Chapter 14: Problems of Work and the Economy
Multiple Choice



1.  

The text points out that a capitalist who creates a new business venture is known as a/an:



2.  

__________ are markets in which a small number of companies or suppliers control a commodity or service.



3.  

A/An __________ is a combination of firms that operate in many diverse fields.



4.  

The text points out that multinationals have created a/an "__________" that is made possible by two kinds of technology: high-speed transportation and component production.



5.  

In 1960, over 28 percent of all workers were employed in manufacturing jobs. By 1995, this figure:



6.  

In the United States, chief executive officers of top corporations earn, on the average, __________ times more than the workers in their companies.



7.  

The __________ theory involves the argument that the wealthy can be expected to use their funds to make investments in corporations and thus provide jobs for many workers.



8.  

In 1995, __________ percent of the labor force was made up of white-collar workers.



9.  

There are four broad categories of employment. Which of the following is NOT one of these?



10.  

As defined by the federal government, the labor force consists of all people who:



11.  

Since the Great Depression, the national unemployment rate was highest in __________, when it reached 8.5 percent.



12.  

"__________ workers" are people who are out of work not because of personal disadvantages but because industries and manufacturers have cut back production and eliminated a large number of jobs.



13.  

Chronic unemployment and underemployment have forced millions of Americans to participate in a/an __________ economy, referring to the exchange of goods and services, both legal and illegal, that are not monitored, recorded, or taxed by the government.



14.  

Which of the following is NOT one of the three areas of automation identified in the text?



15.  

__________ refers to the ever greater economic interdependence of nations

Note: answer choices in this exercise are randomized.

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