Question 1

An economic philosophy that emphasizes the free movement of goods,capital,and services,with cuts to public expenditures for social services is called

Accepted Answer

A)  redistribution. 
B)  neo-liberalism. 
C)  subsistence. 
D)  allocation of resources.

Question 2

The provision of goods and services to meet biological and social wants is called

Accepted Answer

A)  production. 
B)  the economic system. 
C)  market exchange. 
D)  the unit of production.

Question 3

In "Reciprocity and the Power of Giving," Cronk,reporting on a study by Grace Goodell,notes that monetary support of an irrigation project by the _________ served to __________ in Iran.

Accepted Answer

A)  U.S.,	support local level political organizations 
B)  World Bank, support local level political organizations 
C)  U.S., crush local level political organizations 
D)  World Bank, crush local-level political organizations

Question 4

The cultural knowledge for making and using tools and extracting and refining raw materials is called

Accepted Answer

A)  production. 
B)  division of labor. 
C)  unit of production. 
D)  technology.

Question 5

In "Malawi Versus the World Bank," Patten notes that the World Bank and International Monetary Fund,along with approval of the U.S.Treasury,adopted a "Washington Consensus" designed to __________ in poor countries.

Accepted Answer

A)  underwrite better health programs 
B)  institute capitalism 
C)  help subsistence farmers increase their crop yields 
D)  strengthen democratic governments

Question 6

According to Patten in "Malawi Versus the World Bank," the "Washington Consensus" required countries that borrowed money from the World Bank and IMF to

Accepted Answer

A)  privatize state-owned enterprises. 
B)  increase spending on health and education. 
C)  limit their trade with foreign markets. 
D)  use public monies to subsidize commodities.

Question 7

According to Bourgois in "Poverty at Work: Office Work and the Crack Alternative," the unionized jobs associated with manufacturing in New York

Accepted Answer

A)  provided life-time security for Puerto Rican workers. 
B)  were difficult for Puerto Ricans to get because they were foreigners. 
C)  permitted some rebellious behavior. 
D)  required more education than non-unionized jobs.

Question 8

Taxes would best be classified as a form of

Accepted Answer

A)  redistributive exchange. 
B)  allocation of resources. 
C)  market exchange. 
D)  reciprocal exchange.

Question 9

According to Bourgois in "Poverty at Work: Office Work and the Crack Alternative," East Harlem men and women view their neighbors who manage to follow the "white woman's rules" during the day and street culture at night as

Accepted Answer

A)  proud of their cultural heritage. 
B)  people to aspire to be like. 
C)  ashamed of who they truly are. 
D)  admirable.

Question 10

According to Cronk in "Reciprocity and the Power of Giving," the Kwakiutl potlatch is a good example of a way to

Accepted Answer

A)  maintain equal social relationships between different clan members. 
B)  fight or flatten social rivals. 
C)  establish alliances between competing political factions. 
D)  create future material wealth for the giver.

Question 11

A key way for women in the mines to build workplace relationships with their male
Coworkers is to

Accepted Answer

A)  cultivate a very professional demeanor. 
B)  swear excessively and in the most vulgar manner. 
C)  come to work with well manicured nails and nice makeup. 
D)  engage in practical jokes.

Question 12

One would expect to find the least job specialization in a

Accepted Answer

A)  hunting and gathering society. 
B)  horticultural society. 
C)  industrial society. 
D)  pastoral society.

Question 13

In "Poverty at Work: Office Work and the Crack Alternative," Bourgois argues that the most important reason that second generation Puerto Rican men living in Spanish Harlem find it unpleasant to work in New York City's professional offices is

Accepted Answer

A)  the work pays too little. 
B)  they feel they are treated with disrespect. 
C)  they can't get to work because they are too poor to own cars. 
D)  they speak no English.

Exam 4: Economic Systems