Question 1

New plows and seed spreaders were only made possible because of the Industrial Revolution.

Accepted Answer

The answer of New plows and seed spreaders were only...

Question 2

Martha makes a living working four different jobs. In the morning she walks dogs for four neighbors on her block, then she picks up and delivers groceries for Instacart. In the afternoons and evenings, she likes to either drive passengers around using Lyft or provide childcare using KangaDo. What term best describes the modern type of economy that creates Martha's employment options?

Accepted Answer

Martha's multiple jobs in different fields that involve short-term engagements and flexibility are characteristic of the gig economy.

Question 3

Corporations with decision-making, production, and distribution operations spread all over the world are characteristic of

Accepted Answer

Deep integration refers to the integration of economic activities across countries where corporations have decision-making, production, and distribution operations spread all over the world. This is in contrast to shallow integration, which refers to the exchange of goods and services across borders without necessarily involving direct investment or management control by corporations. Industrialization refers to the process of developing industries in a country or region, while runaway shops refer to corporations that move their operations to countries with lower labor costs. Therefore, neither A nor B is the best choice in this context.

Question 4

What term is used for the group of nonprofit organizations that are designed to run as cost-effectively as possible and to direct any earnings back into the causes they support?

Accepted Answer

The Third Sector refers to the group of nonprofit organizations that aim to operate efficiently and direct earnings back into their mission causes. Technology firms and multinational/transnational corporations do not necessarily have the same mission focus or nonprofit structure.

Question 5

In June 2017, President Donald Trump announced that the United States would withdraw from the Paris Agreement.

Accepted Answer

In June 2017, President Donald Trump announced that the United States would withdraw from the Paris Agreement.

Question 6

What is it an example of when liquor stores in the United States import wine made entirely from French grapes and bottled in France or beer brewed from grain and hops grown in Holland?

Accepted Answer

Shallow integration refers to the cross-border trade of goods and services with minimal coordination between the policies and regulations of the trading countries, focusing mainly on the import and export of finished products, as exemplified by importing wine and beer from France and Holland.

Question 7

The fact that almost all of the small electronics used in the United States are made in Asia is an illustration of

Accepted Answer

The fact that small electronics used in the United States are made in Asia demonstrates globalization, which is the interconnectedness and integration of economies, cultures, and societies across the world. This has led to global supply chains and the outsourcing of production to countries with cheaper labor and resources.

Question 8

Capitalism and socialism are two examples of political systems throughout the world.

Accepted Answer

Capitalism and socialism are primarily economic systems, not political systems. They describe how a country's economy is organized in terms of production and distribution of goods and services.

Question 9

Think about the process by which most athletic shoes are made. Which part of the global commodity chain for these shoes would you be MOST surprised to find in Indonesia?

Accepted Answer

The advertising firm that scripted the commercial is the least likely to be found in Indonesia compared to the other options. Indonesia is more commonly associated with the production and manufacturing aspects of the global commodity chain, such as rubber cultivation and factory assembly, rather than the high-end service sector like advertising, which is often located in countries with larger media and marketing industries.

Question 10

"Rogue" agencies posting information on Twitter to make it available to the public is an example of individual resistance to bureaucratic organizations.

Accepted Answer

Rogue agencies posting information on Twitter creates a form of individual resistance to bureaucratic organizations by circumventing the traditional channels of information dissemination within the organization.

Question 11

Firms that purposely transcend national borders so that their products can be manufactured at sites all over the world are called

Accepted Answer

Transnational corporations are companies that operate in multiple countries and have a decentralized management structure. They often have factories or production sites in different countries, allowing them to take advantage of differences in labor costs, regulations, and resources. This can lead to controversy, as some critics argue that these companies exploit workers in countries with weaker labor laws or environmental protections. Sweatshops and runaway shops, on the other hand, refer specifically to factories that violate labor laws or relocate to avoid labor standards. Globalization refers to the overall increasing interconnectivity of markets and cultures around the world, which can be driven in part by the activities of transnational corporations. However, it is not a term specifically referring to businesses that operate across borders.

Question 12

How are "gold farms," such as those set up to play World of Warcraft, different from traditional sweatshops?

Accepted Answer

Both gold farms and traditional sweatshops exploit workers, but in the case of gold farms, the labor is used to produce virtual goods instead of material goods. The working conditions and pay may still be poor, but the nature of the work is different.

Question 13

Which of the following groups is engaged in contingent work?

