Question 1

Thomas Friedman argues that all societies in the world have two wants, represented by the olive tree and

Accepted Answer

In his book "The Lexus and the Olive Tree," Thomas Friedman argues that the olive tree represents the desire for cultural and national identity, while the Lexus symbolizes economic growth and modernization. Therefore, the best choice is B, the Japanese luxury automobile, the Lexus, as it represents the desire for economic growth and modernization in all societies.

Question 2

According to Thomas Friedman, four profound independent social and technological changes converged in the 1980s to make the globalization of the world economy possible. Which of the following is NOT one of these?

Accepted Answer

The four profound independent social and technological changes that converged in the 1980s to make the globalization of the world economy possible, according to Thomas Friedman, are the democratization of technology, the democratization of information, the democratization of finance, and the democratization of decision making. The democratization of energy is not included.

Question 3

According to the text, the term good old boy was invented to describe

Accepted Answer

A

Question 4

The technology that makes it possible to manage markets worldwide also permits individuals to do unimaginable harm. Thomas Friedman refers to these individuals as

Accepted Answer

Thomas Friedman refers to these individuals as super-empowered, as they have access to advanced technology that enables them to cause significant harm at a global level.

Question 5

The __________ Act of 2002 is the most far-reaching series of changes to the laws of corporate governance, disclosure, and accounting oversight since the federal securities laws were enacted seventy years ago.

Accepted Answer

The Merrill Lynch, McCain, and Cheney acts do not pertain to corporate governance, disclosure, and accounting oversight. The Sarbanes-Oxley Act of 2002 is a set of regulatory reforms passed in response to various corporate accounting scandals, including those at Enron, WorldCom, and Tyco International. It aims to improve transparency and financial disclosures, strengthen accounting standards, and increase penalties for accounting fraud. It is widely considered the most extensive set of changes to corporate governance and accounting oversight since the securities laws were established.

Question 6

When __________ published The Work of Nations, he was a political economist at Harvard at the time.

Accepted Answer

The Work of Nations was written by Robert B. Reich during his time as a political economist at Harvard. Thomas Friedman is known for writing The World is Flat, Francis Fukuyama is known for The End of History and the Last Man, and Robert Kaplan is known for The Revenge of Geography.

Question 7

Robert Reich focuses on three groups that make up 85 percent of the American workforce. Which of the following is NOT one of these?

Accepted Answer

Robert Reich focuses on three groups that make up 85 percent of the American workforce: routine production services, in-person services, and symbolic-analytic services. Auxiliary services is not one of the three groups identified by Reich.

Question 8

The future of each of Robert Reich's workforce groups is determined by three factors. Which of the following is NOT one of these?

Accepted Answer

The presence of collective bargaining is not one of the three factors that determine the future of a workforce group according to Robert Reich. The three factors he identifies are replaceability, the value they add to a product or service, and the value of their services to the global economy.

Question 9

Social scientists coined the term __________ to describe the sprawling metropolises like Vancouver, Seattle, and Portland at the core of regional economies like Cascadia.

Accepted Answer

The term "city-state" is used to describe a city that, with its surrounding territory, forms an independent state. In the context of regional economies like Cascadia, it refers to the interconnected urban areas that function as a single economic unit.

Question 10

Adjoining newer cities are sometimes called __________ cities.

Accepted Answer

Adjoining cities that are newer and developed along the outskirts of an older city are often referred to as edge cities. This term was popularized by Joel Garreau in his 1991 book Edge City: Life on the New Frontier.

Question 11

The gross __________ product is a measure of the total output of goods and services by a nation's economy.

Accepted Answer

Gross Domestic Product (GDP) is a measure of the total output of goods and services produced within a country's borders. It is a commonly used indicator of a country's economic health and growth. Option A, corporate product, refers to the total output of goods and services produced by a specific corporation and is not a measure of the entire economy. Options C and D, metropolitan and city product, are not commonly used economic terms and do not accurately measure the total output of goods and services on a national level.

Question 12

According to Susan Clarke and Gary Gaile, all city governments want an economic development strategy that

Accepted Answer

All three options (A, B, and C) are mentioned in the statement, indicating that city governments want an economic development strategy that achieves all of these goals. They want to increase revenues and stability, mitigate vulnerability to external shocks, and provide good jobs and services while protecting the quality of life of citizens.

Question 13

Nationally, families in the bottom fifth of the income ladder earned an average of __________ in 2001.

Accepted Answer

The question is asking for the average income of families in the bottom fifth of the income ladder in 2001. Option A) $14,021 is the only option that falls within the range of the bottom fifth of the income ladder. The other options are higher, with a difference of at least $2,000.

Question 14

Robert Kaplan shows that symbolic analysts prefer self-contained engineered communities, rich in services and removed from the problems of society. He calls these new, insulated communities urban

Accepted Answer

The answer of Robert Kaplan shows that symbolic analysts prefer...

Question 15

Which of the following is NOT one of the qualities that Thomas Friedman and Robert Reich think will make America succeed?

Accepted Answer

Restrictive bankruptcy laws are not seen as a quality that will make America succeed by Thomas Friedman and Robert Reich. The other three qualities - ideal geography, market diversity, and an honest legal and regulatory environment - are seen as important factors for America's success.

Question 16

The text points out that the events of September 11, 2001 happened in a vacuum.

Accepted Answer

The text suggests that the events of September 11, 2001 did not happen in a vacuum. It discusses various factors and events leading up to the attacks, including U.S. foreign policy, tensions in the Middle East, and previous terrorist attacks.

Question 17

The text observes that culture is to society as DNA is to our bodies.

Accepted Answer

Culture is an essential part of a society just like DNA is an essential part of our bodies. Culture shapes the beliefs, behaviors, and values of a society while DNA provides the genetic information necessary for the development and functioning of our bodies.

Question 18

Between 1992 and 2000, the United States experienced unprecedented economic recession with extremely high inflation.

Accepted Answer

The statement is false. Between 1992 and 2000, the United States experienced a period of economic expansion with relatively low inflation.

Question 19

The major reason for the disparity in the growth of the working poor in this and
other industrial societies is a lack of education.

Accepted Answer

Lack of education is a major contributing factor to the growth of the working poor in industrial societies. Without education, individuals may not have the necessary skills or qualifications to obtain higher-paying jobs, making it difficult for them to escape poverty.

Question 20

By 2020, the top fifth of American earners will account for less than 50 percent of all income earned by Americans.

Accepted Answer

By 2020, the top fifth of American earners accounted for more than 50 percent of all income earned by Americans, indicating a significant concentration of income at the top.

Quiz 2: Globalization and Urbanization in the More-Developed World