Humanities 125 - American Social Values » Spring 2021 » Chapter 18 Work and The Economy

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Question #1
By 2009, America had suffered several consecutive quarters of economic decline. America was in the midst of a:
A.   Recession
B.   Capital rebuttal
C.   Depression
D.   Economic sling-shot recovery
Question #2
Which of the following best defines the term commodity?
A.   An economic system which adheres to the principles of socialism.
B.   A physical object we find, grow, or make to meet our needs and those of others.
C.   A benefit given to those who participate in the capitalist market.
D.   An activity that benefits people, such as health care, education, and entertainment.
Question #3
Which of the following industries is not projected to experience growth within the United States within the next 10 years?
A.   Community and Social Service
B.   Financial
C.   Farming, Fishing, and Forestry
D.   Healthcare
Question #4
Jin is a conflict theorist sociologist. Which of the following statements about Occupy Wall Street would most align with Jin’s sociological perspective?
A.   Occupy Wall Street is a waste of time; our capitalistic economy is keeping our nation healthy, and is designed for maximum efficiency.
B.   Occupy Wall Street is positive; our capitalist economy is only making social inequality grow larger.
C.   Occupy Wall Street is a threat; with so many angry people gathered in one place, horrible violence will surely break out.
D.   Occupy Wall Street is dangerous; large crowds in these environments heighten the risk for sexual abuse and gender discrimination.
Question #5
Which of the following is an example of structural unemployment?
A.   John quits his job after getting accepted into law school.
B.   Though many companies are hiring in Washington D.C., unemployment is high in Tennessee.
C.   A large fire burns down an automotive plant in Detroit, forcing the employees temporarily out of work.
D.   Three sales associates from Target are fired after stealing merchandise from the electronics department.
Question #6
The term xenophobia can best be defined as:
A.   A hatred of corporate America and the lobbying push.
B.   A pronounced fear of globalization destroying one’s job.
C.   A marketing campaign aimed at foreign countries selling American goods.
D.   An illogical fear and even hatred of foreigners and foreign goods.
Question #7
What is one reason unemployment statistics are unreliable?
A.   Those surveyed frequently lie about their employment status.
B.   The statistics include only those who are currently looking for work.
C.   Different states define unemployment in different ways.
D.   The government only surveys those who have been out of work for a year or more.
Question #8
During what time period did economies begin to develop globally?
A.   The Industrial Revolution
B.   The Agricultural Revolution
C.   The Information Age
D.   The Post-Industrial Revolution
Question #9
Davis is low on cash, but really wants an electric guitar. He offers to trade his acoustic guitar, for his friend Bill’s electric guitar. Davis is engaging in:
A.   Bartering
B.   Supply and demand
C.   Mercantilism
D.   Capitalism
Question #10
Émile Durkheim described mechanical solidarity as:
A.   A practice where jobs are contracted to an outside source, often in another country
B.   A form of socialism under which individuals and cooperative groups exchange products with one another on the basis of mutually satisfactory contracts
C.   A form of social cohesion that comes from sharing similar work, education, and religion, as might be found in simpler societies
D.   A form of social cohesion that arises out of the mutual interdependence created by the specialization of work

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