Exam 11: The Economy

Which of the following is NOT one of the challenges faced by today's recent college graduates?

A shared monopoly occurs when four or fewer firms supply 50% or more of a particular market, performing much as a monopoly or cartel would. Another term for this is

Prior to the economic crisis of 2007 to 2009, the economy was already shifting away from manufacturing to services and information/knowledge. Tens of millions of mostly _____ jobs were lost permanently.

Since the founding of the Occupational Safety and Health Administration (OSHA), workplace fatalities have

The effects of the burst housing bubble fell disproportionately on minorities. By 2009 some 1.5 million homes, owned mostly by _____, were lost through subprime foreclosures.

Despite signs of economic recovery, the legacy of the Great Recession is _____ the U.S. economic system and the government's ability to address the economic difficulties faced by American families.

The late political observer Ivins said: "Capitalism ... is a dandy system for creating wealth, but it doesn't do squat for _____. No reason to expect it to-that's not its job."

Mr. Cabot serves on the boards of both the Big Bank of Money and the Super Soda Company. This type of interlocking directorate is a(n)

When researchers from the UC-Berkeley's Human Rights Center and a Washington D.C.-based group stated that "New federal laws have been passed to combat these crimes … but much more needs to be done, especially at the local level," they were talking about launching a broad-based campaign against modern-day

Which of the following is NOT one of the three principles of capitalism?

Even before the economic crisis of 2007 to 2009, employees in the United States were working about _____ more hours per year than their European counterparts.

Which of the following is the term for the linkage between corporations that results when an individual serves on the board of directors of two companies or when two companies each have a director on the board of a third company?

Minorities, especially _____, have the highest number of work-related deaths. Between 1992 and 2007, the rate of worker deaths for this group increased by 76%.

In 2013, more than 30,000 charges of _____ discrimination were filed with the U.S. Equal Employment Opportunity Commission.

Which of the following is one of the negative consequences of megamergers?

Scientific management was called by a term that based on the name of the concept's founder, who is

_____ provides individuals with their social identity, economic resources, and social location, it dominates their time, and it is a primary source of life's meaning.

According to Karl Marx, worker _____ occurs when workers do not have any control over their labor, are manipulated by managers, work in large impersonal settings, and work at specialized tasks.

In 2005, about 20% of home loans were _____, meaning they were loans sold to low-income people who had little chance of paying their mortgages, often under predatory terms that were especially unfavorable to the unsuspecting borrowers.

In addition to homeowners, _____ suffered during the housing bubble collapse and many faced eviction from their dwellings.