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SYG 2000 Exam 3/65 Questions and Answers/100% accurate
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SYG 2000 Exam 3/65 Questions andAnswers/100% accurate
Free Rider Problem - -the notion that when more than one person
is responsible for getting something done, the incentive is for each individual to shirk
responsibility and
hope others will pull the extra weight
-caused by lack of selfish incentives of capitalism
-justification for oppressive rule emanating from some central agency
-Income - -money received by a person for work, from transfers (gifts, inheritances, or
government assistance), or from returns on investments
-measure of economic status
-increasing inequality of rich and poor
-Malthus's views of inequality - -Positive view like Scottish Enlightenment but different
reason
-inequality good/necessary to avoid massive overpopulation and starvation
- "An Essay on the Principle of Population as it Affects the Future Improvement of
Society"
-human kind grows geometrically (exponentially) while food increases
arithmetically(linearly)
-Meritocracy - -a system in which the advancement is based on individual acheivement
or ability
-equal opportunity
-Rousseau's views of inequality - -human kind is naturally prue and good
-social problems developed from building society and repressing natural character
(private property)
-social equality
, -social inequality (always exists)
-social equality - -no differences in wealth, power, prestige, or status based on
nonnatural bases
-physical inequality - -natural
-consists of differences in age, health, bodily strength and all the qualities of the mind
and or the soul
-social inequality - -political
-convential inequality established or authorized by the constent of men
-Social mobility - -ability or inability to change one's position in the hierarchy
-Horizontal social mobility - -movement within one's social class
-Vertical social mobility - -rise (upward/ascending) or fall(downward/descending) of
an individual or group from one social stratum to another
-Wealth - -family's or individual's net worth = total assets - total debts
-Asset - -homes, cars, other real estate, and business assets, along with financial forms
of wealth such as stocks, bonds, and mutual funds
-American assets
-Debt - -mortgages on homes, credit card debt, etc.
-American debt
-Absolute poverty - -measure of what people need in order to survive
-constant over time, but takes inflation into consideration
-based differently in different countries
- US poverty lines based on income level
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