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Flashcards in Wright and Rogers Chapter 2 Deck (49)
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1
Q

In our society what does it mean to say we have a high level of Technological Development?

A

The techniques we use to produce things are highly productive: Fewer inputs required for the amount of output in relation to the past.

2
Q

What is an example of High productivity and technological development?

A

Less than 3 percent of the labor force works in agriculture to provide food for the 300 million people

3
Q

What does a Post-Industrial society mean really for humans?

A

They are now producing services, not physical things.

4
Q

What is the economy when we talk about it?

A

All the ways people produce the goods and services consumed in a society.

5
Q

What kind of economy does the US have?

A

A type of capitalism, dominated by Gigantic Organizations, with Weak Unions, Weakly regulated markets that exist in an increasingly globalized system of economic interactions.

6
Q

What three things make a Capitalist economy, and does the US have one?

A

Markets for exchange, Private ownership and control of investment, and Markets for labor. Yes.

7
Q

What are Markets for exchange?

A

Production is organized for market rather than immediate use by producers. IE Food on a farm V. Family garden.

8
Q

What does Private ownership and control of investment mean?

A

Firms that organize production are owned privately V. owned by a public body like the state. They also control their investments which is allocated for future economic activity.

9
Q

What are Markets for labor?

A

The people who work in firms are hired from a labor market to work in firms as employees

10
Q

If firms are owned by employees is that a form of capitalism?

A

No. that is more of a noncapitalist firm working within capitalism

11
Q

United states capitalism is dominated by huge megacorprations. T/F?

A

True.

12
Q

T/F? The top ten US firms in the fortune magazine list of 500 largest firms had combined revenues of over 2.2 trillion?

A

True

13
Q

If these ten firms were a country where would they rank in relation to the worlds toip economies?

A

8th.

14
Q

T/F? America’s top ten organizations each individually had revenues in 2012 less than the combined income of the 134 million people living in the 48 poorest countries in the world

A

False they did. Exxon mobil alone had revenues greater than the combined income of 345 million people in the world’s 75 poorest countries

15
Q

T/F The united states has one of the greatest labor movements of any developed capitalist country?

A

False they have among the weakest.

16
Q

What is a labor union?

A

an association people form to bargain more effectively with employers and in other ways collectively pursue their interests.

17
Q

Why are Labor unions strong?

A

Because they develop collective power. a firm may not need one employee but it does need all of it’s employees.

18
Q

What happens as a result of US labor unions being so weak?

A

Labor markets are less regulated and involve more competition. As well as American workers have fewer rights.

19
Q

What are some rights that are not given to American workers?

A

Parental leaves and Right to strike.

20
Q

What are Parental leaves? and how are they weak in the labor market?

A

They are leaves given to parents when a child is born. They are weak though because workers do not receive paid leave when this happens.

21
Q

What is right to strike and how is it not implemented in the US?

A

RTS=Right to strike, however in the US the employee has the right to hire a temporary replacement in this situation but in other countries they have a right to their job when they come back.

22
Q

What are some examples of how the US economy is not well regulated in relation to labor markets?

A

Employers have will to fire and hire employees freely, minimum wage is low and provides no real protection for workers, and GOV regulation of training and skills is minimal.

23
Q

What is the percentage of Public employment in relation to the labor force in the US?

A

15 percent, and most is at the local government level.

24
Q

What percentage of Civilian spending was put towards nonmilitary spending in 2012?

A

about 34.5 percent which in turn is among the lowest levels of all economically developed countries.

25
Q

Is the United states a highly taxed economy?

A

No. The tax burden compared to the GDP in 2013 was just 25% compared to 35+% in European countries.

26
Q

The integration into the worlds economies can be seen from what vantage points?

A

Trade, Production, and Ownership.

27
Q

In relation to the US and Globalization, what is Trade?

A

How much imports plus exports equal in relation to the GNP. in WW1- 1960= 10% Now in the 21st century it equals about 25%

28
Q

What is cause for the major change in imports and exports for the US?

A

American Firms are now involved in intense competitions with firms in other countries?

29
Q

In relation to Globalization, what does Production mean?

A

Production requires materials and components that are manufactured in companies from all over the world.

30
Q

What does a global factory mean?

A

Raw materials come from some place, Parts made from those materials come from another, and they’re assembled in a different place.

31
Q

In relation to Globalization, what does Ownership mean?

A

Many corporations have operations in other countries which export goods to the US as well as other places but which economy is it apart of?

32
Q

What does Winner take all mean?

A

Each candidate is elected from a district in which one candidate wins

33
Q

What does Federalism Mean?

A

NaTIONAL POWER IS EXPLICITLY SHARED WITH SUBNATIONAL UNITS OF GOVERNMENTS CALLED STATES.

34
Q

The US has a Divided Government, but what exactly is that?

A

One that assigns clear and separate constitutional bases for power to its legislative, executive, and judicial branches.

35
Q

What’s a big difference in the power that leads the country in the US Vs other states?

A

It’s presidential, not parliamentary.

36
Q

What is parliamentary and how does it differ?

A

Head of state andhead of gov are sperated. Dominant group in legislature elects head rather than citizens

37
Q

How much does the US spend on its military compared to other countries?

A

Ten times as much.

38
Q

Is the US economy deeply integrated with the production of military goods?

A

Yes. both for it’s use and for export.

39
Q

What are some major terms that define American culture?

A

Pluralism and tolerance, Individualism, Religiosity, and Commercialism and consumerism.

40
Q

In relation to violence, what are some main terms that represent what a US society is like inrelation to this question?

A

Gun murders, Homicide, Prisons, Death Penalty, and Police Presence.

41
Q

In relation to Violence and repressive control how does Gun Murders represent a US society

A

There were at least 31 gun murders a day in the us in 2011, while there were only 38 a year for great britain

42
Q

In relation to Violence and repressive control how does Homicide represent a US society

A

The second leading cause of death among 15-24 and eading cause of death for black males aged 15-34

43
Q

In relation to Violence and repressive control how do Prisons represent a US society

A

in the US in 2011 there were 76 prisoners or every 100,00 people but US ony has 5 percent of worlds pop but 24 percent of the worlds prisons population

44
Q

In relation to Violence and repressive control how does The Death Penalty represent a US society

A

Only economically developed country besides south korea and japan to still have death penalty

45
Q

In relation to Violence and repressive control how does Police Presence represent a US society

A

in 2012 the US had almost 1.7 million police and security gaurds representing over 1 percent of the labor force.

46
Q

In relation to US culture how does Pluralism and Tolerance describe the US?

A

There are may subcultures, and peope are tolerant tot this.; IE Nascar fans, amish communities, sothern traditionalist.

47
Q

In relation to US culture how does Individualism describe the US?

A

individual autonomy and freedom are key, and a persons fate is decided by themselves

48
Q

In relation to US culture how does Commercialism and Consumerism describe the US?

A

Americans save less and buy more than any other country. Success in the market indicates high class.

49
Q

In relation to US culture how does Religiosity describe the US?

A

Americans are among the most religious in theworld at least in church attendence and beliefs.