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Exam 13: The Economy and Work

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Question 31

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The economic shift from manufacturing to service has resulted in __________.

A) the loss of jobs that pay well
B) more opportunities for a middle-class lifestyle
C) an increased standard of living
D) a strengthening of unions

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Question 32

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How and why have unions lost power? What may happen as a result? Ideal

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Question 33

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Patrick wants to open a business in a country with a strong sense of community and egalitarianism. He thinks his company should be interested in the public good and is perfectly fine being subject to a democracy. Patrick would like to open his company in a __________ country.

About __________ of the home loans in 2005 were subprime loans.

Jerica's factory recently moved out of the United States to a country with cheaper labor where she will produce the same products at a lower cost in a practice known as __________.

Unemployed people who want to work but whose presence tends to depress the wages of other workers and keep them from making demands on their employers are known as __________.

Bill works in a dimly lit factory where he is exposed to toxic chemicals and gets paid very little for working low hours. Bill works in __________.

Unemployment is evenly distributed among racial and ethnic groups.

Describe the nature of discrimination in the workplace.

The _______ is revolutionizing how business is transacted

The United States is in the midst of an economic transformation that is moving it to a(n) __________.

Some societies organize their economic system in a way that benefits the collective as opposed to any one individual. This system is known as __________.

Discuss the problems associated with the reporting of employment and unemployment statistics by the government.

An employment arrangement where employees work as temporaries or independent contractors and get few benefits from employers is __________.

The main goal of scientific management is to __________.

Companies use lie detector tests and drug tests to increase their __________ over workers.

What are the implications of globalization, including such agreements as NAFTA, CAFTA, and the like?

Sweatshops are substandard work environments where workers are subject to __________.

Describe the condition referred to as capital flight and discuss the conditions that have caused it. How does capital flight precipitate globalization? Ideal

When the Earth's peoples are increasingly interconnected economically, politically, culturally, and environmentally, we are in an era of __________.