18.1 Economic Systems
Which of these is an example of a commodity?
When did the first economies begin to develop?
- When all of the hunter-gatherers died
- When money was invented
- When people began to grow crops and domesticate animals
- When the first cities were built
What is the most important commodity in a postindustrial society?
In which sector of an economy would someone working as a software developer be?
Which is an economic policy based on national policies of accumulating silver and gold by controlling markets with colonies and other countries through taxes and customs charges?
Who was the leading theorist on the development of socialism?
- Karl Marx
- Alex Inkeles
- Emile Durkheim
- Adam Smith
The type of socialism now carried on by Russia is a form of ______ socialism.
- centrally planned
Among the reasons socialism never developed into a political movement in the United States was that trade unions _________.
- secured workers’ rights
- guaranteed health care
- broke up monopolies
- diversified the workforce
Which country serves as an example of convergence?
- North Korea
18.2 Globalization and the Economy
Ben lost his job when GM closed U.S. factories and opened factories in Mexico. Now, Ben is very anti-immigration and campaigns for large-scale deportation of Mexican nationals, even though, logically, their presence does not harm him and their absence will not restore his job. Ben might be experiencing _____________.
- global commodity chains
- global assembly line
Which of the following is not an aspect of globalization?
- Integrating governments through international trade
- Integrating cultures through international trade
- Integrating finance through international trade
- Integrating child care through international trade
One reason critics oppose globalization is:
- positive impacts on world trade
- negative impacts on the environment
- the concentration of wealth in the poorest countries
- negative impacts on political stability
All of the following are characteristics of global cities, except:
- headquarter multinational corporations
- exercise significant international political influence
- host headquarters of international NGOs
- host influential philosophers
Which of the following is not a characteristic of multinational corporations?
- A large share of their capital is collected from a variety of nationalities.
- Their business is conducted without regard to national borders.
- They concentrate wealth in the hands of core nations.
- They are headquartered primarily in the United States.
18.3 Work in the United States
Which is evidence that the United States workforce is largely a meritocracy?
- Job opportunities are increasing for highly skilled jobs.
- Job opportunities are decreasing for midlevel jobs.
- Highly skilled jobs pay better than low-skill jobs.
- Women tend to make less than men do for the same job.
If someone does not earn enough money to pay for the essentials of life he or she is said to be _____ poor.
About what percentage of the workforce in the United States are legal immigrants?
- Less than 1%