Question 1

Socialist economies create greater economic equality than capitalist economies, but with a lower overall living standard.

Accepted Answer

A) True 
 B)False

Question 2

What percentage of today's U.S.workers are self-employed?

Accepted Answer

A) 6.8 percent 
B) 26.8 percent 
C) 46.8 percent 
D) 66.8 percent 
A) 6.8 percent 
B) 26.8 percent 
C) 46.8 percent 
D) 66.8 percent

Question 3

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

Accepted Answer

A) the government owns and operates most economic enterprises. 
B) privately-owned companies cooperate closely with the government. 
C) the government owns but does not operate most economic enterprises. 
D) large businesses control the government. 
A) the government owns and operates most economic enterprises. 
B) privately-owned companies cooperate closely with the government. 
C) the government owns but does not operate most economic enterprises. 
D) large businesses control the government.

Question 4

The use of computers by workers tends to limit workplace interaction.

Accepted Answer

A) True 
 B)False

Question 5

The self-employed are more likely to have blue-collar jobs than white-collar jobs.

Accepted Answer

A) True 
 B)False

Question 6

What arguments are made in favor of a free-market economy? What are the arguments made by those who favor a large regulatory role for government? Consider issues such as economic productivity, economic inequality, and the extent of corporate welfare.Also, how do the recent corporate scandals, beginning with the collapse of the Enron energy trading company, play in to this debate?

Accepted Answer

Arguments in favor of a free-market econ

Question 7

Taken together, local, state, and federal governments are the U.S.'s largest single employer.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) white men 
B) Hispanic women 
C) white women 
D) African American women 
A) white men 
B) Hispanic women 
C) white women 
D) African American women

Question 9

Which of the following new sources of energy launched the Industrial Revolution?

Accepted Answer

A) the gasoline engine 
B) the steam engine 
C) wind power 
D) electricity 
A) the gasoline engine 
B) the steam engine 
C) wind power 
D) electricity

Question 10

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

Accepted Answer

Monopoly refers to a market structure in

Question 11

Less than 2 percent of today's U.S.labor force works in agriculture.

Accepted Answer

A) True 
 B)False

Question 12

Although there are many privately-owned companies in the United States, most of the U.S.economy is owned and operated by the government.

Accepted Answer

A) True 
 B)False

Question 13

What are the three defining traits of socialism?

Accepted Answer

Socialism is a political, social, and ec

Question 14

Name the three sectors of the economy.Give an example of production in each sector.

Accepted Answer

The three sectors of the economy are:

1

Question 15

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

Accepted Answer

A) collective needs; personal needs 
B) freedom from basic want; freedom to pursue their self-interest 
C) freedom to pursue their self-interest; freedom from basic want 
D) social needs; material needs 
A) collective needs; personal needs 
B) freedom from basic want; freedom to pursue their self-interest 
C) freedom to pursue their self-interest; freedom from basic want 
D) social needs; material needs

Question 16

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

Accepted Answer

A) white men 
B) Hispanic women 
C) white women 
D) African American women 
A) white men 
B) Hispanic women 
C) white women 
D) African American women

Question 17

Early factories in New England, where the Industrial Revolution first developed in the United States

Accepted Answer

A) employed women for half the wages paid to men. 
B) manufactured textiles. 
C) discouraged any worker organizations. 
D) All of these are correct. 
A) employed women for half the wages paid to men. 
B) manufactured textiles. 
C) discouraged any worker organizations. 
D) All of these are correct.

Question 18

The Information Revolution has concentrated workers in offices, drawing people from a wide region into dense, central cities.

Accepted Answer

A) True 
 B)False

Question 19

An example of a European country with a mostly private economy and extensive social welfare programs is

Accepted Answer

A) Germany. 
B) Sweden. 
C) Spain. 
D) All of these are correct. 
A) Germany. 
B) Sweden. 
C) Spain. 
D) All of these are correct.

Question 20

How do capitalism and socialism differ in overall productivity? What about economic inequality?

Accepted Answer

Capitalism and socialism differ in overa

Exam 16: The Economy and Work

Socialist economies create greater economic equality than capitalist economies, but with a lower overall living standard.

What percentage of today's U.S.workers are self-employed?

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

The use of computers by workers tends to limit workplace interaction.

The self-employed are more likely to have blue-collar jobs than white-collar jobs.

Taken together, local, state, and federal governments are the U.S.'s largest single employer.

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

Which of the following new sources of energy launched the Industrial Revolution?

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

Less than 2 percent of today's U.S.labor force works in agriculture.

Although there are many privately-owned companies in the United States, most of the U.S.economy is owned and operated by the government.

What are the three defining traits of socialism?

Name the three sectors of the economy.Give an example of production in each sector.

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

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

Early factories in New England, where the Industrial Revolution first developed in the United States

The Information Revolution has concentrated workers in offices, drawing people from a wide region into dense, central cities.

An example of a European country with a mostly private economy and extensive social welfare programs is

How do capitalism and socialism differ in overall productivity? What about economic inequality?

The Sociological Perspective

Sociological Investigation

Culture

Society

Socialization

Social Interaction in Everyday Life

Groups and Organizations

Sexuality and Society

Deviance

Social Stratification

Social Class in the United States

Global Stratification

Gender Stratification

Race and Ethnicity

Aging and the Elderly

Politics and Government

Families

Religion

Education

Health and Medicine

Population, Urbanization, and Environment

Collective Behavior and Social Movements

Social Change: Traditional

Filters

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