Question 1

Quick Quiz: Short Answer Question
-How do capitalism and socialism differ in overall productivity? What about economic inequality?

Accepted Answer

Capitalism and socialism differ in overa

Question 2

Which of the following do NOT describe the operation of a socialist economy?

Accepted Answer

A)  collective orientation 
B)  government control of production 
C)  laissez-faire economy 
D)  command economy 
A)  collective orientation 
B)  government control of production 
C)  laissez-faire economy 
D)  command economy

Question 3

Which of the following groups has the highest level of labour force participation in Canada?

Accepted Answer

A)  English 
B)  Aboriginal 
C)  Chinese 
D)  Japanese 
A)  English 
B)  Aboriginal 
C)  Chinese 
D)  Japanese

Question 4

Socialism is spreading around the world to the point that, today, a majority of the world's nations have a socialist economic system.

Accepted Answer

A) True 
 B)False

Question 5

Turning metals into automobiles is work that falls within the

Accepted Answer

A)  primary sector. 
B)  secondary sector. 
C)  tertiary sector. 
D)  quaternary sector. 
A)  primary sector. 
B)  secondary sector. 
C)  tertiary sector. 
D)  quaternary sector.

Question 6

Dependency theorists see large corporations as

Accepted Answer

A)  the key to meeting the needs of people in poor nations. 
B)  helping poor nations to develop local industries. 
C)  a major source of foreign investment for poor nations 
D)  intensifying global inequality. 
A)  the key to meeting the needs of people in poor nations. 
B)  helping poor nations to develop local industries. 
C)  a major source of foreign investment for poor nations 
D)  intensifying global inequality.

Question 7

What are the three defining traits of socialism?

Accepted Answer

Socialism is a political, social, and ec

Question 8

Adam Smith's idea was that, in a capitalist system, government tells businesses what to produce and tells consumers what to buy.

Accepted Answer

A) True 
 B)False

Question 9

In Canada, union membership is higher today than ever before.

Accepted Answer

A) True 
 B)False

Question 10

Explain the terms "brain drain" and "brain gain."

Accepted Answer

The term "brain drain" refers to the emi

Question 11

The concepts "primary sector," "secondary sector," and "tertiary sector" refer to how productive a sector is in terms of economic value.

Accepted Answer

A) True 
 B)False

Question 12

Today one farmer can feed how many people?

Accepted Answer

A)  5 
B)  14 
C)  75 
D)  10 000 
A)  5 
B)  14 
C)  75 
D)  10 000

Question 13

In recent decades, union membership

Accepted Answer

A)  has risen in Canada and other high-income nations. 
B)  has risen in Canada but not in other high-income nations. 
C)  has declined in Canada but not in other high-income nations. 
D)  has been stable in Canada at just over one-third of the labour force. 
A)  has risen in Canada and other high-income nations. 
B)  has risen in Canada but not in other high-income nations. 
C)  has declined in Canada but not in other high-income nations. 
D)  has been stable in Canada at just over one-third of the labour force.

Question 14

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 15

Over the course of human history, changes in which of the following have brought the greatest changes to the economy?

Accepted Answer

A)  productive technology 
B)  the family 
C)  population size 
D)  natural resources 
A)  productive technology 
B)  the family 
C)  population size 
D)  natural resources

Question 16

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

Accepted Answer

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

Question 17

The invention of the corporation is generally taken as the point at which a post-industrial society emerged.

Accepted Answer

A) True 
 B)False

Question 18

The Industrial Revolution accelerated with the development of which of the following new sources of energy?

Accepted Answer

A)  the gasoline engine 
B)  the steam engine 
C)  wind power 
D)  electricity 
A)  the gasoline engine 
B)  the steam engine 
C)  wind power 
D)  electricity

Question 19

In recent years, the lowest unemployment rates in Canada have been among Chinese Canadians.

Accepted Answer

A) True 
 B)False

Question 20

Almost 80% of university graduates in Canada are underemployed.

Accepted Answer

A) True 
 B)False

Exam 16: The Economy and Work

Quick Quiz: Short Answer Question -How do capitalism and socialism differ in overall productivity? What about economic inequality?

Which of the following do NOT describe the operation of a socialist economy?

Which of the following groups has the highest level of labour force participation in Canada?

Socialism is spreading around the world to the point that, today, a majority of the world's nations have a socialist economic system.

Turning metals into automobiles is work that falls within the

Dependency theorists see large corporations as

What are the three defining traits of socialism?

Adam Smith's idea was that, in a capitalist system, government tells businesses what to produce and tells consumers what to buy.

In Canada, union membership is higher today than ever before.

Explain the terms "brain drain" and "brain gain."

The concepts "primary sector," "secondary sector," and "tertiary sector" refer to how productive a sector is in terms of economic value.

Today one farmer can feed how many people?

In recent decades, union membership

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

Over the course of human history, changes in which of the following have brought the greatest changes to the economy?

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

The invention of the corporation is generally taken as the point at which a post-industrial society emerged.

The Industrial Revolution accelerated with the development of which of the following new sources of energy?

In recent years, the lowest unemployment rates in Canada have been among Chinese Canadians.

Almost 80% of university graduates in Canada are underemployed.

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