Exam 13: Work and the Economy

The issue of work-life balance is particularly pronounced among Millennials, with 73 percent working more than 40 hours per week and 25 percent working more than 50 hours per week.

Communism is the name Karl Marx gave to the classless society that, he said, is bound to develop out of capitalism.

In the context of a market, what do we call the desirability and availability of goods and services?

A key feature of "good jobs" is the high degree of autonomy that workers often experience.

Harbinder is a lawyer for a busy Toronto law firm. How much of Canada's population is engaged in the same sector of the economy as she is?

Jeffrey works at a manufacturing plant where they recently had training on ways to get the best performance out of the equipment on the shop floor and how to do their jobs in the most efficient way possible. What do we call the kind of training that Jeffrey and his co-workers have undergone?

Which sector of the economy is manufacturing part of?

Productivity refers to the farming sector, fishing, logging, and mining.

Branch plants are typically set up in low-wage, low-tax nations.

As of 2009, Rogers Communications owned 460 retail stores, the Shopping Channel network, 54 radio stations, 70 consumer publications, the Toronto Blue Jays, and the Rogers Centre event venue, among other things. According to the textbook, what is Rogers Communications?

Which of the following is linked to increased rates of substance abuse, stress, aggression, and depression in Canada?

Who introduced scientific management principles into the workplace?

Ernie and Earl have a logging company in Northern British Columbia, and they employ 15 people. Which sector of the economy are these people engaged in?

The Canadian Medical Association is an example of a labour market shelter.

Benjamin is engaged in a heated argument with a classmate that a free market expands economic growth. Which perspective does Benjamin most likely subscribe to?

Because wage levels and other benefits are established by supply and demand, what type of market is the secondary labour market?

Compare and contrast scientific management and the human relations approach to work.

Which of the following is a distinctive feature of capitalism?

Liz is a civil engineer working for the municipality. She earns $80 000 per year, has a full benefits package, and often works outside the office, travelling and liaising with contractors at job sites. What type of job would the authors of the textbook argue she has?

Which of the following is one defining feature of corporations?