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John worked in a manufacturing job building car engines.Over time,this work was increasingly performed by machines,and manufacturing jobs became scarcer and paid less.John and his family were once comfortably middle class,but technology changed his job and his factory was shut down.What kind of mobility did John experience?


A) structural mobility
B) relative mobility
C) class mobility
D) individual mobility

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Alex believes that people who are poor are lazy and do not want to work.He argues that anyone can be rich if they simply work hard enough.What concept reflects the argument he is making?


A) singularity
B) equal opportunity
C) individualism
D) meritocracy

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Which of the following represents income?


A) savings and interest on savings
B) earned wages and stocks
C) earned wages and interest on savings
D) savings and stocks

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C

Which of the following is a main characteristic of the underclass?


A) chronic unemployment
B) low-wage employment
C) illegal employment
D) working multiple jobs

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According to Karl Marx,which of the following statements about the relationship between owners and workers is FALSE?


A) Capitalist systems are focused on conflicts between owners and workers.
B) Owners exploit workers by paying low wages.
C) Owners motivate workers by offering incentives.
D) Workers seek maximum pay for their labor.

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What term refers to the process in which nations decrease the amount of goods produced though manufacturing?


A) post-modernization
B) modernization
C) industrialization
D) deindustrialization

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Someone who lacks the resources that are considered required to maintain a basic standard of living in society is living in ________ poverty.


A) relative
B) desperate
C) total
D) absolute

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Dependency theory argues that global inequality is the result of wealthy nations exploiting poorer nations.

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True

People living in developed nations have a higher material standard of living than underdeveloped nations.

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Which of the following theories argues that global inequality is the result of powerful nations exploiting less powerful nations?


A) dependency theory
B) modernization theory
C) world systems analysis
D) colonial theory

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Max is the owner of a leading food distributor and owns a large share of the company's stock.According to Karl Marx,to which class does Max belong?


A) working class
B) upper class
C) wealthy class
D) capitalist class

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Renee was born into a working-class family.She worked her way through college and is now employed as a nurse.What kind of mobility did Renee experience?


A) structural mobility
B) relative mobility
C) individual mobility
D) class mobility

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How would world systems analysis classify a nation that had middle incomes and a basic domestic industrial base but lacked major global economic power?


A) semi-core
B) core
C) periphery
D) semi-periphery

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Individuals who believe in equal opportunity believe that everyone should have the same chance at achieving success in life.

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True

Financial assistance from the government to citizens in the form of tax credits or monetary payments is called


A) public assistance.
B) social welfare.
C) capital welfare.
D) government assistance.

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Memberships in social groups that have the potential to be economically valuable are known as


A) cultural resources.
B) cultural capital.
C) social resources.
D) social capital.

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Which of the following best describes a characteristic of the middle class?


A) employment adds specialized training and knowledge to the economy
B) earns enough income to be able to control major capital
C) relies upon skilled and unskilled labor
D) employment is based on the needs of a manufacturing economy

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Income is more unevenly distributed than wealth.

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A country redesigned its tax policy so that the amount of taxes an individual paid was based on his or her earnings,with those earning more paying more in taxes.For example,an individual who makes $20,000 a year pays 3 percent in taxes,while an individual who makes $100,000 a year pays 3 percent on the first $20,000 and an additional 10 percent on the remaining $80,000.This is called


A) liberal taxation.
B) regressive taxation.
C) conservative taxation.
D) progressive taxation.

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Which of the following occupations is NOT included in the middle class?


A) teacher
B) secretary
C) lawyer
D) social worker

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