Question 1

According to historical records,what changes have been observed across countries due to world capitalism?

Accepted Answer

A) The inequitable distribution of wealth and power around the world persists. 
B) The divide between the rich and poor nations has decreased. 
C) The exploitation of less powerful people by the elite in core nations has reduced. 
D) The increased trade and investment produced by globalization has benefited all groups of people equally. 
A) The inequitable distribution of wealth and power around the world persists. 
B) The divide between the rich and poor nations has decreased. 
C) The exploitation of less powerful people by the elite in core nations has reduced. 
D) The increased trade and investment produced by globalization has benefited all groups of people equally. A

Question 2

An oligopoly is different from a monopoly in that an oligopoly is characterized by the ________.

Accepted Answer

A) control of a market by few companies 
B) multinational nature of the companies involved 
C) complete domination of some markets by a company 
D) control of a market by a conglomerate 
A) control of a market by few companies 
B) multinational nature of the companies involved 
C) complete domination of some markets by a company 
D) control of a market by a conglomerate A

Question 3

Which of the following government activities has the lowest share in the total budget of the United States?

Accepted Answer

A) defense disbursement 
B) social security programs 
C) social insurance programs for the elderly 
D) public assistance 
A) defense disbursement 
B) social security programs 
C) social insurance programs for the elderly 
D) public assistance D

Question 4

Which of the following is true of a socialist economy?

Accepted Answer

A) Goods and services are provided if people can afford to purchase them. 
B) The primary motivation for economic activity is to achieve profits. 
C) Decisions on what to produce and how to distribute products are made only by private owners. 
D) The primary motivation for economic activity is to achieve collective goals. 
A) Goods and services are provided if people can afford to purchase them. 
B) The primary motivation for economic activity is to achieve profits. 
C) Decisions on what to produce and how to distribute products are made only by private owners. 
D) The primary motivation for economic activity is to achieve collective goals.

Question 5

A form of restrictive growth in the marketplace in which one company controls a product or service is known as ________.

Accepted Answer

A) oligopsony 
B) monopoly 
C) monopsony 
D) duopoly 
A) oligopsony 
B) monopoly 
C) monopsony 
D) duopoly

Question 6

Why do supporters of the laissez-faire approach oppose big governments?

Accepted Answer

According to laissez-faire advocates,big

Question 7

According to the world-system theory,which of the following characteristics of capitalism has led to the emergence of an international stratification system?

Accepted Answer

A) its emphasis on the achievement of collective goals 
B) its ability to create a highly centralized structure for decisions regarding production and distribution 
C) its principle of producing goods based on people's needs rather than their purchasing ability 
D) its drive to expand and find new markets 
A) its emphasis on the achievement of collective goals 
B) its ability to create a highly centralized structure for decisions regarding production and distribution 
C) its principle of producing goods based on people's needs rather than their purchasing ability 
D) its drive to expand and find new markets

Question 8

The country of Ohana is a highly developed and technologically advanced country.Corporations in this country constantly search for other less-developed countries that can provide cheaper labor and can serve as sources of raw materials.Ohana is a ________.

Accepted Answer

A) peripheral nation 
B) third-world country 
C) semi-peripheral nation 
D) core nation 
A) peripheral nation 
B) third-world country 
C) semi-peripheral nation 
D) core nation

Question 9

Which of the following ideas has been expressed by proponents of an extreme power elite position with the intention of reducing the concentration of power and resources in societies?

Accepted Answer

A) Capitalism can be modified to work for the benefit of all people irrespective of their power. 
B) The avarice inherent in capitalism can be reduced by injecting an element of the public good into economic activities and decisions. 
C) Some form of mixed economy can be established to ensure that capitalism is possible in an economy characterized by equal sharing of wealth and power. 
D) A society based on capitalism can benefit only the powerful. 
A) Capitalism can be modified to work for the benefit of all people irrespective of their power. 
B) The avarice inherent in capitalism can be reduced by injecting an element of the public good into economic activities and decisions. 
C) Some form of mixed economy can be established to ensure that capitalism is possible in an economy characterized by equal sharing of wealth and power. 
D) A society based on capitalism can benefit only the powerful.

Question 10

What factors have contributed to the increasing hostility of the U.S.public toward unions?

Accepted Answer

Unions have been facing increased hostil

Question 11

What is the influence of large corporations on the social and economic policies of smaller nations?

Accepted Answer

Governments in smaller nations may delib

Question 12

Amy is a conflict theorist.She is most likely to describe a society to be ________.

Accepted Answer

A) made up of many interrelated and interdependent elements 
B) made of a variety of different interest groups that compete with one another over the resources available 
C) characterized by day-to-day interactions between people who use symbols to understand the meaning of these interactions 
D) characterized by maldistribution of resources and power that can be eliminated by collective action 
A) made up of many interrelated and interdependent elements 
B) made of a variety of different interest groups that compete with one another over the resources available 
C) characterized by day-to-day interactions between people who use symbols to understand the meaning of these interactions 
D) characterized by maldistribution of resources and power that can be eliminated by collective action

Question 13

What role do core nations play in the emergence of political and economic elites in the peripheral nations?

Accepted Answer

Through political,economic,and sometimes

Question 14

Why do some labor unions believe that the labor movement must become transnational?

Accepted Answer

If wages and working conditions are impr

Question 15

The economies of most nations today are ________.

Accepted Answer

A) market economies 
B) planned economies 
C) command economies 
D) traditional economies 
A) market economies 
B) planned economies 
C) command economies 
D) traditional economies

Question 16

The country of Renada follows capitalism.Which of the following problems is it most likely to face due to its economic system?

