Chapter 18 Work and The Economy

A  A form of socialism under which individuals and cooperative groups exchange products with one another on the basis of mutually satisfactory contracts

B  A form of social cohesion that comes from sharing similar work, education, and religion, as might be found in simpler societies

C  A practice where jobs are contracted to an outside source, often in another country

D  A form of social cohesion that arises out of the mutual interdependence created by the specialization of work

A  Capitalism

B  Supply and demand

C  Bartering

D  Mercantilism

A  The Post-Industrial Revolution

B  The Agricultural Revolution

C  The Industrial Revolution

D  The Information Age

A  Those surveyed frequently lie about their employment status.

B  Different states define unemployment in different ways.

C  The statistics include only those who are currently looking for work.

D  The government only surveys those who have been out of work for a year or more.

A  A hatred of corporate America and the lobbying push.

B  A marketing campaign aimed at foreign countries selling American goods.

C  An illogical fear and even hatred of foreigners and foreign goods.

D  A pronounced fear of globalization destroying one’s job.

A  John quits his job after getting accepted into law school.

B  A large fire burns down an automotive plant in Detroit, forcing the employees temporarily out of work.

C  Though many companies are hiring in Washington D.C., unemployment is high in Tennessee.

D  Three sales associates from Target are fired after stealing merchandise from the electronics department.

A  Occupy Wall Street is a threat; with so many angry people gathered in one place, horrible violence will surely break out.

B  Occupy Wall Street is positive; our capitalist economy is only making social inequality grow larger.

C  Occupy Wall Street is dangerous; large crowds in these environments heighten the risk for sexual abuse and gender discrimination.

D  Occupy Wall Street is a waste of time; our capitalistic economy is keeping our nation healthy, and is designed for maximum efficiency.

A  Community and Social Service

B  Farming, Fishing, and Forestry

C  Financial

D  Healthcare

A  A physical object we find, grow, or make to meet our needs and those of others.

B  An activity that benefits people, such as health care, education, and entertainment.

C  An economic system which adheres to the principles of socialism.

D  A benefit given to those who participate in the capitalist market.

A  Capital rebuttal

B  Depression

C  Economic sling-shot recovery

D  Recession