18.1 Review Questions

QuestionAnswer
Which of these is an example of a commodity?
Corn
A restaurant meal
A college lecture
A book, blog entry, or magazine article
When did the first economies begin to develop?
When people began to grow crops and domesticate animals
When all the hunter-gatherers died
When money was invented
When the first cities were built
What is the most important commodity in a postindustrial society?
Information
Electricity
Money
Computers
In which sector of an economy would someone working as a software developer be?
Quaternary
Primary
Secondary
Tertiary
Which is an economic policy based on national policies of accumulating silver and gold by controlling markets with colonies and other countries through taxes and customs charges?
Mercantilism
Capitalism
Communism
Mutualism
Who was the leading theorist on the development of socialism?
Karl Marx
Heidimarie Schwermer
Émile Durkheim
Adam Smith
The type of socialism now carried on by Russia is a form of ______ socialism.
centrally planned
market
utopian
zero-sum
Among the reasons socialism never developed into a political movement in the United States was that trade unions _________.
secured workers’ rights
guaranteed health care
broke up monopolies
diversified the workforce
Which country serves as an example of convergence?
Singapore
North Korea
England
Canada

The content of this course has been taken from the free Sociology textbook by Openstax

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