Humanities 125 - American Social Values » Winter 2023 » Work and the Economy Quiz

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Question #1
Keshawn used to work for an IT company in Baltimore, but lost his job when his company decided to use workers in New Delhi instead. This is an example of:
A.   Outsourcing
B.   The technology gap
C.   Polarization
D.   Automation
Question #2
Which of the following best defines the term commodity?
A.   A physical object we find, grow, or make to meet our needs and those of others.
B.   An economic system which adheres to the principles of socialism.
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
What was the significance of NAFTA?
A.   It forbade trade with any country that didn’t use a capitalist government.
B.   It restricted trade within North American countries by imposing a heavy tax and tariffs.
C.   It encouraged trade with North Korea, which had previously been embargoed.
D.   It allowed freer trade opportunities for the United States, Canada, and Mexico.
Question #4
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.   Capitalism
C.   Mercantilism
D.   Supply and demand
Question #5
Apple computers ship their computer parts to India to be made, and station their tech support in India. This is an example of a:
A.   Decisive export
B.   Global commodity chain
C.   Global assembly line
D.   Xenophobia
Question #6
Which of the following is an example of polarization?
A.   The job market is increasing in the lowest economic levels, and is increasing in the highest economic levels.
B.   Unemployment is down for those with PhDs and those without a high school education.
C.   The recession has encouraged many workers to earn their associate degrees.
D.   A professional career is guaranteed after earning a college degree.
Question #7
Which of the following industries is not projected to experience growth within the United States within the next 10 years?
A.   Farming, Fishing, and Forestry
B.   Community and Social Service
C.   Healthcare
D.   Financial
Question #8
By 2009, America had suffered several consecutive quarters of economic decline. America was in the midst of a:
A.   Recession
B.   Depression
C.   Economic sling-shot recovery
D.   Capital rebuttal
Question #9
Which of the following is not an example of underemployment?
A.   After his wife gave birth to twins, Jerry quit his job to help raise them.
B.   Following the recession, Ellen lost her fulltime job as a PR assistant and found part-time work as a cosmetic sales associate.
C.   When John’s sales job is outsourced he’s forced to take work as a janitor to pay off his student loans.
D.   After college graduation, Marcus could only find work part-time as a bartender.
Question #10
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 threat; with so many angry people gathered in one place, horrible violence will surely break out.
B.   Occupy Wall Street is a waste of time; our capitalistic economy is keeping our nation healthy, and is designed for maximum efficiency.
C.   Occupy Wall Street is dangerous; large crowds in these environments heighten the risk for sexual abuse and gender discrimination.
D.   Occupy Wall Street is positive; our capitalist economy is only making social inequality grow larger.

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