Exam 14: Capitalism and the Economy

In the early days of the new monetary system,stockholders were more willing to invest in corporations because of ____________,which limits their financial liability to whatever they invested in the company.

Serfs were the lowest class in the feudal system and were bound to the land they worked,yet they were not slaves.They were different from slaves because they:

At one time,insurance was:

The rise of large-scale production,the influx of peasants to urban areas to find work,and the rise of a system of wage labor caused the ____________ system to become obsolete in favor of a new system of legal currency.

Adam Smith argues that money is inherently social because:

The "typical" American family today is:

Karl Marx felt that workers in a capitalist society were alienated in four ways.List these four ways and give examples of each.

FBI consultant Robert Hare claimed that in the pursuit of profits for shareholders,corporations exhibit many of the same traits as:

Studies consistently show that mothers who work outside the home are less depressed,have higher self-esteem,and have a greater sense of happiness than mothers who are stay-at-home moms.Why do you think this might be? How has the feminist movement improved or hindered women's happiness?

The dominant economic system before the agricultural revolution was:

Which term refers to legally recognized persons who share many of the rights of an individual as well as act as legal entities by entering into contracts or owning property?

According to the textbook,what is the major reason unions are on the decline in the United States today?

Which term refers to the end result of negotiations among multiple players,enforcing rights,imposing sanctions,or encouraging business at a regional or worldwide level?

Corporations have what is called limited liability.What does this mean?

George lives in fifteenth-century England.He is bound to the land but does not own it.He works the land but must give a portion of his harvest to the landowner.In return,he gets protection from roaming bandits and thieves.George is a:

Corporations can dominate the market by offering the lowest prices,thereby attracting the most buyers.To do this,they may lower production costs by cutting environmental corners,weakening labor unions,and lying.Elaborate on some of the ways that corporations profit.

Which term describes the economy that revolves around providing intangible services such as restaurant work,health care provision,higher education,legal advice,computer tech support,and massage?

Barbara Risman equated gender inequality,in the form of marriage,to:

Some people consider corporations to be "psychotic" because corporations:

The Bell Telephone Company,which for decades was the only provider of telephone service in the United States,was a(n):