Any human effort that adds something of value to the goods and services that are available to others is called ____.
Answer
Correct Answer:
Work
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People who are jobless, have actively looked for work in the prior 4 weeks, and are available for work are called ____.
Answer
Correct Answer:
Unemployed
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A type of economic system in which, theoretically, the government manages the economy in the interests of the workers is called _____.
Answer
Correct Answer:
Socialism
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Economically productive activities that do not result directly in physical products are called ______.
Answer
Correct Answer:
Services
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A practice that sought to use principles of engineering to reduce the physical movements of workers is called ______.
Answer
Correct Answer:
Scientific management
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A pool of job seekers whose numbers outpace the available positions and thus contribute to keeping wages low and conditions of work tenuous is called Reserve army of labour.
Answer
Correct Answer:
True
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The sector of the labor market in which jobs are linked to the government is called _____ sector.
Answer
Correct Answer:
Public
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The sector of the labor market that provides goods and services to the economy and consumers with the primary motive of gaining profit is called ______ sector.
Answer
Correct Answer:
Private
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Not in the labor force defines as persons who are neither officially employed nor officially unemployed.
Answer
Correct Answer:
True
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Those things that make it possible for people to acquire goods and services and for the same people to be controlled and exploited as consumers” is known as Means of consumption is presented by ______.
Answer
Correct Answer:
Ritzer
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The large-scale, highly standardized manufacturing of identical commodities on a mechanical assembly line is called _____.
Answer
Correct Answer:
Mass production
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Persons who would like to work and have searched actively for a job in the past 12 months (but not in the prior 4 weeks) is known as Marginally attached to the work.
Answer
Correct Answer:
True
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Labour force participate rate is termed in sense of figure which represents the total of those counted by BLS as employed and those counted as unemployed, as a proportion of the civilian, noninstitutionalized population 16 years of age and over.
Answer
Correct Answer:
True
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Those income-generating economic activities that are not regulated by the governmental institutions that ordinarily regulate similar activities is known as ______.
Answer
Correct Answer:
Informal economy
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Objects that have an economic value to others are called _____.
Answer
Correct Answer:
Goods
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All work-related activities that provide income and are regulated by government agencies is known as _____ economy.
Answer
Correct Answer:
Formal
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_____persons are those who are 16 years of age or older in the civilian, noninstitutional population who did any paid work—even as little as 1 hour—in the reference week or worked in their own businesses or farms.
Answer
Correct Answer:
Employed
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Hochschild in 2003 presented “The commodification of emotions, including the management of feeling to create a publicly observable facial and bodily display” is known as ____ labour.
Answer
Correct Answer:
Emotional
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The social institution organizes how a society produces, distributes, and consumes goods and services is known as _____.
Answer
Correct Answer:
Economy
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Those who would like to work but have given up searching, believing that no jobs are available for them are called _____ workers.
Answer
Correct Answer:
Discouraged
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A type of economic system without private ownership of the means of production and, theoretically, without economic classes or economic inequality is called _____.
Answer
Correct Answer:
Communism
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Economic order is characterized by the market allocation of goods and services, production for private profit, and private ownership of the means of producing wealth is called _____.
Answer
Correct Answer:
Capitalism
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An economy is based on the exchange of goods and services rather than money is called _____economy.
Answer
Correct Answer:
Barter
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The replacement of human labor by machines in the production process is called _____.
Answer
Correct Answer:
Automation
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