Exam 13: The Economy

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Critics of democratic socialism argue that it is inefficient and interferes with individual freedom.

(True/False)
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What are two of the significant consequences of the shift in production from the United States to outside the country?

(Short Answer)
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Intercorporate monopolies refer to the linkage between corporations that results when one individual serves on the board of two or more companies or two companies each have a director on the board of a third company

(True/False)
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Migrant farm workers have a life expectancy ________ years below the national average.

(Multiple Choice)
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In 2009, the official unemployment rate reached __________.

(Multiple Choice)
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A commonly-held belief about unemployment is that it reduces inflationary pressures.

(True/False)
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How does the use of a bureaucratic hierarchy control workers?

(Short Answer)
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________ is necessary for true socialism and refers to equality of opportunity for self-fulfillment of all, equality rather than hierarchy in decision making, and equality in sharing the benefits of society.

(Multiple Choice)
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The reserve army of the unemployed is disproportionately composed of________.

(Multiple Choice)
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What are the negative consequences of megamergers?

(Short Answer)
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The middle class is _________ than in years past.

(Multiple Choice)
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According to Karl Marx, the "falling rate of profit" is a contradiction of capitalism that will bring about its collapse.

(True/False)
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Organized work is liberating to many women and contributes to the breakup of many families.

(True/False)
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Illustrate how the economy of the United States is not purely capitalistic.

(Essay)
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The segmented labor market has helped to diminish the racial and gender inequalities in the workplace.

(True/False)
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Identify which of the following is not a key condition that must be present for pure capitalism to exist.

(Multiple Choice)
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According to Karl Marx, in capitalism, worker alienation occurs because ________.

(Multiple Choice)
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Identify which of the following is not true of how the labor market reinforces racial, ethnic, and gender divisions.

(Multiple Choice)
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Large, bureaucratic organizations with stable production and sales, jobs requiring developed skills, and good pay are characteristic of the ________ of the labor market.

(Multiple Choice)
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Certain jobs, such as ________, have been prounion while other jobs, like ________, have been nonunionized.

(Multiple Choice)
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