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Exam 13: The Economy and Work

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Question 31

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When the Earth's peoples are increasingly interconnected economically, politically, culturally, and environmentally, we are in an era of __________.

A) alienation
B) globalization
C) outsourcing
D) capital flight

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Question 32

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The _______ is revolutionizing how business is transacted

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Question 33

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Describe the condition referred to as capital flight and discuss the conditions that have caused it. How does capital flight precipitate globalization? Ideal

The United States is in the midst of an economic transformation that is moving it to a(n) __________.

The main goal of scientific management is to __________.

Describe the nature of discrimination in the workplace.

Some societies organize their economic system in a way that benefits the collective as opposed to any one individual. This system is known as __________.

About __________ of the home loans in 2005 were subprime loans.

Bill works in a dimly lit factory where he is exposed to toxic chemicals and gets paid very little for working low hours. Bill works in __________.

What are the implications of globalization, including such agreements as NAFTA, CAFTA, and the like?

Companies use lie detector tests and drug tests to increase their __________ over workers.

Patrick wants to open a business in a country with a strong sense of community and egalitarianism. He thinks his company should be interested in the public good and is perfectly fine being subject to a democracy. Patrick would like to open his company in a __________ country.

An employment arrangement where employees work as temporaries or independent contractors and get few benefits from employers is __________.

Unemployed people who want to work but whose presence tends to depress the wages of other workers and keep them from making demands on their employers are known as __________.

Unemployment is evenly distributed among racial and ethnic groups.

Sweatshops are substandard work environments where workers are subject to __________.

The economic shift from manufacturing to service has resulted in __________.

Jerica's factory recently moved out of the United States to a country with cheaper labor where she will produce the same products at a lower cost in a practice known as __________.

Discuss the problems associated with the reporting of employment and unemployment statistics by the government.

How and why have unions lost power? What may happen as a result? Ideal