Question 1

There are two producers of wagon wheels that together are the exclusive providers to a large community.The executives of these companies meet to set minimum prices and production levels,thereby ensuring that they each will make a higher profit than they would in a free market.This is an example of a(n) :

Accepted Answer

A)   monopoly.
B)   oligopoly.
C)   autocracy.
D)   dictatorship.

Question 2

How did the enclosure movement change the economy in the early Tudor period in England? The enclosure movement:

Accepted Answer

A)   caused the price of land to rise.
B)   undermined the lords' source of authority.
C)   created a large,new pool of urban labor.
D)   made agriculture untenable in England.

Question 3

The personal bankruptcy rate in America is higher than it has ever been.Why? Do any theories or theorists help explain this trend?

Accepted Answer

One in ten families now applies for bank...

Question 4

Angela is writing a story about a "typical American family." She researches the work lives of the statistically typical family and concludes that her story will feature:

Accepted Answer

A)   a husband and wife who both work.
B)   a husband who is the main provider.
C)   a single mother who is the main provider.
D)   a husband,wife,and live-in grandparents who all work.

Question 5

Adam Smith argues that money is inherently social because:

Accepted Answer

A)   it requires an employment relationship between an employer and employee.
B)   it requires complex social and governmental institutions to ensure that markets work properly.
C)   any and all economic exchange requires two partners.
D)   economic activity draws people together in contexts where they can discover friendship or affinity.

Question 6

Feminist sociologists claim that the family wage is a patriarchal bargain because it implies that:

Accepted Answer

A)   women depend on a man's wage.
B)   women aren't smart enough to get a high-paying job.
C)   the money men earn is worthless.
D)   a family needs to have a male head.

Question 7

Serena works for a shoemaker in a small shop,doing a variety of tasks.At the end of the week,the shoemaker offers her a choice: She can be paid with cash,or with her choice of a pair of shoes.Serena chooses cash,which confirms Georg Simmel's theory that says ________ is part of a historical evolution of economy that has many advantages.

Accepted Answer

A)   the drive for exchange
B)   the development of the corporation
C)   depersonalized exchange
D)   the shift from feudalism to bartering to in-kind payment

Question 8

During the agricultural revolution,the enclosure movement caused many former serfs to move to cities in search of work and led to the rise of:

Accepted Answer

A)   wage labor.
B)   apartment rentals.
C)   the police force.
D)   wars between England and India.

Question 9

One good thing about a salary,according to Simmel,is that:

Accepted Answer

A)   you are always paid higher than a wage earner.
B)   it is the same as piecework payment: one can barter to get a higher wage.
C)   workers still get paid,even if the electricity goes out for the day and no work gets done.
D)   it lasts long after a person has retired.

Question 10

According to sociologists Jerry Jacobs and Kathleen Gerson,because workers want to advance in their careers,many avoid taking full advantage of:

Accepted Answer

A)   health insurance benefits.
B)   education opportunities.
C)   the family wage.
D)   family-friendly office policies.

Question 11

Toma is a nineteenth-century peasant who moved to a city to find work.Back in his village,most of Toma's transactions were bartered-swapping an animal for cloth or potatoes for a tool.In the city,monetization governs wage labor,which means that:

Accepted Answer

A)   workers can barter among themselves if they wish.
B)   legal currencies are used in financial exchanges.
C)   money flows from the poor to the rich.
D)   workers experience alienation because they can no longer barter.

Question 12

In discussing financial changes that influenced the economic volatility of recent years,Adeel Qalbani describes how commercial banks are mostly ________,but investment banks are mostly ________.

Accepted Answer

A)   heavily regulated; less regulated
B)   productivity enhancing; rent seeking
C)   ethical; corrupt
D)   for the poor; for the wealthy

Question 13

Barbara Risman equated gender inequality,in the form of marriage,to:

Accepted Answer

A)   religion.
B)   sexism.
C)   feminism.
D)   racism.

Question 14

Globalization in the twenty-first century is characterized by:

Accepted Answer

A)   the movement of labor across the world quickly and efficiently to those places it is most needed.
B)   the rise of the West,with U.S.and European financial centers dominating global trade.
C)   the emergence of new markets,new means of exchange,new players,and new rules that are intensifying worldwide interdependencies.
D)   fusions of previous economic forms,such as feudalism and bartering.

Question 15

Karl has been hired to paint a house blue,but he mixes the color wrong,and it turns out purple instead of blue.Under which wage system(s) would he be responsible for paying for new paint?

Accepted Answer

A)   piecework and payment in kind
B)   wage labor
C)   payment in kind
D)   piecework

Question 16

Martin decides to start a religious movement of people who both work and worship with intensity.He studies religious history and decides to create a theology that will make people feel insecure about their eternal destiny so that they will work hard in an attempt to prove themselves worthy.Martin's religious movement is an application of whose theory?

Accepted Answer

A)   Karl Marx
B)   Georg Simmel
C)   Adam Smith
D)   Max Weber

Question 17

At Thanksgiving dinner,college student Janie expresses her dreams to her parents.Her aunt says,"I'm not sure that's realistic,honey!" Janie says,"I'm a postfeminist! That's why I expect to ________."

Accepted Answer

A)   be a stay-at-home mom of a large family
B)   be a single mother
C)   combine marriage to an egalitarian man with motherhood and a successful career
D)   avoid having children,hence allowing my career to blossom

Question 18

What is a major reason unions are on the decline in the United States today?

