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Exam 14: The Economy and Work

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Question 41

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Efforts to increase worker efficiency by breaking down work into very specialized tasks and working with an assembly line production mentality is central to the concept of __________.

A) sweatshops
B) the dual labor market
C) scientific management
D) capital flight

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Question 42

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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 __________.

A) a sweatshop
B) the primary labor market
C) the IT industry
D) a managerial job

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Question 43

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When an economic system is based on private ownership of property and guided by the seeking of maximum profits it is classified as a __________ system.

Juan does contract work for a publishing company.He is a contingent worker.

The largest employer in the United States today is __________.

The speculative nature of the housing market and home flipping led to __________,and was a major contributor to the most recent recession.

Don does not mind paying higher taxes for the benefit of everyone.Although he pays nearly half his income in taxes,he is happy living in a __________ where there is a family support program for parents and children,care for the elderly,and a national health care program.

The main goal of scientific management is to __________.

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

Ben wants to open a business in a country which allows him to own property privately,make a personal profit,and compete openly against other firms.In general he prefers that the government stay out of his business.He would like to open his business in a __________ system.

Homesourcing is __________.

The division of labor between the sexes __________.

Although the authors identify many problems with work in contemporary society,dangerous working conditions are presented as a problem of the past.

Gerald is a freelance artist who works from home.He is referred to as a(n) __________ employee.

Jill believes that Adam Smith was essentially correct when he claimed that people could pursue their own personal interests because the __________ would keep society from disintegrating as everyone competes for consumers and profit.Thus,she consistently opposes government intervention into the market.

A problem associated with a segmented labor market is that __________.

Discouraged workers,those who were once employed but no longer are looking for a job,are not counted as unemployed by the government.

In a bureaucratic hierarchy,each person in the chain's hierarchy relays orders to and takes responsibility for the actions of those __________ while following orders from those __________.

__________ refers to the investment choices that involve the movement of corporate monies from one investment to another.

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