Exam 14: The Economy

The amount of goods and services that a nation produces is known as the

When an entire industry is controlled by a single company, this is called

Hunting and gathering societies had a(n) _____ economy, living off the land and with little or no surplus.

Stephen Schwarzman, one of the members of the global superclass, stated that _____ people make the world's major decisions.

_____ is any item, whether sea shells or gold, that serves as a medium of exchange.

The three largest multinational corporations are headquartered in

Back in 1973, which six characteristics did Daniel Bell ascribe to the postindustrial society?

In what century was the steam engine invented?

Which of the following statements about the gold standard is true?

As _____ do business across national borders, they become detached from the interests and values of their country of origin.

_____ believe(s) that the new global division of three main trading blocks benefits the multinational giants as well as the citizens of the world.

Democratic socialism is

The United States has adopted

The marriage of biology and economics in the _____ society is likely to yield greater surpluses than before and more extensive trade.

Corporations dominate an economy in