Which of the Following Statements About Potlatching Is NOT True

question 17

Multiple Choice

Which of the following statements about potlatching is NOT true?

• A) Potlatching is an example of competitive feasting.
• B) Potlatching was misinterpreted as a classical case of economically wasteful behavior.
• C) Potlatching is a form of exchange that has long-term adaptive value.
• D) Potlatching is a case that proves that the profit-maximizing motive is a human universal.
• E) Potlatching is well documented among Native American communities of the North Pacific Coast of North America.

---

Definitions:

Labor Supply Curve

A graphic representation showing the relationship between the wage rate and the quantity of labor that workers are willing to supply.

Marginal Cost

The extra cost incurred by producing one more unit of a product or service; important in determining the optimal production level.

Weekly Wage

The total of an individual's earnings before taxes and other deductions, received on a weekly basis for labor or services provided.

University

An institution of higher education and research, which awards academic degrees in various academic disciplines.