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1. Marcel Mauss argued that there is no such thing as a "free gift." Once given, the gift sets in motion special obligations with important social consequences. Describe and discuss the three obligations of the gift. Be sure to mention any social implications associated with each.
2. Discuss Kula as a total social phenomenon. What do social theorists mean when they speak of a total social phenomenon? What is the basic structure of Kula (how does it work)? In what ways is it a total social phenomenon?
3. Contrast Karl Polanyi's and Robbins Burling's definitions of "economic". What do each say about the applicability of these two definitions to societies around the world and through history? How does Frank Cancian attempt to resolve these issues?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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