The average U.S. worker would have to work nearly one __________to make a CEO's hourly salary.
A) hour
B) day
C) week
D) month
In 2009, the richest 5 percent of U.S. households owned over __________ percent of the nation's private wealth.
A) 10
B) 33
C) 50
D) 63
__________ are corporate enterprises with holdings and subsidiaries in several different countries.
A) International cooperatives
B) Plutocracies
C) Oligopolies
D) Transnational corporations
Megamergers affect the entire economy in that they __________.
A) decentralize capital
B) eliminate jobs
C) increase corporate debt
D) increase union membership
In 2011, the average CEO of a Fortune 500 company was paid __________ times more than the average worker.
A) 50
B) 100
C) 380
D) 500
Contrary to classical economic theory, capitalism is now dominated by huge corporations that __________.
A) act in the best interest of the majority of Americans
B) distribute wealth equally among managers and employees
C) respond to the demands of the market
D) control the demands of the market
According to Marx, capitalism will produce a class of oppressed people called the __________, bent on destroying it.
A) plutocracy
B) proletariats
C) oligopoly
D) capitalists
Marx asserted that capitalism has within it the seeds of its own destruction because of __________.
A) the lack labor-saving technology
B) the inevitability of monopolies
C) centralized government control
D) control of the state by the majority
According to Marx's theory of capitalism, the social class in power controls the economy primarily by __________.
A) military force
B) centralized governmental power
C) owning the means of production
D) controlling nearby countries
1. The authors argue that many of the problems of U.S. society largely result from the __________.
A. maldistribution of power
B. conspiracy of the power elites
C. system being undermined by those who criticize it
D. system being undermined by the poor and disadvantaged
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