leads to a misallocation of resources.

Government Intervention

Actions taken by a government to affect or control various aspects of the economy, such as regulations, subsidies, tariffs, and taxes to correct market failures and promote economic stability.

Regulatory Capture

A situation where regulatory agencies are dominated by the industries they are supposed to be regulating, leading to decision making that benefits the industry at the expense of the public good.

Economic Efficiency

A situation in which it is not possible to improve overall economic welfare by reallocating resources amongst individuals, implying no waste is occurring.