chapter10CRS

The ______ is an institution that determines what will be produced, how production will be accomplished, and who will receive what is produced. corporation government economy organization The ______ is an institution that determines what will be produced, how production will be accomplished, and who will receive what is produced. corporation government Economy (p. 269) organization ________ is an economic system in which the means of production are collectively owned and the state directs production and distribution. Democratic nationalism Communism Socialism Welfare capitalism ________ is an economic system in which the means of production are collectively owned and the state directs production and distribution. Democratic nationalism Communism Socialism (p. 271) Welfare capitalism ____ is an economic system in which the means of production are privately owned and market forces determine production and distribution . Meritocracy Redistribution Capitalism Reciprocity ____ is an economic system in which the means of production are privately owned and market forces determine production and distribution . Meritocracy Redistribution Capitalism (p. 271) Reciprocity ____ refers to the buying and selling of goods and services unencumbered by government rules, regulations, and planning. Free-market competition Reciprocity Globalization Nationalism ____ refers to the buying and selling of goods and services unencumbered by government rules, regulations, and planning. Free-market competition (p. 271) Reciprocity Globalization Nationalism Which of the following is/are characteristics of capitalism? Private ownership Pursuit of profit Free-market competition All of the above Which of the following is/are characteristics of capitalism? Private ownership Pursuit of profit Free-market competition All of the above (pp. 271-272) _________ refers to the idea that the government is responsible for guaranteeing a minimum standard of living for everyone. Democratic capitalism Social insurance Liberal socialism Public assistance _________ refers to the idea that the government is responsible for guaranteeing a minimum standard of living for everyone. Democratic capitalism Social insurance (p. 274) Liberal socialism Public assistance A(n) ____ is a giant corporation composed of other corporations that produce a variety of products and that conduct businesses in several markets. multipelxity conglomerate interlocking directorate Organizational bureaucracy A(n) ____ is a giant corporation composed of other corporations that produce a variety of products and that conduct businesses in several markets. multipelxity conglomerate (p. 276) interlocking directorate Organizational bureaucracy _______ are companies that conduct business in several countries but have their central headquarters in one country. Interlocking directorates Conglomerates Multinationals Mixed economies _______ are companies that conduct business in several countries but have their central headquarters in one country. Interlocking directorates Conglomerates Multinationals (p. 277) Mixed economies _____ sees the economy as helping society adapt to the environment by efficient production of goods and services. Conflict theory Functionalism Symbolic interacitonism Power elite _____ sees the economy as helping society adapt to the environment by efficient production of goods and services. Conflict theory Functionalism (p. 283) Symbolic interacitonism Power elite _______ sees individuals as creating and sustaining the economy through the process of acquiring knowledge and ways of thinking about work and careers. Job anxiety Symbolic interactionism Functionalism Conflict theory _______ sees individuals as creating and sustaining the economy through the process of acquiring knowledge and ways of thinking about work and careers. Job anxiety Symbolic interactionism (p. 283) Functionalism Conflict theory According to the functionalist perspective, _____ societies adapt well to changes in their environment because they innovate continually. capitalist socialist egalitarian authoritarian According to the functionalist perspective, _____ societies adapt well to changes in their environment because they innovate continually. capitalist (p. 285) socialist egalitarian authoritarian ________ refers to a process of economic change in which an economy is losing industrial sector jobs and adding service sector jobs. Gentrification Globalization Outsourcing Deindustrialization ________ refers to a process of economic change in which an economy is losing industrial sector jobs and adding service sector jobs. Gentrification Globalization Outsourcing Deindustrialization (p. 289) The ______ is an institution that determines what will be produced, how production will be accomplished, and who will receive what is produced. corporation government economy organization The ______ is an institution that determines what will be produced, how production will be accomplished, and who will receive what is produced. corporation government economy (p. 269) organization ________ is an economic system in which the means of production are collectively owned and the state directs production and distribution. Democratic nationalism Communism Socialism Welfare capitalism ________ is an economic system in which the means of production are collectively owned and the state directs production and distribution. Democratic nationalism Communism Socialism (p. 271) Welfare capitalism ____ is an economic system in which the means of production are privately owned and market forces determine production and distribution. Meritocracy Redistribution Capitalism Reciprocity ____ is an economic system in which the means of production are privately owned and market forces determine production and distribution. Meritocracy Redistribution Capitalism (p. 271) Reciprocity ____ refers to the buying and selling of goods and services unencumbered by government rules, regulations, and planning. Free-market competition Reciprocity Globalization Nationalism ____ refers to the buying and selling of goods and services unencumbered by government rules, regulations, and planning. Free-market competition (p. 271) Reciprocity Globalization Nationalism Which of the following is/are characteristics of capitalism? Private ownership Pursuit of profit Free-market competition All of the above Which of the following is/are characteristics of capitalism? Private ownership Pursuit of profit Free-market competition All of the above (pp. 271-272) _________ refers to the idea that the government is responsible for guaranteeing a minimum standard of living for everyone. Democratic capitalism Social insurance Liberal socialism Public assistance _________ refers to the idea that the government is responsible for guaranteeing a minimum standard of living for everyone. Democratic capitalism Social insurance (p. 274) Liberal socialism Public assistance A(n) ____ is a giant corporation composed of other corporations that produce a variety of products and that conduct businesses in several markets. multiplexity conglomerate interlocking directorate organizational bureaucracy A(n) ____ is a giant corporation composed of other corporations that produce a variety of products and that conduct businesses in several markets. multiplexity conglomerate (p. 276) interlocking directorate organizational bureaucracy _______ are companies that conduct business in several countries but have their central headquarters in one country. Interlocking directorates Conglomerates Multinationals Mixed economies _______ are companies that conduct business in several countries but have their central headquarters in one country. Interlocking directorates Conglomerates Multinationals (p. 277) Mixed economies _____ sees the economy as helping society adapt to the environment by efficient production of goods and services. Conflict theory Functionalism Symbolic interacitonism Power elite _____ sees the economy as helping society adapt to the environment by efficient production of goods and services. Conflict theory Functionalism (p. 283) Symbolic interacitonism Power elite _______ sees individuals as creating and sustaining the economy through the process of acquiring knowledge and ways of thinking about work and careers. Job anxiety Symbolic interactionism Functionalism Conflict theory _______ sees individuals as creating and sustaining the economy through the process of acquiring knowledge and ways of thinking about work and careers. Job anxiety Symbolic interactionism (p. 283) Functionalism Conflict theory According to the functionalist perspective, _____ societies adapt well to changes in their environment because they innovate continually. capitalist socialist egalitarian authoritarian According to the functionalist perspective, _____ societies adapt well to changes in their environment because they innovate continually. capitalist (p. 285) socialist egalitarian authoritarian ________ refers to a process of economic change in which an economy is losing industrial sector jobs and adding service sector jobs. Gentrification Globalization Outsourcing Deindustrialization ________ refers to a process of economic change in which an economy is losing industrial sector jobs and adding service sector jobs. Gentrification Globalization Outsourcing Deindustrialization (p. 289)