Question 1

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. C

Question 2

The social thinker whose ideas most supported the operation of a free-market economy was

Accepted Answer

A) Thorstein Veblen. 
B) Adam Smith. 
C) Karl Marx. 
D) Max Weber. 
A) Thorstein Veblen. 
B) Adam Smith. 
C) Karl Marx. 
D) Max Weber. B

Question 3

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

Accepted Answer

A) True 
 B)False  False

Question 4

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

Question 5

Monopoly refers to a corporation that operates within a single sector of the economy.

Accepted Answer

A) True 
 B)False

Question 6

A corporation is an organization with a legal existence apart from that of its members.

Accepted Answer

A) True 
 B)False

Question 7

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 8

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 9

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 10

In recent years,the lowest unemployment rates in the United States have been among teenagers.

Accepted Answer

A) True 
 B)False

Question 11

In the United States,the share of workers who are members of labor unions is higher today than ever before.

Accepted Answer

A) True 
 B)False

Question 12

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 13

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

Question 14

In the United States,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 15

The postindustrial economy is defined by

Accepted Answer

A) the spread of factories. 
B) mass production of goods and services. 
C) manufacturing of raw materials. 
D) service work largely based on computer technology. 
A) the spread of factories. 
B) mass production of goods and services. 
C) manufacturing of raw materials. 
D) service work largely based on computer technology.

Question 16

The development of agriculture was set in motion by

Accepted Answer

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

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

One key to industrialization was creating new sources of energy.

Accepted Answer

A) True 
 B)False

Question 19

The social thinker whose ideas supported the operation of a free-market economy most was

Accepted Answer

A) Thorstein Veblen. 
B) Adam Smith. 
C) Karl Marx. 
D) Max Weber. 
A) Thorstein Veblen. 
B) Adam Smith. 
C) Karl Marx. 
D) Max Weber.

Question 20

Compared to agricultural work,industrial jobs involve less specialization.

Accepted Answer

A) True 
 B)False

Exam 16: The Economy and Work

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

The social thinker whose ideas most supported the operation of a free-market economy was

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

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

Monopoly refers to a corporation that operates within a single sector of the economy.

A corporation is an organization with a legal existence apart from that of its members.

In recent decades,union membership

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

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

In recent years,the lowest unemployment rates in the United States have been among teenagers.

In the United States,the share of workers who are members of labor unions is higher today than ever before.

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

Socialism is an economic system in which there is

In the United States,yesterday's family farms have given way to

The postindustrial economy is defined by

The development of agriculture was set in motion by

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

One key to industrialization was creating new sources of energy.

The social thinker whose ideas supported the operation of a free-market economy most was

Compared to agricultural work,industrial jobs involve less specialization.

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