Exam 12: Economics and Politics

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In a capitalist economic system, "justice" amounts to

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The expansion of office work marks the growth of the economy's

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The Industrial Revolution was based on

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Just as the economy is becoming more and more global, so is the world developing a single global political system.

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The economy organizes the production, distribution, and consumption of goods and services.

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How has the nature of work in the United States changed over the last 150 years? Answer this question referring to the three sectors of the economy.In your answer, include the changing share of self-employed people as well as the changing importance of labor unions.

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Concerning the issue of personal freedom, capitalist systems emphasize people's _____, while socialist systems emphasize people's _____.

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Taken together, local, state, and federal governments are the U.S.'s largest single employer.

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In the United States, what categories of people are most and least likely to vote?

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Gay rights is one example of a social issue.

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Terrorism is considered to be a new form of asymmetrical warfare.

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Capitalism is an economic system in which there is

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What important changes in production defined the coming of the Industrial Revolution?

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Over the course of the last century, the number of people involved in agricultural work

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The Information Revolution requires workers to gain literacy skills in contrast to the mechanical skills that were important during the Industrial Revolution.

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In Max Weber's view, monarchy claims legitimacy based on

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Which of the following concepts refers to a political system in which power resides in the hands of the people as a whole?

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How do capitalism and socialism differ in overall productivity? What about economic inequality?

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State the defining characteristics of two economic models: capitalism and socialism.How do these models compare in terms of (a) overall productivity, (b) level of economic inequality, and (c) extent of political freedom? How is welfare capitalism an effort to combine the benefits of both systems?

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The concept "state capitalism" refers all productive enterprises in a country being owned by the government.

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