Question 1

Taken together,local,state,and federal governments are the U.S.'s largest single employer.

Accepted Answer

A) True 
 B)False

Question 2

Monopoly refers to a corporation that operates within a single sector of the economy.

Accepted Answer

A) True 
 B)False

Question 3

In the United States,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) B) and D)
F) B) and C)

Question 4

One effect of computer technology is giving workers greater power over their employers.

Accepted Answer

A) True 
 B)False  False

Question 5

The postindustrial economy is defined by

Accepted Answer

A)  the spread of factories.
B)  mass production of goods and services.
C)  manufacturing of raw materials.
D)  service work largely based on computer technology.E) A) and B)
F) A) and C)

Question 6

In recent years,the lowest unemployment rates in the United States have been among teenagers.

Accepted Answer

A) True 
 B)False

Question 7

The Information Revolution has concentrated workers in offices,drawing people from a wide region into dense,central cities.

Accepted Answer

A) True 
 B)False

Question 8

The economy first became a distinct social institution during which historical stage of technological development?

Accepted Answer

A)  hunting and gathering societies
B)  agrarian societies
C)  industrial societies
D)  postindustrial societiesE) A) and D)
F) B) and C)

Question 9

The social thinker whose ideas supported the operation of a free-market economy most was

Accepted Answer

A)  Thorstein Veblen.
B)  Adam Smith.
C)  Karl Marx.
D)  Max Weber.E) C) and D)
F) B) and D)

Question 10

In recent decades,union membership

Accepted Answer

A)  has risen in the United States and other high-income nations.
B)  has risen in the United States,but not in other high-income nations.
C)  has declined in the United States,but not in other high-income nations.
D)  has declined in the United States and other high-income nations.E) A) and B)
F) None of the above

Question 11

Which of the following statements about the Information Revolution is NOT correct?

Accepted Answer

A)  There was a shift from making tangible products to generating ideas.
B)  There was a shift from mechanical skills to literacy skills.
C)  There was a shift from farming to turning raw materials into finished products.
D)  There was a shift from working in factories to working almost anywhere.E) A) and B)
F) A) and C) C

Question 12

Which of the following concepts refers to a political and economic system that combines a mostly market-based economy with extensive social welfare programs?

Accepted Answer

A)  capitalism
B)  socialism
C)  welfare capitalism
D)  communismE) C) and D)
F) A) and D)

Question 13

The development of agriculture was set in motion by

Accepted Answer

A)  changes in the church.
B)  using animals to pull the plow.
C)  the discovery of writing.
D)  the discovery of oil.E) A) and B)
F) A) and C)

Question 14

A corporation is an organization with a legal existence apart from that of its members.

Accepted Answer

A) True 
 B)False

Question 15

The social thinker whose ideas most supported the operation of a free-market economy was

Accepted Answer

A)  Thorstein Veblen.
B)  Adam Smith.
C)  Karl Marx.
D)  Max Weber.E) All of the above
F) A) and B) B

Question 16

One key to industrialization was creating new sources of energy.

Accepted Answer

A) True 
 B)False

Question 17

Early factories in New England,where the Industrial Revolution first developed in the United States

Accepted Answer

A)  employed women for half the wages paid to men.
B)  manufactured textiles.
C)  discouraged any worker organizations.
D)  All of these responses are correct.E) C) and D)
F) A) and B)

Question 18

Compared to agricultural work,industrial jobs involve less specialization.

Accepted Answer

A) True 
 B)False

Question 19

In the United States,the share of workers who are members of labor unions is higher today than ever before.

Accepted Answer

A) True 
 B)False

Question 20

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 responses are correct.E) A) and D)
F) B) and C)

Exam 16: The Economy and Work

Taken together,local,state,and federal governments are the U.S.'s largest single employer.

Correct AnswerverifiedShow Answer

Monopoly refers to a corporation that operates within a single sector of the economy.

Correct AnswerverifiedShow Answer

In the United States,yesterday's family farms have given way to

Correct AnswerverifiedShow Answer

One effect of computer technology is giving workers greater power over their employers.

Correct AnswerverifiedFalse

The postindustrial economy is defined by

Correct AnswerverifiedShow Answer

In recent years,the lowest unemployment rates in the United States have been among teenagers.

Correct AnswerverifiedShow Answer

The Information Revolution has concentrated workers in offices,drawing people from a wide region into dense,central cities.

Correct AnswerverifiedShow Answer

The economy first became a distinct social institution during which historical stage of technological development?

Correct AnswerverifiedShow Answer

The social thinker whose ideas supported the operation of a free-market economy most was

Correct AnswerverifiedShow Answer

In recent decades,union membership

Correct AnswerverifiedShow Answer

Which of the following statements about the Information Revolution is NOT correct?

Correct AnswerverifiedC

Which of the following concepts refers to a political and economic system that combines a mostly market-based economy with extensive social welfare programs?

Correct AnswerverifiedShow Answer

The development of agriculture was set in motion by

Correct AnswerverifiedShow Answer

A corporation is an organization with a legal existence apart from that of its members.

Correct AnswerverifiedShow Answer

The social thinker whose ideas most supported the operation of a free-market economy was

Correct AnswerverifiedB

One key to industrialization was creating new sources of energy.

Correct AnswerverifiedShow Answer

Early factories in New England,where the Industrial Revolution first developed in the United States

Correct AnswerverifiedShow Answer

Compared to agricultural work,industrial jobs involve less specialization.

Correct AnswerverifiedShow Answer

In the United States,the share of workers who are members of labor unions is higher today than ever before.

Correct AnswerverifiedShow Answer

Socialism is an economic system in which there is

Correct AnswerverifiedShow Answer

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False

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C

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B

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