Question 1

Which of the following is considered a good?

Accepted Answer

A)  productive industries
B)  mass production
C)  an automobile
D)  FordismE) C) and D)
F) A) and D)

Question 2

Which of the following is true of corporate executive salaries?

Accepted Answer

A)  Globalization has had some negative effects on earnings for corporate executives.
B)  Corporate executive salaries have skyrocketed.
C)  Median CEO pay increased slightly during the recession.
D)  Median CEO pay has declined somewhat in the postcrisis period.E) B) and C)
F) A) and B)

Question 3

Explore the relationship between the growth of the service sector in the United States and its impact on the social class structure.Include discussion of the upper class, middle class, working class, and very poor.

Accepted Answer

Varies.Middle class is shrinking.Upper service sector class is becoming more and more concentrated.Low-wage service sector work growing.

Question 4

The term Fordism is sometimes used to describe scientific management.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not characteristic of postindustrial economies?

Accepted Answer

A)  increasing numbers of low-wage, part-time jobs
B)  a decreased emphasis on education
C)  an increased reliance on outsourcing and offshoring
D)  the growth of automation and flexible productionE) A) and B)
F) C) and D)

Question 6

Which type of society is most likely to feature a barter economy?

Accepted Answer

A)  hunting and gathering
B)  agricultural
C)  industrial
D)  postindustrialE) None of the above
F) A) and B)

Question 7

Explain the difference between the public sector and the private sector in a capitalist country.

Accepted Answer

In capitalist countries, the labor marke...

Question 8

Arlie Russell Hochschild used the term ______ to describe the commodification of emotions.

Accepted Answer

A)  emotional labor
B)  the future of work
C)  the service industry
D)  the technological revolutionE) A) and C)
F) None of the above

Question 9

Ciara has been offered an entry-level position in marketing.She tries to negotiate her salary, but is in a weak bargaining position due to the large number of qualified applications.Her situation reflects which of the following concepts?

Accepted Answer

A)  mass production
B)  industrialization
C)  scientific management
D)  reserve army of laborE) None of the above
F) B) and D)

Question 10

What is the largest remaining socialist country in the world today?

Accepted Answer

A)  India
B)  Russia
C)  South Africa
D)  ChinaE) All of the above
F) A) and D)

Question 11

Which of the following is true of the 1970s?

Accepted Answer

A)  The real value of workers' pay rose dramatically.
B)  Consumption continued to decline.
C)  Consumption continued to rise, driven by gains income.
D)  Consumption continued to rise, driven by the growing credit card markets.E) A) and D)
F) A) and B)

Question 12

Which term often describes low-cost foreign labor?

Accepted Answer

A)  outsourcing
B)  post-Fordism
C)  globalization
D)  knowledge workersE) All of the above
F) None of the above A

Question 13

Which of the following is true of the agricultural revolution?

Accepted Answer

A)  It decreased human productivity over that of earlier hunting, gathering, and pastoral societies.
B)  It was spurred by the development of innovations such as mass production and scientific management.
C)  The majority of people in agricultural societies produced surplus crops.
D)  The economic role of merchants emerged.E) A) and B)
F) B) and D) D

Question 14

Unionization slowed down after the Great Depression.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following refers to when companies seek to maximize profits by chasing opportunities to locate wherever conditions are most likely to result in the lowest costs?

Accepted Answer

A)  race to the bottom
B)  globalization
C)  deep integration
D)  short integrationE) None of the above
F) A) and B)

Question 16

Which of the following is true of work?

Accepted Answer

A)  It excludes paid labor in the factory or office.
B)  It excludes unpaid labor at home.
C)  It includes volunteer work in the community.
D)  It includes hobbies pursued purely for personal pleasure.E) A) and B)
F) A) and C)

Question 17

Who introduced modern mass production and the use of assembly lines in the early 1900s?

Accepted Answer

A)  Henry Ford
B)  Frederick Taylor
C)  Karl Marx
D)  George RitzerE) A) and B)
F) A) and C)

Question 18

Which of the following is true of capitalist systems?

Accepted Answer

A)  They emphasize highly regulated markets.
B)  They emphasize private economic decision-making about the goods and services that should be produced.
C)  Governments play a minor role in shaping economic life.
D)  They reject mass production.E) A) and B)
F) B) and C)

Question 19

Discuss the strengths and weaknesses of the economic system of socialism.

Accepted Answer

Successful in eliminating extreme povert...

Question 20

Explain how unemployment is measured in the United States by the Bureau of Labor Statistics.Provide a sociological critique of this measurement.Include a discussion of the prevalence of unemployment in a capitalist economic system.

Accepted Answer

Unemployed: people who are jobless, acti...

Exam 15: Work, Consumption, and the Economy

Which of the following is considered a good?

Correct AnswerverifiedShow Answer

Which of the following is true of corporate executive salaries?

Correct AnswerverifiedShow Answer

Explore the relationship between the growth of the service sector in the United States and its impact on the social class structure.Include discussion of the upper class, middle class, working class, and very poor.

Correct AnswerverifiedVaries.Middle class is shrinking.Upper service sector class is becoming more and more concentrated.Low-wage service sector work growing.

The term Fordism is sometimes used to describe scientific management.

Correct AnswerverifiedShow Answer

Which of the following is not characteristic of postindustrial economies?

Correct AnswerverifiedShow Answer

Which type of society is most likely to feature a barter economy?

Correct AnswerverifiedShow Answer

Explain the difference between the public sector and the private sector in a capitalist country.

Correct AnswerverifiedIn capitalist countries, the labor marke...View AnswerShow Answer

Arlie Russell Hochschild used the term ______ to describe the commodification of emotions.

Correct AnswerverifiedShow Answer

Ciara has been offered an entry-level position in marketing.She tries to negotiate her salary, but is in a weak bargaining position due to the large number of qualified applications.Her situation reflects which of the following concepts?

Correct AnswerverifiedShow Answer

What is the largest remaining socialist country in the world today?

Correct AnswerverifiedShow Answer

Which of the following is true of the 1970s?

Correct AnswerverifiedShow Answer

Which term often describes low-cost foreign labor?

Correct AnswerverifiedA

Which of the following is true of the agricultural revolution?

Correct AnswerverifiedD

Unionization slowed down after the Great Depression.

Correct AnswerverifiedShow Answer

Which of the following refers to when companies seek to maximize profits by chasing opportunities to locate wherever conditions are most likely to result in the lowest costs?

Correct AnswerverifiedShow Answer

Which of the following is true of work?

Correct AnswerverifiedShow Answer

Who introduced modern mass production and the use of assembly lines in the early 1900s?

Correct AnswerverifiedShow Answer

Which of the following is true of capitalist systems?

Correct AnswerverifiedShow Answer

Discuss the strengths and weaknesses of the economic system of socialism.

Correct AnswerverifiedSuccessful in eliminating extreme povert...View AnswerShow Answer

Explain how unemployment is measured in the United States by the Bureau of Labor Statistics.Provide a sociological critique of this measurement.Include a discussion of the prevalence of unemployment in a capitalist economic system.

Correct AnswerverifiedUnemployed: people who are jobless, acti...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Varies.Middle class is shrinking.Upper service sector class is becoming more and more concentrated.Low-wage service sector work growing.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
In capitalist countries, the labor marke...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A

Correct Answer
verified
D

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Successful in eliminating extreme povert...
View Answer

Correct Answer
verified
Unemployed: people who are jobless, acti...
View Answer