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Economics An Introduction
Quiz 19: Inequality, Exploitation, and Economic Institutions
Path 4
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Question 1
Short Answer
Whats defention of terms: -exploitation
Question 2
Short Answer
Whats defention of terms: -intensity of labor
Question 3
Short Answer
Whats defention of terms: -monopsony
Question 4
Short Answer
Whats defention of terms: -necessary labor
Question 5
Short Answer
Whats defention of terms: -rate of exploitation
Question 6
Short Answer
Whats defention of terms: -surplus labor
Question 7
Short Answer
Whats defention of terms: -Taft-Hartley Act
Question 8
Short Answer
Whats defention of terms: -wage ceiling
Question 9
Short Answer
Whats defention of terms: -wage floor
Question 10
Short Answer
Define and describe surplus labor. -What is surplus labor? Give an example.
Question 11
Essay
Define and describe surplus labor. -How is surplus labor different from necessary labor?
Question 12
Short Answer
Define and describe surplus labor. -Explain how surplus labor relates to profits for the employer.
Question 13
Essay
Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism. -What is exploitation as discussed in this chapter? Does an employee need to be making low wages to be exploited?
Question 14
Essay
Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism. -Does exploitation depend on the absolute value of your wage or salary? Why or why not?
Question 15
Essay
Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism. -Why does exploitation necessarily occur in a capitalist economy? What happens to the employer if there is no surplus labor? To the employee?
Question 16
Essay
Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism. -Was there exploitation in the prehistoric communal society? Why or why not?
Question 17
Essay
Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism. -What put a limit on the rate of exploitation in a slave economy?