Exam 16: The Economy and Work

Prostitution and selling illegal drugs are typically part of the underground economy.

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

Socialism is correctly described as a "laissez-faire" economic system.

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

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

The operation of the global economy pays little regard to national borders.

The concepts "primary sector," "secondary sector," and "tertiary sector" refer only to how productive a sector is in terms of economic value.

What is the hypothetical economic and political system in which all people in society are socially equal?

Which of the following concepts refers to an economy based on computer technology?

Which sector of the economy generates raw materials directly from the natural environment?

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

Dependency theorists see large corporations as

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

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

A recent trend in the United States is a steady rise in the share of small businesses owned by women.

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

Over the course of human history,revolutionary changes in which of the following have brought great transformation to the economy?

Socialism has spread around the world to the point that,today,a majority of the world's nations have a socialist economic system.

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

The Industrial Revolution was based on