Review Sheet_ExamIII_Sp08

Review Sheet_ExamIII_Sp08 - Review sheet for Exam III,...

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Dr. Schwabe Correct answers are bolded 1. Global markets: a) Are strongly kept in check by the socialist and communist economies. b) Are subject to the same extreme boom and bust cycles as most capitalist economies are. c) Tend to be self-stabilizing. d) Have yielded a high income for most American families. 2. Which of the following is/are a major economic problem/s facing the United States? a) The real income of American workers is about the same as it was in 1970 while the number of family members who work has risen. b) Americans do not save at the rate that other citizens of Western Industrialized countries do. c) The United States imports more than it exports, contributing to our large national debt. d) all of the above 3. Ms. Jones teaches high school chemistry for an annual salary of $23,000. Most of her childhood friends are earning much more than she is, and as a result she is very dissatisfied with her salary. According to the text and lecture, she is experiencing: a) relative poverty. b) absolute poverty. c) social class deprivation. d) feminization of poverty. 4. “Biological” poverty is another term for: a) absolute poverty. b) race-based poverty. c) relative poverty. d) Official poverty. 5. The amount of income defined by the poverty line is problematic in that it: a) Is not based on a nutritious diet needed for daily, long-term consumption. b) Does not account for changes in housing costs. c) Does not adjust for cost of living differences across the nation. d) All of the above e) None of the above. 6. The average hourly wage in traditionally "women's" jobs (e.g. receptionist, nursing aids, cashiers) is ____________ compared to an average hourly wage of _______ in traditionally "men's" jobs (mechanic, construction worker). a) $21.19, $9.60 b) $6.90, $11.19 c) $9.60, $21.19 d) $11.19, $6.90 7. Unemployment is a factor promoting social inequality. Unemployment rates vary most because of: a) personal factors such as motivation. b) structural factors such as policy and growth. c) war. d) gender make-up of the labor force. 1
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Dr. Schwabe 8. Lack of affordable housing, deinstitutionalization of people in mental hospitals, and domestic violence are all causes of ___________. a) homelessness b) class disadvantage c) the underclass d) the working poor 9. Bogardus’ Social Distance scale measures and studies have found that perceptions of social distance between U.S. college students and other race/ethnic groups have a) Prejudice; increased b) Prejudice; decreased c) Discrimination; increased d) Discrimination; decreased 10. The chances are much greater than average that a household will be poor if it is headed by a/ an a) person over age 60. b)
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This note was uploaded on 04/18/2008 for the course SYG 2010 taught by Professor Schwabe during the Spring '08 term at FSU.

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Review Sheet_ExamIII_Sp08 - Review sheet for Exam III,...

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