Question 1

In the United States, union membership is higher today than ever before.

Accepted Answer

A) True 
 B)False

Question 2

Socialism is an economic system in which there is

Accepted Answer

A)  collective control of production.
B)  private ownership of property.
C)  pursuit of individual profit.
D)  All of these are correct.E) All of the above
F) A) and D)

Question 3

Over the course of the last century, the number of people involved in agricultural work

Accepted Answer

A)  has remained about the same.
B)  has declined steadily.
C)  has increased dramatically.
D)  has stayed the same, although a larger share of workers are immigrants.E) None of the above
F) All of the above

Question 4

What are the primary labor market and the secondary labor market? What advantages and disadvantages characterize each type of work?

Accepted Answer

The primary labor market refers to jobs ...

Question 5

Which of the following DOES NOT describe the operation of a socialist economy?

Accepted Answer

A)  collective orientation
B)  government control of production
C)  laissez-faire economy
D)  command economyE) None of the above
F) A) and D)

Question 6

Compare and contrast three types of economies according to their dominant technology: agrarian, industrial, and postindustrial.What are the characteristics of production in each? In what ways does each type of economy shape society as a whole?

Accepted Answer

Agrarian, industrial, and postindustrial...

Question 7

The Industrial Revolution was based on

Accepted Answer

A)  the spread of cottage industry.
B)  people beginning to work in their homes.
C)  a decrease in productive specialization.
D)  new sources of energy.E) B) and C)
F) A) and D)

Question 8

The economy organizes the production, distribution, and consumption of goods and services.

Accepted Answer

A) True 
 B)False

Question 9

By the early 1960s, most of the people in the U.S.labor force had which type of job?

Accepted Answer

A)  white-collar
B)  blue-collar
C)  pink-collar
D)  farmingE) B) and D)
F) B) and C)

Question 10

Yesterday's family farms have given way to

Accepted Answer

A)  importing most foods from abroad.
B)  collectively-run farming communes.
C)  corporate agribusinesses.
D)  smaller, individually-run farms.E) All of the above
F) B) and C)

Question 11

The global economy pays little regard to national borders.

Accepted Answer

A) True 
 B)False

Question 12

The Information Revolution requires workers to gain literacy skills instead of the mechanical skills that were important during the Industrial Revolution.

Accepted Answer

A) True 
 B)False

Question 13

Read the four descriptions below.Which of them DOES NOT apply to a profession?

Accepted Answer

A)  having theoretical knowledge of a field
B)  working for a large, well-established company
C)  having authority over clients
D)  professing a community, rather than an individual, orientationE) A) and D)
F) B) and C)

Question 14

What is a social institution? What is the economy?

Accepted Answer

A social institution is a complex, integ...

Question 15

In the United States about what share of the population aged sixteen and older is in the paid labor force?

Accepted Answer

A)  18 percent
B)  38 percent
C)  58 percent
D)  78 percentE) All of the above
F) C) and D)

Question 16

What is a profession? What are four characteristics of professional work?

Accepted Answer

A profession is a vocation or occupation...

Question 17

In the United States, about what percentage of the labor force performs tertiary sector work?

Accepted Answer

A)  15 percent
B)  35 percent
C)  55 percent
D)  85 percentE) A) and C)
F) A) and B)

Question 18

In a capitalist economic system, "justice" amounts to

Accepted Answer

A)  doing what is best for society's poorest members.
B)  everyone being more or less economically equal.
C)  freedom of the marketplace allowing people to follow their self-interest.
D)  All of these are correct.E) A) and B)
F) All of the above

Question 19

The invention of the corporation is generally taken as the point at which a postindustrial society emerged.

Accepted Answer

A) True 
 B)False

Question 20

Capitalism is more productive than socialism, and capitalism also creates greater economic inequality.

Accepted Answer

A) True 
 B)False

Exam 16: The Economy and Work

Capitalism is more productive than socialism, and capitalism also creates greater economic inequality.

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What are the primary labor market and the secondary labor market? What advantages and disadvantages characterize each type of work?

Correct AnswerAnswered by ExamLex AIThe primary labor market refers to jobs ...View AnswerShow Answer

In a capitalist economic system, "justice" amounts to

Correct AnswerverifiedShow Answer

In the United States about what share of the population aged sixteen and older is in the paid labor force?

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The global economy pays little regard to national borders.

Correct AnswerverifiedShow Answer

In the United States, about what percentage of the labor force performs tertiary sector work?

Correct AnswerverifiedShow Answer

By the early 1960s, most of the people in the U.S.labor force had which type of job?

Correct AnswerverifiedShow Answer

What is a social institution? What is the economy?

Correct AnswerAnswered by ExamLex AIA social institution is a complex, integ...View AnswerShow Answer

Yesterday's family farms have given way to

Correct AnswerverifiedShow Answer

The economy organizes the production, distribution, and consumption of goods and services.

Correct AnswerverifiedShow Answer

Over the course of the last century, the number of people involved in agricultural work

Correct AnswerverifiedShow Answer

The Industrial Revolution was based on

Correct AnswerverifiedShow Answer

Read the four descriptions below.Which of them DOES NOT apply to a profession?

Correct AnswerverifiedShow Answer

The Information Revolution requires workers to gain literacy skills instead of the mechanical skills that were important during the Industrial Revolution.

Correct AnswerverifiedShow Answer

Socialism is an economic system in which there is

Correct AnswerverifiedShow Answer

Which of the following DOES NOT describe the operation of a socialist economy?

Correct AnswerverifiedShow Answer

Compare and contrast three types of economies according to their dominant technology: agrarian, industrial, and postindustrial.What are the characteristics of production in each? In what ways does each type of economy shape society as a whole?

Correct AnswerAnswered by ExamLex AIAgrarian, industrial, and postindustrial...View AnswerShow Answer

The invention of the corporation is generally taken as the point at which a postindustrial society emerged.

Correct AnswerverifiedShow Answer

In the United States, union membership is higher today than ever before.

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What is a profession? What are four characteristics of professional work?

Correct AnswerAnswered by ExamLex AIA profession is a vocation or occupation...View AnswerShow Answer

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The primary labor market refers to jobs ...
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A social institution is a complex, integ...
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Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Agrarian, industrial, and postindustrial...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
A profession is a vocation or occupation...
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