Exam 13: The Economy

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Private ownership of the means of production is a necessary condition for socialism to exist.

(True/False)
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The work place is male-dominated largely because men have kept women in subordinate roles at work and home, and men act in their own best interests to retain power and keep women out of certain occupations.

(True/False)
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What are the effects of alienation on the nature of work?

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Institutions are interrelated sets of normative elements-norms, values, and role expectations-that have been devised and passed on through generations so that society's perpetually unfinished business can be attended to.

(True/False)
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An example of how the U.S. economy is NOT purely capitalistic would be________.

(Multiple Choice)
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Identify which of the following is a characteristic of megamergers.

(Multiple Choice)
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Scientific management emphasized specialization, which had the effect of________.

(Multiple Choice)
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For the majority of socialists the goal is absolute equality, rather than relative equality, with some acceptable disparities in living standards.

(True/False)
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The extent of the concentration of wealth among the major U.S. corporations is evident in the fact that less than one percent of all corporations account for ________ of the private-sector output.

(Multiple Choice)
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According to Karl Marx, alienation is the most significant contradiction that will doom capitalism.

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According to Eitzen and Baca-Zinn, work is central to the human experience.

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When an individual serves on the board of two or more companies, it is referred to as ________.

(Multiple Choice)
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________ refers to male dominance in work-related roles and is reflected in the fact that men tend to make the rules and enforce them, and they receive unequal and greater rewards.

(Multiple Choice)
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Migrant farm workers have a life expectancy equal to the national average.

(True/False)
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One significant fact of the dual labor market is that

(Multiple Choice)
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The most common contemporary technology for worker control is________.

(Multiple Choice)
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The anti-union policies of Presidents Reagan and Bush have contributed to the decline of unions in the United States.

(True/False)
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The principle of egalitarianism refers to________.

(Multiple Choice)
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The management tool of extortion refers to________.

(Multiple Choice)
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Competition is the mechanism that keeps individual profit seeking in check under pure capitalism.

(True/False)
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