Accepted Answer

A) exploitation of workers by factory owners to increase their own profits 
B) the absence of a variety of quality products for consumers to choose from 
C) losses incurred by private owners due to the greater role played by the government in making economic decisions 
D) the inability of manufacturers to meet specific customer needs due to the pressure to achieve collective goals 
A) exploitation of workers by factory owners to increase their own profits 
B) the absence of a variety of quality products for consumers to choose from 
C) losses incurred by private owners due to the greater role played by the government in making economic decisions 
D) the inability of manufacturers to meet specific customer needs due to the pressure to achieve collective goals

Question 17

Cultural values in the United States place emphasis on ________.

Accepted Answer

A) the importance of democratic decision making 
B) government rights to control the destiny of the people 
C) collectivistic and public ownership of properties 
D) the importance of unequal concentration of power and wealth 
A) the importance of democratic decision making 
B) government rights to control the destiny of the people 
C) collectivistic and public ownership of properties 
D) the importance of unequal concentration of power and wealth

Question 18

What was the effect of the Internet and modern communication technologies on the job outsourcing patterns in the United States?

Accepted Answer

The Internet and modern communications t

Question 19

In capitalism,the production of goods is based on ________.

Accepted Answer

A) government orders 
B) power concentration 
C) economic demand 
D) collective goals 
A) government orders 
B) power concentration 
C) economic demand 
D) collective goals

Question 20

Why is the privatization of government activities considered to be ineffective in reducing the size of a government?

Accepted Answer

Privatization does not address the overa

According to historical records,what changes have been observed across countries due to world capitalism?

An oligopoly is different from a monopoly in that an oligopoly is characterized by the ________.

Which of the following government activities has the lowest share in the total budget of the United States?

Which of the following is true of a socialist economy?

A form of restrictive growth in the marketplace in which one company controls a product or service is known as ________.

Why do supporters of the laissez-faire approach oppose big governments?

According to the world-system theory,which of the following characteristics of capitalism has led to the emergence of an international stratification system?

The country of Ohana is a highly developed and technologically advanced country.Corporations in this country constantly search for other less-developed countries that can provide cheaper labor and can serve as sources of raw materials.Ohana is a ________.

Which of the following ideas has been expressed by proponents of an extreme power elite position with the intention of reducing the concentration of power and resources in societies?

What factors have contributed to the increasing hostility of the U.S.public toward unions?

What is the influence of large corporations on the social and economic policies of smaller nations?

Amy is a conflict theorist.She is most likely to describe a society to be ________.

What role do core nations play in the emergence of political and economic elites in the peripheral nations?

Why do some labor unions believe that the labor movement must become transnational?

The economies of most nations today are ________.

The country of Renada follows capitalism.Which of the following problems is it most likely to face due to its economic system?

Cultural values in the United States place emphasis on ________.

What was the effect of the Internet and modern communication technologies on the job outsourcing patterns in the United States?

In capitalism,the production of goods is based on ________.

Why is the privatization of government activities considered to be ineffective in reducing the size of a government?

Approaches to the Study of Social Problems

Family-Related Problems

Health and Illness

Education, Science, and Technology

Poverty

Race and Ethnic Relations

Gender,Sexual Orientation, and Social Inequality

Age and Social Inequality

Crime and Delinquency

Alcohol and Other Drugs

Prostitution, Pornography, and the Sex Trade

Population Growth and Urbanization

Environmental Problems

Violence, War, and Terrorism

Filters

Exam 2: Concentration of Power: Economic and Political Institutions

According to historical records,what changes have been observed across countries due to world capitalism?

An oligopoly is different from a monopoly in that an oligopoly is characterized by the ________.

Which of the following government activities has the lowest share in the total budget of the United States?

Which of the following is true of a socialist economy?

A form of restrictive growth in the marketplace in which one company controls a product or service is known as ________.

Why do supporters of the laissez-faire approach oppose big governments?

According to the world-system theory,which of the following characteristics of capitalism has led to the emergence of an international stratification system?

The country of Ohana is a highly developed and technologically advanced country.Corporations in this country constantly search for other less-developed countries that can provide cheaper labor and can serve as sources of raw materials.Ohana is a ________.

Which of the following ideas has been expressed by proponents of an extreme power elite position with the intention of reducing the concentration of power and resources in societies?

What factors have contributed to the increasing hostility of the U.S.public toward unions?

What is the influence of large corporations on the social and economic policies of smaller nations?

Amy is a conflict theorist.She is most likely to describe a society to be ________.

What role do core nations play in the emergence of political and economic elites in the peripheral nations?

Why do some labor unions believe that the labor movement must become transnational?

The economies of most nations today are ________.

The country of Renada follows capitalism.Which of the following problems is it most likely to face due to its economic system?

Cultural values in the United States place emphasis on ________.

What was the effect of the Internet and modern communication technologies on the job outsourcing patterns in the United States?

In capitalism,the production of goods is based on ________.

Why is the privatization of government activities considered to be ineffective in reducing the size of a government?

Approaches to the Study of Social Problems

Family-Related Problems

Health and Illness

Education, Science, and Technology

Poverty

Race and Ethnic Relations

Gender,Sexual Orientation, and Social Inequality

Age and Social Inequality

Crime and Delinquency

Alcohol and Other Drugs

Prostitution, Pornography, and the Sex Trade

Population Growth and Urbanization

Environmental Problems

Violence, War, and Terrorism

Filters