Which of the following statements about potlatching is NOT true?
A) Potlatching is an example of competitive feasting.
B) Potlatching was misinterpreted as a classical case of economically wasteful behavior.
C) Potlatching is a form of exchange that has long-term adaptive value.
D) Potlatching is a case that proves that the profit-maximizing motive is a human universal.
E) Potlatching is well documented among Native American communities of the North Pacific Coast of North America.

Question

Quizplus · Accepted Answer

Potlatching is not a case that proves that the profit-maximizing motive is a human universal. In fact, it is an example of how cultural values and norms can shape economic behavior in ways that may not conform to the profit-maximizing model.

Which of the Following Statements About Potlatching Is NOT True