Chapter 18 Work and The Economy

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

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

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

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

A  Bartering

B  Capitalism

C  Mercantilism

D  Supply and demand

A  The Information Age

B  The Agricultural Revolution

C  The Industrial Revolution

D  The Post-Industrial Revolution

A  Different states define unemployment in different ways.

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

C  Those surveyed frequently lie about their employment status.

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

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

B  A hatred of corporate America and the lobbying push.

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

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

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

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

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

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

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

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

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 positive; our capitalist economy is only making social inequality grow larger.

A  Financial

B  Farming, Fishing, and Forestry

C  Community and Social Service

D  Healthcare

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

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

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

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

A  Economic sling-shot recovery

B  Recession

C  Depression

D  Capital rebuttal