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1
Q

What is globalization? Who gains from it? Who loses?

A

international integration arising from the interchange of world views, products, ideas, and other aspects of culture. Workers with low skill and low income lose

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2
Q

What countries did the author of Where Am I Wearing visit?

A

Bangladesh, Cambodia, China, US

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3
Q

What were the working and living conditions in Bangladesh?

A

low pay, bad living conditions, extremely cramped living quarters

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4
Q

What were the working and living conditions in Cambodia?

A

minefield, factory workers live 8 to a room

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5
Q

What were the working and living conditions in China?

A

worked many hours and lied about hours, china rapidly changing some parts shitty some parts arent

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6
Q

What were the working and living conditions in the US?

A

made more money, shorter hours, factories were safter

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7
Q

What is social class?

A

hierarchy difference between groups of people, self perpetuating

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8
Q

What are the three main social classes?

A

capitalist, middle, working

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9
Q

Give two examples of a job in the capitalist class

A

CEOs, COOs

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10
Q

Give two examples of a job in the middle class

A

doctors and lawyers

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11
Q

Give two examples of a job in the working class

A

waiters, janitors

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12
Q

What percentage of the US is in the capitalist class?

A

2%

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13
Q

What percentage of the US is in the working class?

A

62%

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14
Q

What percentage of the US is in the middle class?

A

36%

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15
Q

Do equal percentages of lower and higher income young adults go to college?

A

no higher income young adults go more

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16
Q

What phrase describes changes in income in the US from the end of WWII to about the early 70s?

A

a rising tide lifts the boats

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17
Q

What phrase describes changes in income in the US from the early 70s to today?

A

the rich get richer the poor get poorer

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18
Q

When productivity goes up, do wages stay the same?

A

no wages have stayed the same but productivity is increasing. But they did up until the 70s

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19
Q

How much is CEO pay in the US compare, compared to average worker pay?

A

325x

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20
Q

How does income inequality in the US compare to other developed countries?

A

its higher

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21
Q

How do taxes on the wealthy in the US currently compare to what they were in the 1950s and 1960s?

A

lower

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22
Q

Are taxes in the US high or low compared to other industrialized countries?

A

lower

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23
Q

Do tax cuts for the wealthy reliably lead to more jobs?

A

no, sometimes they sometimes they dont, no pattern

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24
Q

How were the outcomes of the plant closings in the video different? What explains the differences?

A

Sweden forces corporations to pay for unemployment if a plant closes

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25
How are the goals of government organizations and corporations typically different?
Government is to serve, protect, and help people. Corporations try to make money
26
What are government organizations typically good at?
serve everyone and provide infrastructure, taking in everybody's opinion
27
What are corporations typically good at?
make money and create wealth, innovating quickly
28
Is the government generally inefficient compared to the private sector?
no more efficient that perceived
29
What is neoliberal capitalism?
seeks to maximize the role of the private sector in determining the political and economic priorities of the state
30
What are neoliberal capitalism its strengths and weakness?
S: creation of wealth, wide variety of prices W:Globalization can subvert nations' ability for self-determination
31
What countries are largely capitalist today?
canada, us
32
What is social democracy?
certain things society should provide for everyone ex: healthcare
33
What are social democracy its strengths and weaknesses?
S: high standard of living, common good W: high taxes
34
What countries are social democracies?
Sweden, norway, finland
35
What is communism?
a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.
36
What are communism its strengths and weaknesses?
S: More equality W: less prosperity, political oppression
37
What counties were communist at the height of the Cold War?
russia, cuba, china, eastern europe
38
What countries identify themselves as communist today?
north korea, cuba, china, vietnam, laos
39
Of the current communist countries which are hybrids?
China and vietnam
40
What famous book did Adam Smith right?
An inquiry into the nature and causes of the Wealth of Nations
41
What is the invisible hand?
people acting in their own self interest for better as a whole
42
What is Creative Destruction?
some industries will come and go due to technology
43
What 2 famous works did Karl Marx and Frederick Engels write?
The Communist Manifesto and Das Kapital
44
What happens when inequality gets too extreme?
rebellions
45
What concept related to job satisfaction did Marx write about?
alienation
46
Does the US spend more or less on health care per person that most other developed nations?
a lot more
47
Does the US have better health outcomes than most other developed nations?
no lower
48
Currently is health care in the US entire private or mixed?
mixed
49
What is cognitive dissonance? Give an example
Refers to having 2 conflicting ideas in your mind but not trying to resolve them. Example: Boss says if youre late one more time you're fired but you see someone in an accident you wanna help
50
What is skill variety? Give an example of low skill and high skill variety.
involves the number of different types of skills that are used to do a job. High skill variety would be a social worker while low skill variety would be a factory worker.
51
What is task identity?
Matter of realizing a visible outcome from performing a task
52
What is task significance?
The importance of one's job. For example a police officer.
53
What is autonomy?
Self-directing, for example a manager or a boss.
54
What is feedback from job?
Like a supervisor coming in and giving thoughts and ideas about a store compared to another.
55
Define Satisficing and Give an example. Is it still useful? Why or why not?
Good enough but not perfect in decision making process (not following all 6 steps). Ex: choosing colleges but not going through every college in the world. It is still useful because it saves time.
56
Define Intuition and give an example. Is it still useful? Why or why not?
Can't quite explain it but you have seen the situation before and have a feeling what will happen next. Ex: "feel" when a tornado is coming.
57
What is the self-fulfilling prophecy? Give an example
How an individual's behavior is determined by others expectations. Ex: If a manager expects big things from someone they will try their hardest not to let them down.
58
What is the fundamental attribution error? Give an example
When we tend to underestimate the influence of external factors and overestimate the influence of internal or personal factors. Ex: manager blames laziness rather than a competitor.
59
What is the different between content and process theories of motivation?
Content says we can tell what motivates you. Process theories don't say exactly what motivates you how it works.
60
What has more research support, process theories or content theories?
process
61
Which theories are content theories and which ones are process?
Content: maslow Process: expectancy, equity
62
Explain the Expectancy Theory.
motivation = expectancy x instrumentality x valence
63
Define expectancy. Give an example
The probability perceived by the individual that exerting a given amount of effort will lead to performance. EX: If I study for 3 hours between now and thursday will i get a good grade?
64
Define instrumentality. Give an example.
Is it key to getting something else. EX: Will it get me a good grade?
65
Define valence. Give an example.
If I'm rewarded, do those rewards appeal to me? EX: Does getting a 4.0 matter?
66
Explain the Equity Theory.
How motivated you are compared to others. If you are underrewarded you have -inequity. If you get overrewarded you have +inequity
67
How do people respond to the equity theory?
They want change if its negative, won't care if its positive.
68
Describe the open systems view of organizations
input(ex:student) - transformation(classes) - output(degree) all over external environment(what do employers think of out grads?)

ISS (4 decks)

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