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tfch9 - Chapter Nine Work and the Economy 1...

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Chapter Nine: Work and the Economy 1. Hunting-and-gathering societies have a subsistence economy. a. *TRUE b. FALSE 2. In subsistence economies, the accumulation of wealth mainly takes the form of luxury goods. a. TRUE b. *FALSE 3. In hunting-and-gathering societies, there is a rigid, unequal division of labour based on sex. a. TRUE b. *FALSE 4. In agricultural societies, work takes place as part of household activity. a. *TRUE b. FALSE 5. Capitalism is the first and only economic system based on the private ownership and accumulation of wealth. a. TRUE b. *FALSE 6. For Marxists, the focus on private ownership pertains primarily to wealth-generating property. a. *TRUE b. FALSE 7. Industrialization led to the separation of work and household. a. *TRUE b. FALSE 8. Oligopoly refers to the situation in which one corporation has exclusive control over the market for its products. a. TRUE b. *FALSE 9. Corporate mergers and acquisitions are an effective way to increase employment. a. TRUE b. *FALSE 10. Privatization means opening up corporate share ownership to private individuals as well as institutions such as pension funds. a. TRUE b. *FALSE
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