Question 1

The United States is a mostly capitalist nation because

Accepted Answer

A) the vast majority of productive businesses are privately owned. 
B) we have a system of free elections. 
C) of our high living standards. 
D) of the extensive government control of the economy. 
A) the vast majority of productive businesses are privately owned. 
B) we have a system of free elections. 
C) of our high living standards. 
D) of the extensive government control of the economy. A

Question 2

The development of agriculture was set in motion by

Accepted Answer

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

Question 3

One key to industrialization was creating new sources of energy.

Accepted Answer

A) True 
 B)False  True

Question 4

Globalization of the economy means that

Accepted Answer

A) world regions specialize in one sector of economic activity. 
B) more and more products pass through several nations. 
C) a small number of businesses represent a huge share of global economic output. 
D) All of these are correct. 
A) world regions specialize in one sector of economic activity. 
B) more and more products pass through several nations. 
C) a small number of businesses represent a huge share of global economic output. 
D) All of these are correct.

Question 5

The economy first became a distinct social institution during which historical stage of technological development?

Accepted Answer

A) hunting and gathering societies 
B) agrarian societies 
C) industrial societies 
D) postindustrial societies 
A) hunting and gathering societies 
B) agrarian societies 
C) industrial societies 
D) postindustrial societies

Question 6

In recent decades, union membership

Accepted Answer

A) has risen in the United States and other high-income nations. 
B) has risen in the United States, but not in other high-income nations. 
C) has declined in the United States, but not in other high-income nations. 
D) has declined in the United States and other high-income nations. 
A) has risen in the United States and other high-income nations. 
B) has risen in the United States, but not in other high-income nations. 
C) has declined in the United States, but not in other high-income nations. 
D) has declined in the United States and other high-income nations.

Question 7

What is welfare capitalism? How does Denmark illustrate the operation of this system?

Accepted Answer

Welfare capitalism is an economic and po

Question 8

Contrasted to socialist economic systems, capitalist economic systems are typically

Accepted Answer

A) equally productive. 
B) more productive. 
C) less productive. 
D) not concerned with productivity. 
A) equally productive. 
B) more productive. 
C) less productive. 
D) not concerned with productivity.

Question 9

In the history of human societies, when did the economy become a social institution distinct from the family and other institutions?

Accepted Answer

The emergence of the economy as a distin

Question 10

A recent trend in the United States is a steady rise in the share of small businesses owned by women.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) Computers are deskilling labor. 
B) Computers are limiting workplace interaction. 
C) Computers enhance employers' control of workers. 
D) All of these are correct. 
A) Computers are deskilling labor. 
B) Computers are limiting workplace interaction. 
C) Computers enhance employers' control of workers. 
D) All of these are correct.

Question 12

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 13

The global economy pays little regard to national borders.

Accepted Answer

A) True 
 B)False

Question 14

What are the three defining traits of capitalism?

Accepted Answer

Capitalism is an economic system charact

Question 15

Which of the following concepts refers to a political and economic system that combines a mostly market-based economy with extensive social welfare programs?

Accepted Answer

A) capitalism 
B) socialism 
C) welfare capitalism 
D) communism 
A) capitalism 
B) socialism 
C) welfare capitalism 
D) communism

Question 16

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

Accepted Answer

A) There was a shift from making tangible products to generating ideas. 
B) There was a shift from mechanical skills to literacy skills. 
C) There was a shift from farming to turning raw materials into finished products. 
D) There was a shift from working in factories to working almost anywhere. 
A) There was a shift from making tangible products to generating ideas. 
B) There was a shift from mechanical skills to literacy skills. 
C) There was a shift from farming to turning raw materials into finished products. 
D) There was a shift from working in factories to working almost anywhere.

Question 17

As a social institution, the economy

Accepted Answer

A) produces and distributes goods and services. 
B) guides the consumption of goods and services. 
C) operates in a relatively predictable manner. 
D) All of these are correct. 
A) produces and distributes goods and services. 
B) guides the consumption of goods and services. 
C) operates in a relatively predictable manner. 
D) All of these are correct.

Question 18

Agricultural production is part of the primary sector of the economy.

Accepted Answer

A) True 
 B)False

Question 19

Socialism has spread 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 20

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

Exam 16: The Economy and Work

The United States is a mostly capitalist nation because

The development of agriculture was set in motion by

One key to industrialization was creating new sources of energy.

Globalization of the economy means that

The economy first became a distinct social institution during which historical stage of technological development?

In recent decades, union membership

What is welfare capitalism? How does Denmark illustrate the operation of this system?

Contrasted to socialist economic systems, capitalist economic systems are typically

In the history of human societies, when did the economy become a social institution distinct from the family and other institutions?

A recent trend in the United States is a steady rise in the share of small businesses owned by women.

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

The global economy pays little regard to national borders.

What are the three defining traits of capitalism?

Which of the following concepts refers to a political and economic system that combines a mostly market-based economy with extensive social welfare programs?

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

As a social institution, the economy

Agricultural production is part of the primary sector of the economy.

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

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

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