Define the different kinds of reciprocity that are discussed in the readings (it's necessary to read both the required materials for this week as well as the Week 5 Lesson). Explain these using examples of each from your own life

1. Generalized reciprocity: This is a way of giving someone a gift without expecting immediate return from the person.

2. Balanced Reciprocity: Gift is giving with immediate expectation of return from the person.

3. Negative Reciprocity: This happen when you expect someone to give something he or she is not ready to give.

Explanation:

Examples:

Generalized reciprocity: when any of my friends do shopping together and i paid so next time we do shopping again i do not expect him to pay the bill for me.

Balanced Reciprocity: In my own family, every member must buy at least a gift and a tally with name will be picked by members then you exchange your gift with the person.

Negative Reciprocity: I bought a new Laptop for $230 and after six month, i seriously need money for an important project, they offered $180.

the first part is ocean

explanation:

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.