Exam 16: The Economy and Work

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

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The concept "state capitalism" refers to a system in which:

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Capitalism is more productive than socialism, and capitalism also creates greater economic inequality.

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By about 1950, most of the people in the U.S. labor force had which type of job?

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Concerning the issue of personal freedom, capitalist systems emphasize people's _____, while socialist systems emphasize people's _____.

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Which category of the U.S. population is showing the greatest labor-force increase in percentage terms?

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The United States is a mostly capitalist nation because:

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Which of the following would be included in the operation of the underground economy?

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Which social institution is widely considered to have the greatest effect on society as a whole?

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The postindustrial economy is defined by:

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The economy organizes the production, distribution, and consumption of goods and services.

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Conglomerates are giant corporations composed of many smaller corporations.

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Which of the following statements about the Information Revolution is NOT correct?

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As societies industrialize, a smaller share of the population works in which of the following locations?

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

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

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