Exam 13: The Economy and Work

Discouraged workers, those who were once employed but no longer are looking for a job, are not counted as unemployed by the government.

The division of labor between men and women preserves the __________ of men.

Wages in the new service sector of the economy tend to be __________ those previously paid in the manufacturing sector.

__________ refers to employment that is temporary, contracted, leased, and other nonstandard arrangements.

Compared to other __________ nations, Americans work more hours.

A generation ago, workers tended to work for ______ employer(s) during their working years.

Historically, __________ have organized strikes, work slowdowns, and public relations campaigns to improve working conditions.

The proportional rate of unemployment for people of color tends to be ________ no matter the economic conditions.

__________ refers to the investment choices that involve the movement of corporate monies from one investment to another.

John works on an assembly line in a big warehouse for a manager where he has little control over the work he does or the products he produces. John is at a high risk for __________.

Alienation is limited to manual workers.

Efforts to increase worker efficiency by breaking down work into very specialized tasks and working with an assembly line production mentality is central to the concept of __________.

When an economic system is based on ownership of the means of production by the people for their collective benefit it is classified as a __________ system.

Describe Taylorization and discuss the effect it has on the plight of American workers.

When an economic system is based on private ownership of property and guided by the seeking of maximum profits it is classified as a __________ system.

Marx felt that when people are separated from each other, from themselves, and from the products they create, they are experiencing __________.

Matt has not actively sought work for over a month since losing his job last year. He is no longer counted as unemployed by the Bureau of Labor Statistics, but instead is being classified as a __________.

What did Adam Smith think about the role of government in the marketplace? Do his ideas still apply today?

A substandard working environment where labor laws are violated is called a __________.

Josh works in the IT industry as a computer systems analyst. His job can be characterized as in which of the following?