Accepted Answer

Independent contractors are typically engaged in contingent work, which is often temporary and does not have a long-term contract or commitment from the employer.

Question 14

Thanksgiving is one of the busiest days of the year for many soup kitchens and other groups that provide food to the homeless and the poor. It is also one of the biggest days of the year for volunteers, as many people donate their time and efforts, which makes them, even if just for the day, part of the

Accepted Answer

The Third Sector refers to organizations, such as soup kitchens and charities, that operate alongside the public and private sectors to provide social services and address societal issues. The fact that Thanksgiving is a busy day for these organizations and many people volunteer their time shows the importance of the Third Sector on this day, making choice A the best answer. Choices B, C, and D do not accurately represent the role of soup kitchens and volunteers on Thanksgiving.

Question 15

Resistance strategies relate to the variety of ways in which individuals and groups cope with their working conditions.

Accepted Answer

Resistance strategies are indeed related to the ways in which individuals and groups cope with their working conditions.

Question 16

Why would a company outsource or contract out labor it might otherwise employ its own staff to perform?

Accepted Answer

Outsourcing or contracting out labor can often be cheaper for companies as they do not have to pay for benefits or overhead expenses for the outsourced labor. Additionally, outsourcing can allow companies to focus on their core competencies and leave other tasks to specialized contractors.

Question 17

What are networks of corporations, product designers and engineers, manufacturing firms, distribution channels, and consumer outlets that create products called?

Accepted Answer

Networks of corporations, product designers and engineers, manufacturing firms, distribution channels, and consumer outlets are often referred to as commodity chains. Commodity chains trace the production, distribution, and consumption of goods, from the extraction of raw materials to final disposal or recycling.

Question 18

According to the U.S. General Accounting Office, an employer that violates more than one federal or state labor law concerning wages, overtime, child labor, safety and health, or industrial regulation is classified as a(n)

Accepted Answer

An employer that violates more than one federal or state labor law concerning wages, overtime, child labor, safety and health, or industrial regulation is classified as a sweatshop.

Question 19

What is it called when nations compete to attract transnational corporations by undercutting their citizens' wages or offering tax incentives?

Accepted Answer

The term "race to the bottom" refers to a situation where nations compete against each other to attract transnational corporations by offering lower wages to their citizens or tax incentives. This can lead to a downward spiral of labor standards and protections as each nation tries to undercut the other to attract business.

Question 20

What is a sweatshop?

Accepted Answer

A sweatshop is a workplace with poor working conditions, below-standard wages, and long hours. Workers in sweatshops are often exploited and may be subject to unsafe working conditions and employment practices such as child labor and forced overtime. It is a form of labor that violates human rights and is considered unethical.

Quiz 11: The Economy and Work

New plows and seed spreaders were only made possible because of the Industrial Revolution.

Corporations with decision-making, production, and distribution operations spread all over the world are characteristic of

What term is used for the group of nonprofit organizations that are designed to run as cost-effectively as possible and to direct any earnings back into the causes they support?

In June 2017, President Donald Trump announced that the United States would withdraw from the Paris Agreement.

What is it an example of when liquor stores in the United States import wine made entirely from French grapes and bottled in France or beer brewed from grain and hops grown in Holland?

The fact that almost all of the small electronics used in the United States are made in Asia is an illustration of

Capitalism and socialism are two examples of political systems throughout the world.

Think about the process by which most athletic shoes are made. Which part of the global commodity chain for these shoes would you be MOST surprised to find in Indonesia?

"Rogue" agencies posting information on Twitter to make it available to the public is an example of individual resistance to bureaucratic organizations.

Firms that purposely transcend national borders so that their products can be manufactured at sites all over the world are called

How are "gold farms," such as those set up to play World of Warcraft, different from traditional sweatshops?

Which of the following groups is engaged in contingent work?

Resistance strategies relate to the variety of ways in which individuals and groups cope with their working conditions.

Why would a company outsource or contract out labor it might otherwise employ its own staff to perform?

What are networks of corporations, product designers and engineers, manufacturing firms, distribution channels, and consumer outlets that create products called?

According to the U.S. General Accounting Office, an employer that violates more than one federal or state labor law concerning wages, overtime, child labor, safety and health, or industrial regulation is classified as a(n)

What is it called when nations compete to attract transnational corporations by undercutting their citizens' wages or offering tax incentives?

What is a sweatshop?