The Use of Anthropological Findings, Concepts, and Methods to Accomplish

question 40

Multiple Choice

The use of anthropological findings, concepts, and methods to accomplish a desired end is known as

• A)applied anthropology.
• B)economic anthropology.
• C)conceptual anthropology.
• D)sociobiology.
• E)participant observation.

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Definitions:

Price of Y

the cost associated with acquiring or purchasing a specific good or service, denoted symbolically as "Y".

Wage Rate

The amount of money paid to an employee per unit of time, often per hour or year.

Labor Supply

The total number of hours that workers are willing and able to work at a given wage rate.

Utility Maximizing

The economic principle that consumers will choose a combination of goods and services that maximize their overall satisfaction.