Exam 12: Problems of Work and the Economy

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The rights of workers in third-world nations can be increased if they __________.

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What are conglomerates and multinational corporations? Give some specific examples.How do they change the ways in which business are transacted?

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U.S.multinational corporations have located plants producing goods for American markets in low wage,"third-world" nations.This phenomenon is called __________.

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In 2008,__________ people reported that they were self-employed.

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As workers in the United States and other industrialized nations organize to deal with occupational safety issues,there is more incentive for industries to __________.

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In general,the unemployment rates for minorities tend to be twice as high as the rate for whites,a condition that is sometimes referred to as _____________ unemployment.

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Multinational companies have created a "global factory" that is made possible by two kinds of technology.The first allows things to be transported quickly from place to place.The second __________.

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The central social institutions of capitalism are __________.

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The Nike Corporation subcontracts with local employers for about 75,000 Asian workers to make Nike shoes,which are sold in the United States for more than $80 a pair.In some instances,11-year-old workers earn about __________ a day producing these shoes.

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One creative plan in today's workplace is sliding work hours or ___________.

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What are the consequences of unemployment? Be sure to include the impact of economic recessions on unemployment.

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Today,the proportion of married women in the labor force is about __________ percent.

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Multinational (or transnational)corporations are companies that __________.

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The United States is a "consumer society." What does this mean? What ramifications does this have for the way Americans live?

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The primary source of alienation in modern work is __________.

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In the twentieth century,the United States moved from a/a n __________ to a /an __________ economy.

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The shrinking marketplace,conglomerates,multinational corporations,globalization,and the global factory are all terms describing important parts of the world economy.Define these terms and describe how they affect how business is conducted.

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Which of the following statements about the emergence of China in the global economy is TRUE?

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By __________,social scientists refer to the growing tendency for goods and services to be produced in one nation or region and consumed in another,and for the companies that produce those goods and services to engage in business activities in many different regions of the world.

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The free-enterprise system has been influenced by concentrated power.Who has held and exercised this power? How has the free-market been influenced?

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