Chapter 10 quiz soca 101 – Flashcards
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The dominant system of inequality prior to the advent of capitalism is known as __________.
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feudalism
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According to Forbes magazine, in 2014, the richest individual in the world was __________.
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American
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Before retirement, most people get most or all of their income from __________.
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their jobs
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The primary way in which most Americans accumulate wealth is through __________.
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net financial assets
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__________ is a designation of class that considers income, occupation, and salary.
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Socioeconomic status
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Which of the following countries is much less egalitarian than the others?
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Sweden
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In general, technology __________ jobs that require higher levels of education while it __________ jobs that require middle and lower levels of education.
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complements; replaces
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The premise of the __________ is that billionaires, millionaires, and all those at the top of the income ladder are expected to pay more in taxes than minimum-wage employees.
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progressive tax system
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Because there are no obvious ways of determining how much opportunity individuals really have, social scientists measure it indirectly by examining __________.
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social mobility
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Sociologists refer to societies in which individuals experience no social mobility as __________.
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caste societies
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Lana, a single woman with no dependents, is unable to afford basic necessities, such as housing and healthcare. What type of poverty is she experiencing?
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absolute poverty
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In general, countries with __________ inequality also tend to have __________ social mobility.
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High,low
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__________ are much more likely than __________ to live in poverty in the United States.
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Racial minorities; whites
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When did homelessness begin to grow into a serious problem in the United States?
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1980
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Patricia works as a sales manager and earns approximately $60,000 a year. She owns her own home and has $20,000 in the bank as an emergency fund. She also owns a rental property, from which she earns $12,000 a year. Which of the following responses best represents her wealth?
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her two properties and her $20,000 savings
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Sandra is a corporate attorney. She graduated from Harvard Law School at the top of her class and earns $250,000 a year. Sociologists who evaluate Sandra's social position based on the dimensions of her income, education, and occupation would describe her as __________.
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having high SES
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The components of Nike tennis shoes are produced in different parts of the world. The final assembly of the shoes is completed in China. Thereafter the shoes are shipped to the United States, where David purchases a pair at a suburban mall in Denver. Of the following economic phenomena, which does this scenario best represent?
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globalization
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Karen is a home care aid. She earns about $10 an hour and works 40 hours a week. She is unable to save, and last month her car broke down. She cannot afford to fix her car, being already late in paying her bills for gas and electricity. From this description of Karen's life, you conclude that she is a member of which class?
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the working poor
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It is often better to use the __________, instead of the __________, to measure household income because it is a more stable calculation that is influenced less by outliers.
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Median: Mean
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The United States spends __________ on programs that directly alleviate poverty than other wealthy nations.
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less
