Question 1

What is a profession? What are four characteristics of professional work?

Accepted Answer

A profession is a vocation or occupation

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

Read the four descriptions below.Which of them DOES NOT apply to a profession?

Accepted Answer

A) having theoretical knowledge of a field 
B) working for a large, well-established company 
C) having authority over clients 
D) professing a community, rather than an individual, orientation 
A) having theoretical knowledge of a field 
B) working for a large, well-established company 
C) having authority over clients 
D) professing a community, rather than an individual, orientation

Question 4

What are the primary labor market and the secondary labor market? What advantages and disadvantages characterize each type of work?

Accepted Answer

The primary labor market refers to jobs

Question 5

In a capitalist economic system, "justice" amounts to

Accepted Answer

A) doing what is best for society's poorest members. 
B) everyone being more or less economically equal. 
C) freedom of the marketplace allowing people to follow their self-interest. 
D) All of these are correct. 
A) doing what is best for society's poorest members. 
B) everyone being more or less economically equal. 
C) freedom of the marketplace allowing people to follow their self-interest. 
D) All of these are correct.

Question 6

Socialism is an economic system in which there is

Accepted Answer

A) collective control of production. 
B) private ownership of property. 
C) pursuit of individual profit. 
D) All of these are correct. 
A) collective control of production. 
B) private ownership of property. 
C) pursuit of individual profit. 
D) All of these are correct.

Question 7

In the United States, about what percentage of the labor force performs tertiary sector work?

Accepted Answer

A) 15 percent 
B) 35 percent 
C) 55 percent 
D) 85 percent 
A) 15 percent 
B) 35 percent 
C) 55 percent 
D) 85 percent

Question 8

The Information Revolution requires workers to gain literacy skills instead of the mechanical skills that were important during the Industrial Revolution.

Accepted Answer

A) True 
 B)False

Question 9

In the United States, union membership is higher today than ever before.

Accepted Answer

A) True 
 B)False

Question 10

Compare and contrast three types of economies according to their dominant technology: agrarian, industrial, and postindustrial.What are the characteristics of production in each? In what ways does each type of economy shape society as a whole?

Accepted Answer

Agrarian, industrial, and postindustrial

Question 11

By the early 1960s, most of the people in the U.S.labor force had which type of job?

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 12

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

Accepted Answer

A) True 
 B)False

Question 13

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

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

Accepted Answer

A) True 
 B)False

Question 15

The Industrial Revolution was based on

Accepted Answer

A) the spread of cottage industry. 
B) people beginning to work in their homes. 
C) a decrease in productive specialization. 
D) new sources of energy. 
A) the spread of cottage industry. 
B) people beginning to work in their homes. 
C) a decrease in productive specialization. 
D) new sources of energy.

Question 16

What is a social institution? What is the economy?

Accepted Answer

A social institution is a complex, integ

Question 17

The global economy pays little regard to national borders.

Accepted Answer

A) True 
 B)False

Question 18

In the United States about what share of the population aged sixteen and older is in the paid labor force?

Accepted Answer

A) 18 percent 
B) 38 percent 
C) 58 percent 
D) 78 percent 
A) 18 percent 
B) 38 percent 
C) 58 percent 
D) 78 percent

Question 19

Over the course of the last century, the number of people involved in agricultural work

Accepted Answer

A) has remained about the same. 
B) has declined steadily. 
C) has increased dramatically. 
D) has stayed the same, although a larger share of workers are immigrants. 
A) has remained about the same. 
B) has declined steadily. 
C) has increased dramatically. 
D) has stayed the same, although a larger share of workers are immigrants.

Question 20

Which of the following DOES 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

Exam 16: The Economy and Work

What is a profession? What are four characteristics of professional work?

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

Read the four descriptions below.Which of them DOES NOT apply to a profession?

What are the primary labor market and the secondary labor market? What advantages and disadvantages characterize each type of work?

In a capitalist economic system, "justice" amounts to

Socialism is an economic system in which there is

In the United States, about what percentage of the labor force performs tertiary sector work?

The Information Revolution requires workers to gain literacy skills instead of the mechanical skills that were important during the Industrial Revolution.

In the United States, union membership is higher today than ever before.

Compare and contrast three types of economies according to their dominant technology: agrarian, industrial, and postindustrial.What are the characteristics of production in each? In what ways does each type of economy shape society as a whole?

By the early 1960s, most of the people in the U.S.labor force had which type of job?

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

Yesterday's family farms have given way to

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

The Industrial Revolution was based on

What is a social institution? What is the economy?

The global economy pays little regard to national borders.

In the United States about what share of the population aged sixteen and older is in the paid labor force?

Over the course of the last century, the number of people involved in agricultural work

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

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