Accepted Answer

A)   It is felt that unions increase productivity.
B)   The government does a better job at collective bargaining for workers.
C)   People don't trust unions,saying they are corrupt and outdated.
D)   The Freedom of Association Act was repealed in 1949.

Question 19

Because the monetary system is increasingly depersonalized,George Simmel argues that it is now possible to:

Accepted Answer

A)   work for someone you don't like.
B)   marry someone from a lower class.
C)   have true friendships.
D)   do shoddy work.

Question 20

If you are a salaried worker and you miss a day of work,how does your salary change?

Accepted Answer

A)   It doesn't change.
B)   You have to pay your employer back a set amount.
C)   You have to pay a fine.
D)   Your pay is reduced by eight hours' worth of payment.

Exam 14: Capitalism and the Economy

Toma is a nineteenth-century peasant who moved to a city to find work.Back in his village,most of Toma's transactions were bartered-swapping an animal for cloth or potatoes for a tool.In the city,monetization governs wage labor,which means that:

Correct Answer
verified

Angela is writing a story about a "typical American family." She researches the work lives of the statistically typical family and concludes that her story will feature:

Correct Answer
verified

Correct Answer
verified

Adam Smith argues that money is inherently social because:

Correct Answer
verified

What is a major reason unions are on the decline in the United States today?

Correct Answer
verified

Barbara Risman equated gender inequality,in the form of marriage,to:

Correct Answer
verified

Globalization in the twenty-first century is characterized by:

Correct Answer
verified

At Thanksgiving dinner,college student Janie expresses her dreams to her parents.Her aunt says,"I'm not sure that's realistic,honey!" Janie says,"I'm a postfeminist! That's why I expect to ________."

Correct Answer
verified

If you are a salaried worker and you miss a day of work,how does your salary change?

Correct Answer
verified

How did the enclosure movement change the economy in the early Tudor period in England? The enclosure movement:

Correct Answer
verified

One good thing about a salary,according to Simmel,is that:

Correct Answer
verified

The personal bankruptcy rate in America is higher than it has ever been.Why? Do any theories or theorists help explain this trend?

Correct Answer
verified
One in ten families now applies for bank...
View Answer

In discussing financial changes that influenced the economic volatility of recent years,Adeel Qalbani describes how commercial banks are mostly ,but investment banks are mostly .

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

According to sociologists Jerry Jacobs and Kathleen Gerson,because workers want to advance in their careers,many avoid taking full advantage of:

Correct Answer
verified

Karl has been hired to paint a house blue,but he mixes the color wrong,and it turns out purple instead of blue.Under which wage system(s) would he be responsible for paying for new paint?

Correct Answer
verified

Feminist sociologists claim that the family wage is a patriarchal bargain because it implies that:

Correct Answer
verified

Because the monetary system is increasingly depersonalized,George Simmel argues that it is now possible to:

Correct Answer
verified

During the agricultural revolution,the enclosure movement caused many former serfs to move to cities in search of work and led to the rise of:

Correct Answer
verified

Exam 14: Capitalism and the Economy

Toma is a nineteenth-century peasant who moved to a city to find work.Back in his village,most of Toma's transactions were bartered-swapping an animal for cloth or potatoes for a tool.In the city,monetization governs wage labor,which means that:

Correct AnswerverifiedShow Answer

Angela is writing a story about a "typical American family." She researches the work lives of the statistically typical family and concludes that her story will feature:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Adam Smith argues that money is inherently social because:

Correct AnswerverifiedShow Answer

What is a major reason unions are on the decline in the United States today?

Correct AnswerverifiedShow Answer

Barbara Risman equated gender inequality,in the form of marriage,to:

Correct AnswerverifiedShow Answer

Globalization in the twenty-first century is characterized by:

Correct AnswerverifiedShow Answer

At Thanksgiving dinner,college student Janie expresses her dreams to her parents.Her aunt says,"I'm not sure that's realistic,honey!" Janie says,"I'm a postfeminist! That's why I expect to ________."

Correct AnswerverifiedShow Answer

If you are a salaried worker and you miss a day of work,how does your salary change?

Correct AnswerverifiedShow Answer

How did the enclosure movement change the economy in the early Tudor period in England? The enclosure movement:

Correct AnswerverifiedShow Answer

One good thing about a salary,according to Simmel,is that:

Correct AnswerverifiedShow Answer

The personal bankruptcy rate in America is higher than it has ever been.Why? Do any theories or theorists help explain this trend?

Correct AnswerverifiedOne in ten families now applies for bank...View AnswerShow Answer

In discussing financial changes that influenced the economic volatility of recent years,Adeel Qalbani describes how commercial banks are mostly ________,but investment banks are mostly ________.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

According to sociologists Jerry Jacobs and Kathleen Gerson,because workers want to advance in their careers,many avoid taking full advantage of:

Correct AnswerverifiedShow Answer

Karl has been hired to paint a house blue,but he mixes the color wrong,and it turns out purple instead of blue.Under which wage system(s) would he be responsible for paying for new paint?

Correct AnswerverifiedShow Answer

Feminist sociologists claim that the family wage is a patriarchal bargain because it implies that:

Correct AnswerverifiedShow Answer

Because the monetary system is increasingly depersonalized,George Simmel argues that it is now possible to:

Correct AnswerverifiedShow Answer

During the agricultural revolution,the enclosure movement caused many former serfs to move to cities in search of work and led to the rise of:

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
verified
One in ten families now applies for bank...
View Answer

In discussing financial changes that influenced the economic volatility of recent years,Adeel Qalbani describes how commercial banks are mostly ,but investment banks are mostly .

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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