Ch. 18: Work & the Economy

Which of these is an example of a commodity?

• A restaurant meal

• Corn

• A college lecture

• A book, blog entry, or magazine article

When did the first economies begin to develop?

• When all 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?

• Electricity

• Money

• Information

• Computers

In which sector of an economy would someone working as a software developer be?

• Primary

• Secondary

• Tertiary

• Quaternary

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?

• Capitalism

• Communism

• Mercantilism

• Mutualism

Who was the leading theorist on the development of socialism?

• Karl Marx

• Heidimarie Schwermer

• Émile Durkheim

• Adam Smith

The type of socialism now carried on by Russia is a form of ______ socialism.

• centrally planned

• market

• utopian

• zero-sum

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?

• Singapore

• North Korea

• England

• Canada

Ben lost his job when General Motors 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 _____________.

• xenophobia

• global commodity chains

• xenophilia

• global assembly line