Cultural capital differs from social capital in that:

Select one:

a.social capital has to do with status and power in society while cultural capital has to do with art.

b.social capital refers specifically to personal relationships within networks that enable people to engage in economic activities while cultural capital has to do with status and power in society.

c.cultural capital has to do with status in society while social capital has to do with economic power in society.

d.Bourdieu defines cultural capital as a sub-category of the broader concept of social capital.

A neighborhood voted to develop a vacant lot into a vegetable garden. All of the neighbors worked the land and sowed the seeds. A few neighbors picked and ate the produce before the other neighbors had a chance. Which of the following could solve this example of the Tragedy of the Commons?

Select one:

a.The neighborhood divides the lot into equal size plots and each family can plant and harvest only on their plot.

b.The neighborhood continues to work the land and sow the seeds as a group, but sells all of the produce to willing buyers and reinvests the proceeds into the garden for the next year.

c.The neighborhood decides to stop gardening on this land because there is no equitable way to allocate the produce.

d.Both a and b are possible solutions to this example of the Tragedy of the Commons

A production possibility frontier illustrates the ________ facing an economy that ________ only two goods.

Select one:

a.prices; sells

b.trade-offs; produces

c.trade-offs; consumes

d.shortages; produces