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Society_ Ch.12 Economics and Politics _ (PORTFOLIO DETAILED ANSWERS) 2024 - DISTINCTION
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Society_ Ch.12 Economics and Politics _ (PORTFOLIO DETAILED ANSWERS) 2024 - DISTINCTION
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8/4/24, 7:00 AMSociety: Ch.12 Economics and Politics
Jeremiah
Terms in this set (104)
True or False: True:
The economy organizes the production, The economy organizes the production, distribution, and consumption of goods and
distribution, and consumption of goods and services.
services.
True or False: False:
Compared to agricultural work, industrial Compared to agricultural work, industrial jobs involve more specialization.
jobs involve less specialization.
True or False: False:
The invention of the corporation is The invention of the corporation is not generally taken as the point at which a
generally taken as the point at which a postindustrial society emerged.
postindustrial society emerged.
True or False: True:
The Information Revolution requires The Information Revolution requires workers to gain literacy skills instead of the
workers to gain literacy skills instead of the mechanical skills that were important during the Industrial Revolution.
mechanical skills that were important during
the Industrial Revolution.
True or False: False:
The concepts "primary sector," "secondary The concepts "primary sector," "secondary sector," and "tertiary sector" refer to the
sector," and "tertiary sector" refer to how different parts of the economy.
productive a sector is in terms of economic
value.
True or False: True:
The global economy pays little regard to The global economy pays little regard to national borders.
national borders.
True or False: True:
Taken together, local, state, and federal Taken together, local, state, and federal governments are the U.S.'s largest single
governments are the U.S.'s largest single employer.
employer.
True or False: False:
The concept "state capitalism" refers all The concept "state capitalism" refers all productive companies being privately owned
Society: Ch.12 Economics and Politics
productive enterprises in a country being but cooperate closely with the government.
owned by the government.
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, 8/4/24, 7:00 AM
True or False: True:
Socialist economies create greater Socialist economies create greater economic equality than capitalist economies, but
economic equality than capitalist economies, with a lower overall living standard.
but with a lower overall living standard.
True or False: True:
Denmark is an example of a European Denmark is an example of a European nation with a system of welfare capitalism in
nation with a system of welfare capitalism in which high taxes pay for extensive government-provided benefits.
which high taxes pay for extensive
government-provided benefits.
True or False: False:
In the United States, union membership is Union membership peaked around 1970 at almost 25 million. Since then, membership
higher today than ever before. has declined.
True or False: True:
The concept "paraprofessional" refers to The concept "paraprofessional" refers to work that requires skills, but typically lacks a
work that requires skills, but typically lacks a broad theoretical knowledge of a field.
broad theoretical knowledge of a field.
True or False: True:
The self-employed are more likely to have The self-employed are more likely to have blue-collar jobs than white-collar jobs.
blue-collar jobs than white-collar jobs.
True or False: True:
A recent trend in the United States is a A recent trend in the United States is a steady rise in the share of small businesses
steady rise in the share of small businesses owned by women.
owned by women.
True or False: False:
In recent years, the lowest unemployment In recent years, the highest unemployment rates in the United States have been among
rates in the United States have been among teenagers.
teenagers.
True or False: False:
The U.S. workforce is becoming more The U.S. workforce is becoming less "white," even as immigration rates rise.
"white," even as immigration rates rise.
True or False: False:
One effect of computer technology is giving One effect of computer technology is giving workers less power over their employers.
workers greater power over their employers.
True or False: True:
Conglomerates are giant corporations Conglomerates are giant corporations composed of many smaller corporations.
composed of many smaller corporations.
True or False: False:
Oligopoly refers to any company that Oligopoly refers to the domination of a market by a few producers.
operates in more than one country.
True or False: False:
Monopoly refers to a corporation that Monopoly refers to the domination of a market by a single producer.
operates within a single sector of the
economy.
True or False: True:
Large corporations dominate many markets Large corporations dominate many markets in the global economy.
in the global economy.
True or False: True:
The concept of "government" refers to the The concept of "government" refers to the formal organization that directs the political
formal organization that directs the political life of a society.
lifeSociety:
of a society.Ch.12 Economics and Politics
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