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

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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 11. The former Soviet Union was organized on the basis of a command economy. a. *TRUE
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/16/2010 for the course SOC 101 taught by Professor Barrym during the Fall '09 term at Waterloo.

Page1 / 4

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

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online