Deck 16: A: The Economy and Work

Question 1

Socialism is spreading around the world to the point that,today,a majority of the world's nations have a socialist economic system

Answer 1

False

Question 2

Agricultural production is part of the primary sector of the economy.

Answer 2

True

Question 3

The Information Revolution has concentrated workers in offices,drawing people from a wide region into dense,central cities.

Answer 3

False

Question 4

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

Question 5

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

Question 6

The economy did not emerge as a distinct social institution until the Industrial Revolution

Question 7

The invention of the corporation is generally taken as the point at which a postindustrial society emerged.

Question 8

Socialist economies create greater economic equality than capitalist economies,but with a lower overall living standard.

Question 9

Combining market production and extensive social welfare programs yields what is called "welfare capitalism."

Question 10

The global economy pays little regard to national borders.

Question 11

Socialism is also called a "laissez-faire" economic system.

Question 12

Capitalism is more productive than socialism and capitalism also creates greater economic inequality.

Question 13

Taken together,provincial/territorial,municipal,and federal governments employ about 5% of Canada's labour force in public administration.

Question 14

Adam Smith's idea was that,in a capitalist system,government tells businesses what to produce and tells consumers what to buy.

Question 15

One key to industrialization was creating new sources of energy.

Question 16

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

Question 17

The concepts "primary sector," "secondary sector," and "tertiary sector" refer to how productive a sector is in terms of economic value.

Question 18

Canada is a capitalist society with socialist leanings.

Question 19

Compared to agricultural work,industrial jobs involve less specialization.

Question 20

Less than 4 percent of today's Canadian labour force works in agriculture.

Question 21

Organic farming is a response to both pesticide proliferation and genetic modification.

Question 22

A corporation is an organization with a legal existence apart from that of its members.

Question 23

In recent years,the lowest unemployment rates in Canada have been among Chinese Canadians.

Question 24

Prostitution and sale of illegal drugs are typically part of the underground economy.

Question 25

Underemployment is a serious problem in Canada.

Question 26

By 2001,75% of the Canadian labour force worked in the service sector.

Question 27

Most self-employed persons are professionals.

Question 28

The self-employed are more likely to have blue-collar jobs than white-collar jobs.

Question 29

Most people with jobs in the primary labour market would probably rather have jobs in the secondary labor market.

Question 30

Conglomerates are giant corporations composed of many smaller corporations.

Question 31

The use of computers by workers tends to limit workplace interaction.

Question 32

In Canada,union membership is higher today than ever before.

Question 33

One effect of computer technology is giving workers greater power over their employers.

Question 34

Large corporations dominate the planet's economy.

Question 35

Almost 80% of university graduates in Canada are underemployed.

Question 36

Primary labour market jobs provide more benefits to workers than secondary labour market jobs.