Question 18
An economic system founded on a belief in the importance of private property and the pursuit of profit without government interference is called:
Capitalism
Socialism
Fuedalism
Authoritarianism
Question 19
Which of the following is not a reason a corporation typically uses in support of downsizing?
The business environment is becoming increasingly competitive.
Computers and information technology have made levels of middle management unnecessary.
The corporation needs to become more hierarchically structured.
Rising health care costs have been making the business less profitable.
Question 20
The institution that carries out the production, distribution and consumption of goods and services is the
Education
Religious
Economic
Political
Question 21
The amount of money received within a certain time period by an individual or group is referred to as
Life Chances
Power
Income
Wealth
Question 22 3
The economic resources possessed by an individual or group are known as ____.
wealth
power
perks
income
Question 23
According to Marx, industrial capitalism would eventually lead to a society composed of what two classes?
proletariat and bourgeoisie
liberals and conservatives
Marxists and neoMarxists
Democrats and Republicans
Question 24
The dimension of social stratification involving social recognition and respect that a society attaches to a particular social position is known as
Stigma
Wealth
Prestige
Power
Question 25
The movement of individuals or groups within a stratification structure is referred to as
Social stability
Social isolation
Social mobility
Social stagnation
