Question 1

Monopoly refers to a corporation that operates within a single sector of the economy.

Accepted Answer

A) True 
 B)False

Question 2

As a social institution, the economy

Accepted Answer

A)  produces goods and services. 
B)  guides the consumption of goods and services. 
C)  distributes goods and services. 
D)  All of these responses are correct. 
A)  produces goods and services. 
B)  guides the consumption of goods and services. 
C)  distributes goods and services. 
D)  All of these responses are correct.

Question 3

Explain how corporations operate as the core of the U.S.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 4

The concept "oligopoly" refers to

Accepted Answer

A)  any corporation with more than $1 billion in sales. 
B)  the largest company in a particular field. 
C)  domination of a market by a few producers. 
D)  a large company operating in all three economic sectors. 
A)  any corporation with more than $1 billion in sales. 
B)  the largest company in a particular field. 
C)  domination of a market by a few producers. 
D)  a large company operating in all three economic sectors.

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

An examination of socialist and capitalist systems suggests that political liberty and economic equality almost always go together.

Accepted Answer

A) True 
 B)False

Question 7

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 8

The sociologist closely associated with the power-elite model is C.Wright Mills.

Accepted Answer

A) True 
 B)False

Question 9

A totalitarian political system

Accepted Answer

A)  mixes politics with religion. 
B)  is completely democratic. 
C)  is government without any bureaucracy. 
D)  concentrates power and closely regulates people's lives. 
A)  mixes politics with religion. 
B)  is completely democratic. 
C)  is government without any bureaucracy. 
D)  concentrates power and closely regulates people's lives.

Question 10

People who attract followers, including Mahatma Gandhi and Martin Luther King, display

Accepted Answer

A)  traditional authority. 
B)  rational-legal authority. 
C)  charismatic authority. 
D)  power rather than authority. 
A)  traditional authority. 
B)  rational-legal authority. 
C)  charismatic authority. 
D)  power rather than authority.

Question 11

Large corporations dominate many markets in the global economy.

Accepted Answer

A) True 
 B)False

Question 12

Define the concepts of "monopoly" and "oligopoly." Why are these economic patterns controversial?

Accepted Answer

Monopoly refers to a market structure in

Question 13

In the United States, yesterday's family farms have given way to

Accepted Answer

A)  importing most foods from abroad. 
B)  collectively-run farming communes. 
C)  corporate agribusinesses. 
D)  smaller, individually-run farms. 
A)  importing most foods from abroad. 
B)  collectively-run farming communes. 
C)  corporate agribusinesses. 
D)  smaller, individually-run farms.

Question 14

Democracy and rational-legal authority are linked, just as monarchy and traditional authority are linked.

Accepted Answer

A) True 
 B)False

Question 15

Which sector of the economy generates raw materials directly from the natural environment?

Accepted Answer

A)  primary sector 
B)  secondary sector 
C)  tertiary sector 
D)  None of the other responses is correct. 
A)  primary sector 
B)  secondary sector 
C)  tertiary sector 
D)  None of the other responses is correct.

Question 16

The development of agriculture was set in motion by

Accepted Answer

A)  changes in the church. 
B)  using animals to pull the plow. 
C)  the discovery of writing. 
D)  the discovery of oil. 
A)  changes in the church. 
B)  using animals to pull the plow. 
C)  the discovery of writing. 
D)  the discovery of oil.

Question 17

What is the difference between power and authority?

Accepted Answer

Power and authority are two concepts tha

Question 18

In the United States, _____ people tend to vote Democratic, while _____ people mostly vote Republican.

Accepted Answer

A)  rural urban 
B)  urban rural 
C)  high-income low-income 
D)  conservative liberal 
A)  rural urban 
B)  urban rural 
C)  high-income low-income 
D)  conservative liberal

Question 19

Which social institution do most sociologists claim has the greatest effect on society as a whole?

Accepted Answer

A)  the family 
B)  the economy 
C)  the political system 
D)  religion 
A)  the family 
B)  the economy 
C)  the political system 
D)  religion

Question 20

Which nations in the world today claim to be democratic?

Accepted Answer

A)  all low-income nations 
B)  no nations 
C)  most high-income nations 
D)  all nations 
A)  all low-income nations 
B)  no nations 
C)  most high-income nations 
D)  all nations

Monopoly refers to a corporation that operates within a single sector of the economy.

As a social institution, the economy

The concept "oligopoly" refers to

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

An examination of socialist and capitalist systems suggests that political liberty and economic equality almost always go together.

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

The sociologist closely associated with the power-elite model is C.Wright Mills.

A totalitarian political system

People who attract followers, including Mahatma Gandhi and Martin Luther King, display

Large corporations dominate many markets in the global economy.

Define the concepts of "monopoly" and "oligopoly." Why are these economic patterns controversial?

In the United States, yesterday's family farms have given way to

Democracy and rational-legal authority are linked, just as monarchy and traditional authority are linked.

Which sector of the economy generates raw materials directly from the natural environment?

The development of agriculture was set in motion by

What is the difference between power and authority?

In the United States, _ people tend to vote Democratic, while _ people mostly vote Republican.

Which social institution do most sociologists claim has the greatest effect on society as a whole?

Which nations in the world today claim to be democratic?

Sociology: Perspective, Theory, and Method

Culture

Socialization

Social Interaction in Everyday Life

Groups and Organizations

Sexuality and Society

Deviance

Social Stratification

Global Stratification

Gender Stratification

Race and Ethnicity

Family and Religion

Education, Health, and Medicine

Population, Urbanization, and Environment

Social Change: Modern and Postmodern Societies

Filters

Exam 12: Economics and Politics

Monopoly refers to a corporation that operates within a single sector of the economy.

As a social institution, the economy

The concept "oligopoly" refers to

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

An examination of socialist and capitalist systems suggests that political liberty and economic equality almost always go together.

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

The sociologist closely associated with the power-elite model is C.Wright Mills.

A totalitarian political system

People who attract followers, including Mahatma Gandhi and Martin Luther King, display

Large corporations dominate many markets in the global economy.

Define the concepts of "monopoly" and "oligopoly." Why are these economic patterns controversial?

In the United States, yesterday's family farms have given way to

Democracy and rational-legal authority are linked, just as monarchy and traditional authority are linked.

Which sector of the economy generates raw materials directly from the natural environment?

The development of agriculture was set in motion by

What is the difference between power and authority?

In the United States, _____ people tend to vote Democratic, while _____ people mostly vote Republican.

Which social institution do most sociologists claim has the greatest effect on society as a whole?

Which nations in the world today claim to be democratic?

Sociology: Perspective, Theory, and Method

Culture

Socialization

Social Interaction in Everyday Life

Groups and Organizations

Sexuality and Society

Deviance

Social Stratification

Global Stratification

Gender Stratification

Race and Ethnicity

Family and Religion

Education, Health, and Medicine

Population, Urbanization, and Environment

Social Change: Modern and Postmodern Societies

Filters

In the United States, _ people tend to vote Democratic, while _ people mostly vote Republican.