People Are Most Likely to Believe That Their Ancestors Play

question 52

Multiple Choice

People are most likely to believe that their ancestors play an active role in their lives in societies __________.

• A) where descent groups are important decision-making groups
• B) where mortality rates are high
• C) with a pastoral or food-collecting economy and nuclear-family households
• D) where many people live to an extremely old age

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Definitions:

Monopolistic Competitive Industries

Industries characterized by many firms offering slightly differentiated products, where each has some degree of market power.

Market Power

The ability of a firm or group of firms to raise and maintain prices above the level that would prevail under competition.

Positive Profits

Earnings that exceed the costs and expenses incurred to generate those earnings.

Price Elastic

Refers to the sensitivity of the quantity demanded of a good to a change in its price; high elasticity indicates that demand varies significantly with price.