Question 1

The concept "oligopoly" refers to

Accepted Answer

A) any corporation with more than $1 billion in sales. 
B) the largest company in a particular field. 
C) domination of a market by a few producers. 
D) a large company operating in all three economic sectors. 
A) any corporation with more than $1 billion in sales. 
B) the largest company in a particular field. 
C) domination of a market by a few producers. 
D) a large company operating in all three economic sectors.

Question 2

One effect of computer technology is giving workers greater power over their employers.

Accepted Answer

A) True 
 B)False

Question 3

The U.S.workforce is becoming more "white," even as immigration rates rise.

Accepted Answer

A) True 
 B)False

Question 4

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 5

Conglomerates are giant corporations composed of many smaller corporations.

Accepted Answer

A) True 
 B)False

Question 6

Contrasted to socialist economic systems, capitalist economic systems typically

Accepted Answer

A) generate more economic inequality. 
B) generate less economic inequality. 
C) generate about the same level of inequality. 
D) do not generate any social equality. 
A) generate more economic inequality. 
B) generate less economic inequality. 
C) generate about the same level of inequality. 
D) do not generate any social equality.

Question 7

Denmark is an example of a European nation with a system of welfare capitalism in which high taxes pay for extensive government-provided benefits.

Accepted Answer

A) True 
 B)False

Question 8

Based on what you have read in this chapter, describe an economic system that you think would come closest to being "just." This economic system might be some combination of the types of economic systems described in theCHAPTER.Explain what you mean by "just" and how the system operates to generate "justice."

Accepted Answer

In my opinion, a mixed economy with a st

Question 9

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

Accepted Answer

A) a teacher who is on disability leave for a long time 
B) an executive who illegally "borrows" funds from the company 
C) a taxi driver who fails to report most of her income 
D) food servers who are paid less than the minimum wage 
A) a teacher who is on disability leave for a long time 
B) an executive who illegally "borrows" funds from the company 
C) a taxi driver who fails to report most of her income 
D) food servers who are paid less than the minimum wage

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Oligopoly refers to any company that operates in more than one country.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) farms 
B) factories 
C) assembly lines 
D) All of these are correct. 
A) farms 
B) factories 
C) assembly lines 
D) All of these are correct.

Question 13

The expansion of office work marks the growth of the economy's

Accepted Answer

A) primary sector. 
B) secondary sector. 
C) tertiary sector. 
D) None of these are correct. 
A) primary sector. 
B) secondary sector. 
C) tertiary sector. 
D) None of these are correct.

Question 14

What important changes in production defined the coming of the Industrial Revolution?

Accepted Answer

The Industrial Revolution was defined by

Question 15

Modernization theorists see large corporations as

Accepted Answer

A) offering little to help poor nations seeking to develop. 
B) unleashing the productive power of capitalism to speed development in poor nations. 
C) responsible for the debt crisis in many poor nations. 
D) needing the technology currently available in poor nations. 
A) offering little to help poor nations seeking to develop. 
B) unleashing the productive power of capitalism to speed development in poor nations. 
C) responsible for the debt crisis in many poor nations. 
D) needing the technology currently available in poor nations.

Question 16

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

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 17

Most self-employed persons are professionals.

Accepted Answer

A) True 
 B)False

Question 18

Looking at economies around the world, the primary sector is the largest in

Accepted Answer

A) high-income nations. 
B) middle-income nations. 
C) low-income nations. 
D) It is the same size in all nations. 
A) high-income nations. 
B) middle-income nations. 
C) low-income nations. 
D) It is the same size in all nations.

Question 19

The text describes three technological revolutions that transformed all of social life.Which of the following is NOT one of them?

Accepted Answer

A) the Agricultural Revolution 
B) the Industrial Revolution 
C) the Immigration Revolution 
D) the Information Revolution 
A) the Agricultural Revolution 
B) the Industrial Revolution 
C) the Immigration Revolution 
D) the Information Revolution

Question 20

Socialism is also called a "laissez-faire" economic system.

Accepted Answer

A) True 
 B)False

Exam 16: The Economy and Work

The concept "oligopoly" refers to

One effect of computer technology is giving workers greater power over their employers.

The U.S.workforce is becoming more "white," even as immigration rates rise.

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

Conglomerates are giant corporations composed of many smaller corporations.

Contrasted to socialist economic systems, capitalist economic systems typically

Denmark is an example of a European nation with a system of welfare capitalism in which high taxes pay for extensive government-provided benefits.

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

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

Oligopoly refers to any company that operates in more than one country.

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

The expansion of office work marks the growth of the economy's

What important changes in production defined the coming of the Industrial Revolution?

Modernization theorists see large corporations as

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

Most self-employed persons are professionals.

Looking at economies around the world, the primary sector is the largest in

The text describes three technological revolutions that transformed all of social life.Which of the following is NOT one of them?

Socialism is also called a "laissez-faire" economic system.

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

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