Asked by Carey D'Andrea on Sep 29, 2024

​The North American potlatch is an example of:

A) ​generalized reciprocity
B) ​balanced reciprocity
C) ​redistribution
D) ​market economy

Generalized Reciprocity

A mode of exchange in which the value of the gift is not calculated, nor is the time of repayment specified.

North American Potlatch

A ceremonial feast or gathering among indigenous peoples of the Pacific Northwest Coast of Canada and the United States, characterized by the distribution of gifts to affirm or establish status and prestige.

Balanced Reciprocity

A mode of exchange in which the giving and the receiving are specific as to the value of the goods and the time of their delivery.

  • Comprehend the concepts and forms of reciprocity and economic exchange in traditional and modern contexts.