Ch. 14

26 August 2022
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question
According to the textbook, what is the major reason unions are on the decline in the United States today?
answer
People don't trust unions, saying they are corrupt and outdated.
question
Marx described workers as being alienated from:
answer
the process of production, other people, and themselves.
question
Some critics claim the Carlyle Group uses insider political knowledge, or ____________, to dominate heavily regulated markets.
answer
political arbitrage
question
Karl has been hired to paint a house blue, but he mixes the color wrong, and it turns out purple instead of blue. Under which wage system(s) would he be responsible for paying for new paint?
answer
piecework and payment in kind
question
Which term refers to the end result of negotiations among multiple players, enforcing rights, imposing sanctions, or encouraging business at a regional or worldwide level?
answer
new rules
question
Postfeminist expectations for family and work today are:
answer
to combine marriage to an egalitarian man with motherhood and a successful career.
question
According to the textbook, what characterized the "new markets" that are part of globalization?
answer
They are primarily financial and not bound by geography; anyone anywhere with the proper equipment can participate.
question
If you are a salaried worker and you miss a day of work, how does your salary change?
answer
It doesn't change.
question
Under feudalism, what was one of the major resources exchanged among lords, vassals, and serfs?
answer
protection
question
Monetization refers to:
answer
the establishment of a widely accepted currency for exchange.
question
A union allows workers to join together to promote their:
answer
collective interests.
question
The rise of large-scale production, the influx of peasants to urban areas to find work, and the rise of a system of wage labor caused the ____________ system to become obsolete in favor of a new system of legal currency.
answer
barter
question
Arlie Hochschild argues that many workers seek refuge from (the) ____________ in the ____________.
answer
home; workplace
question
Corporations are considered people because:
answer
they are entities distinct from their owners.
question
In the United States, corporations share many of the same rights as individuals, except corporations:
answer
can't vote.
question
The Bell Telephone Company, which for decades was the only provider of telephone service in the United States, was a(n):
answer
monopoly.
question
George lives in fifteenth-century England. He is bound to the land but does not own it. He works the land but must give a portion of his harvest to the landowner. In return, he gets protection from roaming bandits and thieves. George is a:
answer
serf.
question
Marx described workers as being alienated from:
answer
the process of production, other people, and themselves.
question
Adam Smith demonstrated with his pin factory example that:
answer
by dividing labor, factory production increases output by making it more efficient.
question
During the agricultural revolution, the enclosure movement caused many former serfs to move to cities in search of work and led to the rise of:
answer
wage labor.