Exam 13: The Economy and Work in Global Perspective

An example of __________ is the music industry,in which a few giant companies are behind many of the labels and artists known to consumers.

__________ is an economic system characterized by public ownership of the means of production,the pursuit of collective goals,and centralized decision making.

Competition is reduced over the long run by __________,where members of the board of directors of one corporation also sit on the board(s) of other corporations.

Trace the development of labor unions and describe some of the means by which workers resist working conditions they consider to be oppressive.

Once a surplus is accumulated,more people can engage in trade.Initially,the surplus goods of preindustrial economies are distributed through a system of __________,which is the direct exchange of goods or services considered of equal values by the traders.

Which of the following is NOT a characteristic of preindustrial economies?

In a postindustrial economy,traditional boundaries between work and home (public and private life) no longer exist because:

The economic recession also hit workers with disabilities hard.As of March 2011,persons age 16 years and over with a disability had an unemployment rate of __________ percent.

According to the __________ perspective,the economy is a vital social institution because it is the means by which needed goods and services are produced and distributed in a society.

Interlocking directorates increase competition by producing dependence.Individuals who serve on multiple boards are often able to forge cooperative arrangements that benefit their corporations,but not necessarily the general public.

Certain professions are undergoing a process of __________,in which some of the characteristics of a profession are eliminated.

__________ is the largest nonfinancial U.S.transnational corporation.

Which of the following is NOT a characteristic central to the postindustrial economy?

The collapse of the housing market lead to an overall financial crisis in the United States that quickly spread to other nations,causing the world gross domestic product to fall _________ in 2009.

Describe the functionalist perspective on economy and work in the U.S.

The flamboyant display of symbols of wealth,such as owning numerous mansions and expensive works of art and wearing extravagant jewelry and clothing,are examples of:

Discuss the five major characteristics of professionals.

During __________,plants are built,raw materials are ordered,workers are hired,and production increases.In addition,upward social mobility for workers and their families becomes possible.

As automobile and steel plants shifted to mass production,workers perceived that their needs were not being met.In 1935,the __________ was established to represent both skilled and unskilled workers in entire industries such as automobile manufacturing.

Steel workers who process metal ore and autoworkers,who then convert the ore into automobiles,trucks,and buses,are engaged in __________ production.