Meerkat Manor Assignment

Individuals seek to make themselves as marketable as possible. The second is that all firms attempt to amplify the amount of money that they make.The author states that “maximizing utility is not synonymous with acting selfishly” (pg.8). He uses the example of the 91-year-old woman who spent her life working as a laundress in Hattiesburg, Mississippi. She lived by herself and owned a black-and-white television with only one channel (pg.8). Before her death, the woman had given $150,000 to the University of Southern Mississippi to endow a scholarship for poor students. The woman derived more utility from saving money and giving it away than spending it on herself. The author talks about how the prices of goods affect everyday life. Most people probably do not realize the effects prices have on us. The author mentions the spike in gas prices in 2008. The high price of gas forced Americans to buy smaller cars. The high price also increased the use of public transportation. It also caused many Americans to switch from cars to motorcycle. This increase in the use of motorcycles in turn raised the number of motorcycle deaths in the U.S. This change in the price of a single item shows the significance that prices play in the lives of

Functionalist’s sees that society is made up of a range of different sub-systems which depend on each other, and that society needs these functions or order for survival and is vital towards society. Functionalists see the family as a very important sub-system, as it raises and teaches children norms and values. According to Peter Murdock, he argues that the family performs four main functions to meet the needs of society and the members of society. One of the

Daily economic activities have an important influence on personal financial planning. In our society, the forces of supply and demand play an important role in setting prices. Economics is the study of how wealth is created and distributed. By doing my research, I found that each economic situation would affect me at a personal level.

In a typical Blackfoot family, the father would go out and hunt and bring back supplies that the family might need. The mother would stay close to home and watch over the children while the father was out. The children were taught basic survival skills and culture as they grew up. It was generally said that both boys and girls learned to ride horses early. Boys would usually play with toy bows and arrows until they were old enough to learn how to hunt.

In the United States, we encounter quite a bit of obstacles that we can’t seem to get rid of completely. We as a nation deal with inflation, unemployment, stagflation, recessions, depressions, and so much more. Reading these three articles opened my eyes to the world of economics, and even made me question the society we live in. I’ve learned that sometimes questions can’t be answered, and I learned that once we solve one issue, there is always another issue on its way. These articles made me analyze, and think about the future of economics, and what I can do to try and help the economy. These authors of these three articles make it very clear that there are issues in the United States, and they do an amazing job

Sometimes the hunters even like to stuff the animals they killed so they can mount them in their house to show off. These hunters hunt all sorts of animals, not just one that you can usually find in the US. In other countries, it's more often than in the US to find poachers. These are hunters that kill endangered animals for the bragging rights and for the thrill of the kill.

Answer four (4) questions. Maximum of 400 words for each question. These are questions which require short answers to a series of issues relating to economic principles and concepts.

* From the scenario for Katrina’s Candies, examine the key factors affecting the demand for and the supply of a good in general and Katrina’s Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve).

Foraging for wild plants and hunting wild animals is the most ancient of human subsistence patterns. Prior to 10,000 years ago, all people lived in this way. Hunting and gathering continues to be the subsistence pattern of some societies around the world including the !Kung. The !Kung population is located in the Kalahari Desert, in isolated parts of Botswana, Angola, and Namibia. The !Kung live in a harsh environment with temperatures during the winter frequently below freezing, but during the summer well above 100F. The !Kung, like most hunter-gatherer societies, have a division of labor based mainly on gender and age.

4. Describe an example of a common financial resource, an expense, and a debt. These can be examples from your own life or from other people you know or can imagine. (3-6 sentences. 3.0 points)

As the father of modern family studies, Whittaker, J. K. and J. Garbarino. (1983) observed, 'We know too much about the family to be able to study it both objectively and easily 'Some family needs could be considered as being met through a combination of expressive and instrumental functions, such as child care, and health-related supports. This applies on both Case Studies.

Parsons list of functions is much shorter than Murdock’s; he argues that the family has to provide for the primary socialization of children by teaching them the acceptable rules and patterns of behaviour to ensure the stabilisation of society. Parsons analysis suggests that as society progresses the family naturally adapts and therefore shows how the family’s functions adapt to a modern society with less emphasis on the need for the family to fulfil the economic maintenance with outside agencies taking on some of the roles of the family.

Each family and each relationship has inputs and outputs within it. Inputs are received and used by the system to perform its designated function or achieve it goal. Outputs are outcomes or by-products of the system's activity that are returned to the environment. In other words, inputs are the impressions, experiences and interactions a family has ever day. Outputs are the results that are created from those experiences, impressions and interactions that are returned to the environment. Every input directly impacts the output, thus making it very important to expose oneself to positive outputs (Bryannan, 2000). Rules of operation are very important in the function of a family system. Rules of operation are guidelines that prescribe what is expected, allowed, and prohibited in a given set of circumstance. The rules of operation dictate what should happen and what should not happen . They create structure within the system that all members are to follow. Every single family has a different set of rules of operation, but every family at least has a small network of rules (Brown, 1999)

Murdock argues that the family performs four basic functions in all societies – sexual, reproductive,

Economics is a study of how society manages its scarce resources. The literal translation for economy is “one who manages a household.” “In an increasingly complex world connected by social and economic interaction and interdependence, news of stock market fluctuations, consumer confidence scores, and various economic indicators fill the media” (Broome & Preston-Grimes, 2011). This means that economics is everywhere, even in a home. Every household makes decisions that follow the economic principles. There are tradeoffs, and incentives. Supply and demand regularly show up in a household setting, as do decisions regarding limits on price and time. I