Exam 50: Economic Systems

For many years,there was only one long-distance telephone company in the United States-the American Telephone and Telegraph Company.This company was an example of a(n)

A particular computer software manufacturer creates a product that all computers are required to use.The exclusive product allows the manufacturer to dictate prices,standards of quality,and product availability.This manufacturer would be an example of a(n)

The sociocultural evolution approach developed by Gerhard Lenski categorizes preindustrial societies according to the way in which the ________ is organized.

Karl Marx believed that

Discuss the emergence of capitalism within an industrialized society.Include definitions of laissez-faire and monopoly in your answer.

Communism is an economic system in which

Moses is working on a kibbutz in Israel where all the members have the same standard of living and they equally divide the profits from the citrus crop that is the primary source of income for the community.This kibbutz is an example of which type of economic system?

Socialist societies differ from capitalist societies in the commitment of socialist societies to

The People's Republic of China,Vietnam,and Cuba are the remaining societies that serve as ideal types of communist systems.

Countries in Eastern Europe dismantled their socialist governments in the early 1980s.

Which of the following resources has recently led to unfettered capitalism in the Democratic Republic of Congo?

Laissez-faire is a form of ________ under which people compete freely with minimal government intervention in the economy.

The United States has considered a national health care system that would guarantee medical coverage to all citizens as a basic human right.The government's involvement in providing health care for all citizens is characteristic of which type of economic system?

Which of the following created a heightened demand for particular resources within the Democratic Republic of Congo?

Capitalism and socialism serve as ideal types of economic systems.

Which sociological perspective would most likely suggest that although pure monopolies are not a basic element of the U.S.economy,competition is still far more restricted than is ideal?

An unlicensed street vendor sells watches,which may have been stolen,from a makeshift stand in New York City's Times Square.Another individual repairs cars for "private" clients in a garage attached to his home.Neither reports their activities to the government.Both of these people are part of

Capitalism is an economic system in which

Which two theorists were most responsible for refining the theory of socialism?

In which type of economic system is the laissez-faire philosophy rejected,and the central government acting as a representative of the people makes basic economic decisions?