1. Policies and programs designed to support people in great financial need is called
Answer
Correct Answer:
Welfare
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2. The market value of all assets owned (such as homes, cars, artwork, jewelry, businesses, and savings and retirement accounts) minus any debts owed (such as credit card debts, mortgages, and college loans) is called
Answer
Correct Answer:
Wealth
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3. A labor market in which higher-paid workers, largely White, try to protect their jobs and wages (often through unions) by excluding new groups (often minorities) entering the labor market from the higher-paying jobs Is known as
Answer
Correct Answer:
Split labour market
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4. A series of programs initiated in the mid-1930s by President Franklin Roosevelt in response to the Great Depression, with the aim of providing economic relief and instituting banking reform is called
Answer
Correct Answer:
New deal
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5. ____ social theory that embraces individualism, free markets, free trade, and limited government intervention or regulation
Answer
Correct Answer:
Neoliberal
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6. ____ Social theories concerning the impacts of economic change on class relations and conditions, as examined in the work of Karl Marx
Answer
Correct Answer:
Marxist
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7. Persons who are legally bound to work for their masters for a set number of years is indentured servants
Answer
Correct Answer:
True
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8. The sum of earnings from work, profit from items sold, and returns on investments is called
Answer
Correct Answer:
Income
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9. The Servicemen’s Readjustment Act, passed in 1944 to support veterans Gi bill of rights
Answer
Correct Answer:
True
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10. ____ deal is series of federal programs initiated in the late 1940s and early 1950s by President Harry Truman to protect workers from unfair employment practices, raise the minimum wage, and provide housing assistance, among other goals
Answer
Correct Answer:
Fair
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11. The shift from a manufacturing- to a service-based economy in urban areas Is economic restructuring
Answer
Correct Answer:
True
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12. ____ is person’s location in the social stratification, which encompasses particular levels of access to and control over resources for survival
Answer
Correct Answer:
Class
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13. ____ in which the enslaved persons are considered personal property, owned by their masters for life, and their children are the owners’ property as well
Answer
Correct Answer:
Chattel slavery
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14. ____ type of economy in which the means of production are held and controlled by private owners, not the government, and in which prices are set by the forces of supply and demand with minimal government interference
Answer
Correct Answer:
Capitalism
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15. Programs, begun under the administration of President Richard Nixon, requiring employers receiving federal funding to take affirmative steps to eliminate discrimination based on race, ethnicity, national origin, or gender in the hiring and treatment of employees is affirmative action
Answer
Correct Answer:
True
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16. Private corporations rarely benefit from social welfare.
Answer
Correct Answer:
False
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17. Which of the following was granted by the G.I. Bill of Rights?
Answer
Correct Answer:
Financing for college and buying a home
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18. Women and workers of color have historically been disproportionately disadvantaged by downward shifts in the economy.
Answer
Correct Answer:
True
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19. A person working as a car salesperson would be considered to have a ______ job.
Answer
Correct Answer:
Pink collar
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20. Which of the following was part of the New Deal in the mid-1930s?
Answer
Correct Answer:
It created Social Security
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21. Which of the following was true of slaves brought to America forcefully by European colonists?
Answer
Correct Answer:
At first they were indentured servants
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22. Food stamps, subsidized childcare, social security, Medicare, and Medicaid are all considered examples of social welfare.
Answer
Correct Answer:
True
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23. Which of the following is one of the three largest occupational categories today?
Answer
Correct Answer:
Healthcare
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24. A person’s ability to immigrate to the United States is limited by ______.
Answer
Correct Answer:
Their education level
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25. A recommended revision to the tax code includes increasing the estate tax to help level the playing field.
Answer
Correct Answer:
True
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26. Which of the following is an assumption of neoliberal theory?
Answer
Correct Answer:
Free trade benefits everyone, including all nations and their peoples
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27. Most employers rely on ______, thus 80 percent of jobs are filled without being advertised.
Answer
Correct Answer:
Their own social networks and those of people they know
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28. Affirmative action policies mandate racial quotas for all employers with over 50 employees.
Answer
Correct Answer:
False
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29. The Coalition of Immokalee Workers is a community-based organization of low-wage earning Latino, Mayan, Indian and Haitian immigrants in Florida.
Answer
Correct Answer:
True
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30. A person working as an accountant would be considered to a ______ job.
Answer
Correct Answer:
White collar
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Diverse Society (Race, Gender, Class) MCQs | Topic-wise
