SOCY 1000 MCCONNELL FINAL EXAM
QUESTIONS WITH VERIFIED
ANSWERS. A+ GRADE 2025/2026.
Greater demand for inexpensive products and various services are characteristics of what? -
ANS consumer society
The Sherman Antitrust Act was to put an end to what form of capitalism? - ANS monopoly
capitalism
What kind of economy is based only on the use value of goods? - ANS subsistence economy
High inequality results in what form of capitalism? - ANS corporate capitalism
The former Soviet Union established an economy of what type? - ANS state bureaucratic
socialism
What is an economy in which goods are produced for both use value and exchange value, but
where there is no labor market? - ANS simple market
Mass production of homogeneous goods on an assembly line for a mass market is what? -
ANS fordism
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, An economy in which the state arbitrates between corporations and labor unions is what? -
ANS state capitalism
A worker who somehow reorganizes some aspect of a client's experience is working where? -
ANS service sector
The principles of scientific management were developed in what? - ANS taylorism
The United States has what form of capitalism? - ANS corporate capitalism
What form of capitalism was Marx observing during his lifetime? - ANS competitive
capitalism
What term did Marx use to describe labor in industrial capitalism? - ANS alienation
Technological change has contributed to what in the U.S. economy? - ANS deindustrialization
When goods are produced only to be consumed directly by the producers, those goods have
what? - ANS use value
Private ownership and control of investment are two characteristics of capitalism. - ANS true
The United States has a simple market economy. - ANS false
State capitalism is found in East Asia. - ANS true
Capitalism is now transnational. - ANS true
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
QUESTIONS WITH VERIFIED
ANSWERS. A+ GRADE 2025/2026.
Greater demand for inexpensive products and various services are characteristics of what? -
ANS consumer society
The Sherman Antitrust Act was to put an end to what form of capitalism? - ANS monopoly
capitalism
What kind of economy is based only on the use value of goods? - ANS subsistence economy
High inequality results in what form of capitalism? - ANS corporate capitalism
The former Soviet Union established an economy of what type? - ANS state bureaucratic
socialism
What is an economy in which goods are produced for both use value and exchange value, but
where there is no labor market? - ANS simple market
Mass production of homogeneous goods on an assembly line for a mass market is what? -
ANS fordism
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, An economy in which the state arbitrates between corporations and labor unions is what? -
ANS state capitalism
A worker who somehow reorganizes some aspect of a client's experience is working where? -
ANS service sector
The principles of scientific management were developed in what? - ANS taylorism
The United States has what form of capitalism? - ANS corporate capitalism
What form of capitalism was Marx observing during his lifetime? - ANS competitive
capitalism
What term did Marx use to describe labor in industrial capitalism? - ANS alienation
Technological change has contributed to what in the U.S. economy? - ANS deindustrialization
When goods are produced only to be consumed directly by the producers, those goods have
what? - ANS use value
Private ownership and control of investment are two characteristics of capitalism. - ANS true
The United States has a simple market economy. - ANS false
State capitalism is found in East Asia. - ANS true
Capitalism is now transnational. - ANS true
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
