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15 Cards in this Set
- Front
- Back
__________ means that only the assets of the corporation are liable to seizure in the case of economic failure or wrongdoing.
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Limited liability
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In 1960, over 28 percent of all workers were employed in manufacturing jobs. By 2005, this figure
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dropped to about 11 percent
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Between 1940 and 1990, the proportion of married women in the labor force rose by 10 percentage points per decade, and today, the proportion is about __________ percent
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70
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There are four broad categories of employment. Which of the following is NOT one of these
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menial
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Which group experienced an unemployment increase of 76 percent after 2000
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managers and professionals
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__________ workers are people who are out of work not because of personal disadvantages but because industries and manufacturers have cut back production and eliminated a large number of jobs
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Discouraged
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Outstanding installment debt has grown from $29 billion in 1955 to more than __________ billion today
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$600
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__________ refers to the ever greater economic interdependence of nations
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Globalization
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_________ are large corporations (often with many subsidiary corporations) that have their headquarters in one country but pursue business activities and profits in one or more foreign nations.
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Multinationals
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One effect the emergence of technology has had on business is the growth of
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self-employment
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As defined by the federal government, the labor force consists of all people who fit the following EXCEPT
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could work if given the opportunity
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The text points out that multinationals have created a/an __________ that is made possible by two kinds of technology: high-speed transportation and component production
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global factory
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Sociologists Stanley Aronowitz and William DiFazio argue that for millions of people in the older Western industrial nations, which are experiencing a combination of high rates of job elimination through automation and extensive exporting of less skilled work to low-wage regions of the world, there will be a
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jobless future
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capitalist who creates a new business venture is known as a/an
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entrepreneur.
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Which of the following is/are identified in the text as drawbacks to a consumer-based economy?
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all of the above
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