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SOCI 1510 FINAL EXAM QUESTIONS AND ANSWERS 2025

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An economy deals with: - Production, distribution, and consumption Structural Functionalism (Econ/Work) - A stratified labor market maintains the system Conflict Theory (Econ/Work) - A stratified labor market creates exploitation and conflict Symbolic Interactionism (Econ/Work) - Work is central to our identity and self-concept What was the earliest American economy? - Hunting and gathering societies (later transitioned to horticultural societies) Characteristics of Agricultural Revolution - Social and economic changes, population increases, and increased efficiency of food production Characteristics of Industrial Revolution - Rapid transformations to social life, technological and economic developments (assembly line, steam power, urbanization) Characteristics of Information Revolution - Made possible by the development of the microchip, knowledge workers, service workers Characteristics of Capitalism - Free market competition, privatization of the means of production, production for a profit (supply/demand as a means to set a price) Pros of Capitalism - Encourages efficiency, new technology, expansion of markets, cost cutting Cons of Capitalism - Class stratification, privatization of basic human services, transnational reach, exploitation Characteristics of Socialism - Collective ownership of the means of production, collective distribution of goods/services, government regulation of the economy Pros of Socialism - Collectivist work ethic, greater distribution of wealth, free access to basic social services, reduced class inequality & poverty

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SOCI 1510


SOCI 1510 FINAL EXAM QUESTIONS
AND ANSWERS 2025
An economy deals with: - Production, distribution, and consumption



Structural Functionalism (Econ/Work) - A stratified labor market maintains the system



Conflict Theory (Econ/Work) - A stratified labor market creates exploitation and conflict



Symbolic Interactionism (Econ/Work) - Work is central to our identity and self-concept



What was the earliest American economy? - Hunting and gathering societies (later transitioned
to horticultural societies)



Characteristics of Agricultural Revolution - Social and economic changes, population increases,
and increased efficiency of food production



Characteristics of Industrial Revolution - Rapid transformations to social life, technological and
economic developments (assembly line, steam power, urbanization)



Characteristics of Information Revolution - Made possible by the development of the microchip,
knowledge workers, service workers



Characteristics of Capitalism - Free market competition, privatization of the means of
production, production for a profit (supply/demand as a means to set a price)



Pros of Capitalism - Encourages efficiency, new technology, expansion of markets, cost cutting


SOCI 1510

,SOCI 1510




Cons of Capitalism - Class stratification, privatization of basic human services, transnational
reach, exploitation



Characteristics of Socialism - Collective ownership of the means of production, collective
distribution of goods/services, government regulation of the economy



Pros of Socialism - Collectivist work ethic, greater distribution of wealth, free access to basic
social services, reduced class inequality & poverty



Cons of Socialism - Discourages free market competition and effort, still some class stratification
(racism, sexism, ageism, etc.), no middle class luxuries, complete government regulation



Things in the U.S. that are considered socialism: - Medicare/Medicaid, social security,
government aid, infrastructure



The Nature of Work - Pre-Industrial Revolution: more labor work, fields



Post-Industrial Revolution: offices, working from home



Marx and Alienation - Workers are alienated from:

- The product of their labor

- Their own productive activity

- Other people (fellow workers, owners)

- Human nature



Post-Industrial Work is - Service work that is often exploited and alienated


SOCI 1510

, SOCI 1510




How Workers Cope - Resistance strategies such as expressing discontent with their working
conditions and attempting to reclaim control of the conditions of their labor



Individual Resistance Strategies - Surfing the internet, sabotaging an assembly line,
personalizing workspace with photos, Parkinson's law (time it takes to complete a task expands
to time limit set)



Collective Resistance Strategies - Unions (collectively bargain for increased wages, benefits, and
better working conditions), walkouts, work stoppage, strikes, and boycotts



What is globalization? - Cultural and economic changes resulting from dramatically increased
international trade and exchange



Different Ways of Working - Telecommute, professional socialization, contingent workforces,
independent/third sectors



On the job (Econ/Work) - Internships can help you decide what you do/don't want to do, find
connections, and will look good on your resume; paid internships were offered more full-time
jobs and median salaries compared to unpaid.



In relationships (Econ/Work) - Breaks promote the professional and personal well-being of
employees and provide a space for social interaction



Global Perspective (Econ/Work) - "Gold farmers" are exploited in order to create status in an
online computer game



In the future (Econ/Work) - App-based gig work undercuts the conventional low-wage job
market, which can make it harder for regular workers to get a paycheck


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