Question 1

Distinguish between capitalism and socialism. Include in your answer a brief discussion of the convergence hypothesis.

Accepted Answer

Capitalism and socialism are two distinct economic and political systems that have been the subject of much debate and analysis.

Capitalism is an economic system in which the means of production and distribution are privately owned and operated for profit. In a capitalist system, individuals and businesses have the freedom to make their own economic decisions, and the market determines the prices of goods and services. Competition is a key feature of capitalism, and the pursuit of profit is the primary motivation for economic activity.

On the other hand, socialism is an economic system in which the means of production and distribution are owned and controlled by the state or the community as a whole. In a socialist system, the government plays a significant role in the economy, and there is a greater emphasis on equality and social welfare. The goal of socialism is to reduce economic inequality and ensure that everyone has access to basic necessities.

The convergence hypothesis suggests that over time, the differences between capitalism and socialism will diminish, and the two systems will become more similar. This hypothesis is based on the idea that as countries develop and become more prosperous, they will adopt elements of both capitalism and socialism. For example, capitalist countries may introduce social welfare programs to address inequality, while socialist countries may allow for more private ownership and market competition to stimulate economic growth.

In conclusion, capitalism and socialism are fundamentally different economic systems, with capitalism emphasizing private ownership and profit, and socialism emphasizing state or community control and social welfare. The convergence hypothesis suggests that these differences may become less pronounced over time as countries adopt elements of both systems in response to changing economic and social conditions.

Question 2

Cumulative trauma disorders are classified as injuries, not illnesses, because they involve sudden, instantaneous traumatic events.

Accepted Answer

A) True 
 B)False  False

Question 3

Job exportation contributes to Canadian unemployment.

Accepted Answer

A) True 
 B)False  True

Question 4

According to the textbook, there are two types of unemployment. One type is called discriminatory. What is the other type called?

Accepted Answer

A)   nondiscriminatory
B)   mandated
C)   structural
D)   functional

Question 5

Bonded labour is most common in South America.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is another term for a split labour market?

Accepted Answer

A)   tertiary service sector
B)   bluegrass economy
C)   postmodern market
D)   dual economy

Question 7

In 2099, what percentage of all union members in Canada were women?

Accepted Answer

A)   27 percent
B)   33 percent
C)   46 percent
D)   75 percent

Question 8

Which of the following does socialism emphasize?

Accepted Answer

A)   private rather than public ownership
B)   public rather than private ownership
C)   a free-market economy
D)   a global economy

Question 9

Canadian women workers are more likely than their male counterparts to be unionized.

Accepted Answer

A) True 
 B)False

Question 10

The male decline in union membership in Canada is largely due to which of the following?

Accepted Answer

A)   manufacturing job losses
B)   primary labour increases
C)   participation in non-traditional jobs
D)   early retirement among men

Question 11

What is bonded labour? Where is it most commonly found?

Accepted Answer

The answer of What is bonded labour? Where is it...

Question 12

What are the four components of "alienation"?

Accepted Answer

The answer of What are the four components of "alienation"?...

Question 13

The Canadian economy can be described as a split labour market.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following was found to be the most dangerous country for union activists?

Accepted Answer

A)   India
B)   Canada
C)   the United States
D)   Colombia

Question 15

Which of the following involves high rates of unemployment among particular social groups, such as racial and ethnic minorities and women?

Accepted Answer

A)   structural unemployment
B)   discriminatory unemployment
C)   corporate downsizing
D)   underemployment

Question 16

Which Canadian province has the highest rate of union membership?

Accepted Answer

A)   Manitoba
B)   Saskatchewan
C)   Newfoundland
D)   Nova Scotia

Question 17

Most of the work-related injuries that occur to white-collar workers are of the repeated trauma variety.

Accepted Answer

A) True 
 B)False

Question 18

Randy has an M.A. degree and is currently working at the mall selling shoes. Randy is likely to be experiencing which of the following?

Accepted Answer

A)   employment-related stress
B)   employment dissonance
C)   discriminatory employment
D)   underemployment

Question 19

Capitalism emphasizes public rather than private ownership.

Accepted Answer

A) True 
 B)False

Question 20

The overall standard of living is higher in capitalistic countries.

Accepted Answer

A) True 
 B)False

Exam 11: Work and Unemployment

Distinguish between capitalism and socialism. Include in your answer a brief discussion of the convergence hypothesis.

Cumulative trauma disorders are classified as injuries, not illnesses, because they involve sudden, instantaneous traumatic events.

Job exportation contributes to Canadian unemployment.

According to the textbook, there are two types of unemployment. One type is called discriminatory. What is the other type called?

Bonded labour is most common in South America.

Which of the following is another term for a split labour market?

In 2099, what percentage of all union members in Canada were women?

Which of the following does socialism emphasize?

Canadian women workers are more likely than their male counterparts to be unionized.

The male decline in union membership in Canada is largely due to which of the following?

What is bonded labour? Where is it most commonly found?

What are the four components of "alienation"?

The Canadian economy can be described as a split labour market.

Which of the following was found to be the most dangerous country for union activists?

Which of the following involves high rates of unemployment among particular social groups, such as racial and ethnic minorities and women?

Which Canadian province has the highest rate of union membership?

Most of the work-related injuries that occur to white-collar workers are of the repeated trauma variety.

Randy has an M.A. degree and is currently working at the mall selling shoes. Randy is likely to be experiencing which of the following?

Capitalism emphasizes public rather than private ownership.

The overall standard of living is higher in capitalistic countries.