Question 1

The economy did not emerge as a distinct social institution until the Industrial Revolution.

Accepted Answer

A) True 
 B)False

Question 2

The economy first became a distinct social institution during which historical era of societal development?

Accepted Answer

A)  hunting and gathering societies 
B)  agrarian societies 
C)  industrial societies 
D)  post-industrial societies 
A)  hunting and gathering societies 
B)  agrarian societies 
C)  industrial societies 
D)  post-industrial societies

Question 3

When in the history of human societies did the economy become a social institution distinct from the family and other institutions?

Accepted Answer

The economy became a social institution

Question 4

Most people with jobs in the primary labour market would probably rather have jobs in the secondary labour market.

Accepted Answer

A) True 
 B)False

Question 5

How do capitalism and socialism differ in overall productivity? What about economic inequality?

Accepted Answer

Capitalism and socialism differ in overa

Question 6

Conglomerates are giant corporations composed of many smaller corporations.

Accepted Answer

A) True 
 B)False

Question 7

What is the underground economy?

Accepted Answer

The underground economy, also known as t

Question 8

Explain how corporations operate as the core of the Canadian economy. How has the globalization of the economy made many corporations much larger? What are conglomerates? Look ahead to the world's economy at mid-century: Do you think large multinational corporations will dominate the world more than they do now? Is this good for the world's people? Why or why not?

Accepted Answer

Corporations operate as the core of the

Question 9

The social thinker whose ideas most supported the operation of a free-market economy was

Accepted Answer

A)  Thorstein Veblen. 
B)  Adam Smith. 
C)  Karl Marx. 
D)  Max Weber. 
A)  Thorstein Veblen. 
B)  Adam Smith. 
C)  Karl Marx. 
D)  Max Weber.

Question 10

The post-industrial economy is defined by

Accepted Answer

A)  the spread of factories. 
B)  mass production of goods and services. 
C)  manufacturing of raw materials. 
D)  service work and computer technology. 
A)  the spread of factories. 
B)  mass production of goods and services. 
C)  manufacturing of raw materials. 
D)  service work and computer technology.

Question 11

Identify specific positive and negative changes that would have to be made if you moved from a country with a capitalist economy to a country with a socialist economy. Clearly identify how you would handle these changes.

Accepted Answer

Moving from a capitalist economy to a so

Question 12

Computers are having which of the following effects on the workplace?

Accepted Answer

A)  Computers are increasing skilled labour. 
B)  Computers are promoting workplace interaction. 
C)  Computers enhance employers' control of workers. 
D)  Computers are making work less abstract. 
A)  Computers are increasing skilled labour. 
B)  Computers are promoting workplace interaction. 
C)  Computers enhance employers' control of workers. 
D)  Computers are making work less abstract.

Question 13

An example of a country with a mostly private economy and extensive social welfare programs is

Accepted Answer

A)  the United States. 
B)  Sweden. 
C)  Japan. 
D)  Singapore. 
A)  the United States. 
B)  Sweden. 
C)  Japan. 
D)  Singapore.

Question 14

Socialism is also called a "laissez-faire" economic system.

Accepted Answer

A) True 
 B)False

Question 15

What is a social institution? What is the economy?

Accepted Answer

A social institution is a complex, integ

Question 16

By about 1950, most of the people in the Canadian labour force had which type of jobs?

Accepted Answer

A)  white-collar 
B)  blue-collar 
C)  pink-collar 
D)  farming 
A)  white-collar 
B)  blue-collar 
C)  pink-collar 
D)  farming

Question 17

The Information Revolution has concentrated workers in offices, drawing people from a wide region into dense, central cities.

Accepted Answer

A) True 
 B)False

Question 18

One effect of computer technology is giving workers greater power over their employers.

Accepted Answer

A) True 
 B)False

Question 19

The concept "primary labour market" refers to

Accepted Answer

A)  jobs that provide extensive benefits to workers. 
B)  jobs typically taken by teenagers. 
C)  jobs that require no particular training or experience. 
D)  jobs that offer little pay and low security. 
A)  jobs that provide extensive benefits to workers. 
B)  jobs typically taken by teenagers. 
C)  jobs that require no particular training or experience. 
D)  jobs that offer little pay and low security.

Question 20

In Canada about what share of the population aged 16 and older is in the paid labour force?

Accepted Answer

A)  one-fifth 
B)  one-third 
C)  two-thirds 
D)  nine-tenths 
A)  one-fifth 
B)  one-third 
C)  two-thirds 
D)  nine-tenths

Exam 16: The Economy and Work

The economy did not emerge as a distinct social institution until the Industrial Revolution.

The economy first became a distinct social institution during which historical era of societal development?

When in the history of human societies did the economy become a social institution distinct from the family and other institutions?

Most people with jobs in the primary labour market would probably rather have jobs in the secondary labour market.

How do capitalism and socialism differ in overall productivity? What about economic inequality?

Conglomerates are giant corporations composed of many smaller corporations.

What is the underground economy?

The social thinker whose ideas most supported the operation of a free-market economy was

The post-industrial economy is defined by

Identify specific positive and negative changes that would have to be made if you moved from a country with a capitalist economy to a country with a socialist economy. Clearly identify how you would handle these changes.

Computers are having which of the following effects on the workplace?

An example of a country with a mostly private economy and extensive social welfare programs is

Socialism is also called a "laissez-faire" economic system.

What is a social institution? What is the economy?

By about 1950, most of the people in the Canadian labour force had which type of jobs?

The Information Revolution has concentrated workers in offices, drawing people from a wide region into dense, central cities.

One effect of computer technology is giving workers greater power over their employers.

The concept "primary labour market" refers to

In Canada about what share of the population aged 16 and older is in the paid labour force?

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