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    ECONOMIC SYSTEMS QUIZ - Sociology

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    Christian Ervhen Laguatan
    The document is a quiz on concepts in sociology related to economics. It contains 15 multiple choice questions covering topics such as dominant economic systems (capitalism and socialism), countries transitioning to market economies (China), key ideas of socialism (government ownership and equal distribution), contributions to job satisfaction according to symbolic interactionists (control over work), and the role of money in early economies (means of exchange for goods and services).

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    ECONOMIC SYSTEMS QUIZ - Sociology

    Uploaded by

    Christian Ervhen Laguatan
    13 views2 pages
    The document is a quiz on concepts in sociology related to economics. It contains 15 multiple choice questions covering topics such as dominant economic systems (capitalism and socialism), countries transitioning to market economies (China), key ideas of socialism (government ownership and equal distribution), contributions to job satisfaction according to symbolic interactionists (control over work), and the role of money in early economies (means of exchange for goods and services).

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    Social Science assessment.

    Original Title

    ECONOMIC SYSTEMS QUIZ_Sociology

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    The document is a quiz on concepts in sociology related to economics. It contains 15 multiple choice questions covering topics such as dominant economic systems (capitalism and socialism), countries transitioning to market economies (China), key ideas of socialism (government ownership and equal distribution), contributions to job satisfaction according to symbolic interactionists (control over work), and the role of money in early economies (means of exchange for goods and services).

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views2 pages

    ECONOMIC SYSTEMS QUIZ - Sociology

    Uploaded by

    Christian Ervhen Laguatan
    The document is a quiz on concepts in sociology related to economics. It contains 15 multiple choice questions covering topics such as dominant economic systems (capitalism and socialism), countries transitioning to market economies (China), key ideas of socialism (government ownership and equal distribution), contributions to job satisfaction according to symbolic interactionists (control over work), and the role of money in early economies (means of exchange for goods and services).

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    SOCIOLOGY C.

    Germany and France


    QUIZ D. United Kingdom and Canada

    INSTRUCTIONS: Answer the following questions. 8. What is the primary sector of the economy responsible
    for?
    Quiz Questions: A. Providing services like healthcare and education
    1. What are the two dominant economic systems of the B. Extracting and producing raw materials
    modern era? C. Manufacturing finished goods
    A. Capitalism and socialism D. Producing ideas and research
    B. Communism and socialism
    C. Capitalism and communism 9. How does convergence theory explain the development
    D. Mercantilism and socialism of economies?
    A. Economies become more similar as they develop
    2. Which country has been transitioning to a market-based B. Economies diverge and become more varied
    economy since the fall of communism? C. Economies follow a cyclical pattern of growth and
    A. Russia decline
    B. Vietnam D. Economies are shaped by social conflict and inequality
    C. China
    D. United States 10. According to conflict theorists, what is the main source
    of economic inequality?
    3. What are the key ideas of socialism? A. Lack of government regulation
    A. Government ownership and equal distribution of wealth B. Exploitation by the ruling class
    B. Private ownership and wealth accumulation C. Lack of education and skills
    C. Market competition and profit-driven economy D. Individual choices and decisions
    D. State control and restricted market access
    11. What is career inheritance?
    4. According to the Davis-Moore thesis, why do some A. The passing down of family businesses
    occupations have higher rewards? B. The tendency for children to enter the same occupation
    A. Because of government regulations as their parents
    B. Because of the scarcity and difficulty of the occupation C. The transfer of wealth from one generation to the next
    C. Because of nepotism and favoritism D. The process of inheriting job responsibilities from a
    D. Because of luck and chance retiring colleague

    5. What is the main goal of capitalism? 12. What contributes to job satisfaction according to
    A. Equal distribution of wealth symbolic interactionists?
    B. Government control of production A. High salary and benefits
    C. Individual profit and wealth accumulation B. Job security and stability
    D. State ownership of resources C. Control over one's work and decision-making processes
    D. Prestige and social recognition
    6. What is the role of the government in a socialist
    economy? 13. What is the main focus of the functionalist perspective
    A. To regulate and control all industries on the economy?
    B. To promote competition and market efficiency A. Economic inequality and exploitation
    C. To ensure equal distribution of wealth B. Economic efficiency and stability
    D. To maximize individual profit C. Social construction of reality through symbols
    D. Individual job satisfaction and career development
    7. Which countries are examples of socialist economies?
    A. United States and Japan 14. What is the main critique of capitalism from a conflict
    B. Russia and China perspective?
    A. Lack of government control and regulation
    B. Exploitation and unequal distribution of wealth
    C. Inefficient allocation of resources
    D. Lack of individual freedom and choice

    15. What is the role of money in early economies?


    A. A means of exchange for goods and services
    B. A symbol of social status and wealth
    C. A tool for economic exploitation
    D. A form of government control and regulation

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