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Work and Economy / Chapter 18

Total questions: 10

Worksheet time: 3hrs 30mins

Name
Class
Date
1.

Which of these is an example of a commodity?

a)

A restaurant meal

b)

A college lecture

c)

Corn

d)

A book, blog entry, or magazine article

2.

When did the first economies begin to develop?

a)

When all the hunter-gatherers died

b)

When people began to grow crops and domesticate animals

c)

When money was invented

d)

When the first cities were built

3.

What is the most important commodity in a postindustrial society?

a)

Information

b)

Money

c)

Computer

d)

Electricity

4.

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 _____________.

a)

global commodity chains

b)

xenophilia

c)

global assembly line

d)

xenophobia

5.

Which of the following is not an aspect of globalization?

a)

Integrating governments through international trade

b)

Integrating child care through international trade

c)

Integrating cultures through international trade

d)

Integrating finance through international trade

6.

One reason critics oppose globalization is that it:

a)

has positive impacts on world trade

b)

has negative impacts on political stability

c)

concentrates wealth in the poorest countries

d)

has negative impacts on the environment

7.

Which of the following is not a characteristic of multinational corporations?

a)

A large share of their capital is collected from a variety of nationalities.

b)

They are headquartered primarily in the United States.

c)

Their business is conducted without regard to national borders.

d)

They concentrate wealth in the hands of core nations.

8.

What is the American Dream?

a)

The ideal that every citizen of the United States should have an equal opportunity to achieve success and prosperity through hard work, determination, and initiative.

b)

The ideal that every citizen of the United States should be entitled to success.

c)

The ideal that every citizen of the United States should be entitled to ransom under the fourth amendment.

d)

The ideal that every citizen of the United States should be able to move to a higher social status as a result of the functionalism perspective.

9.

Which is evidence that the United States workforce is largely a meritocracy?

a)

Job opportunities are increasing for highly skilled jobs.

b)

Women tend to make less than men do for the same job.

c)

Highly skilled jobs pay better than low-skill jobs.

d)

Job opportunities are decreasing for mid level jobs.

10.

What is the practice where the differences between low-end and high-end jobs become greater and the number of people in the middle levels decreases?

a)

structural unemployment

b)

polarization

c)

meritocracy

d)

outsourcing