Question

question 11
the mode of exchange that is characterized by regulation by supply and demand and transactions that are often impersonal (with strangers) but may be personal (with acquaintances or family members) is
a. market exchange.
b. redistribution.
c. foraging economy.
d. balanced reciprocity.
clear selection

Explanation:

• Market exchange is governed by supply and demand forces, and transactions can occur with strangers (impersonal) or acquaintances/family (personal).
• Redistribution involves central collection and reallocation, not supply-demand regulation.
• A foraging economy is subsistence-based, not a formal exchange mode defined by supply-demand.
• Balanced reciprocity is a reciprocal exchange of equal value, not regulated by supply and demand.

Answer:

a. market exchange.