SOCIAL PROBLEMS TEST 1 2025\\
2026 STUDY GUIDE
The authors argue that many of the problems of U.S. society largely result from the __________. -
correct answer<<<<<<<maldistribution of power
According to Marx's theory of capitalism, the social class in power controls the economy primarily by
__________. - correct answer<<<<<<<owning the means of production
Marx asserted that capitalism has within it the seeds of its own destruction because of __________. -
correct answer<<<<<<<the inevitability of monopolies
According to Marx, capitalism will produce a class of oppressed people called the __________, bent on
destroying it. - correct answer<<<<<<<proletariats
Contrary to classical economic theory, capitalism is now dominated by huge corporations that
__________. - correct answer<<<<<<<control the demands of the market
Megamergers affect the entire economy in that they __________. - correct answer<<<<<<<eliminate
jobs
__________ are corporate enterprises with holdings and subsidiaries in several different countries. -
correct answer<<<<<<<Transnational corporations
In 2009, the richest 5 percent of U.S. households owned over __________ percent of the nation's
private wealth. - correct answer<<<<<<<63
In 2011, the average CEO of a Fortune 500 company was paid __________ times more than the average
worker. - correct answer<<<<<<<380
, The average U.S. worker would have to work nearly one __________to make a CEO's hourly salary. -
correct answer<<<<<<<month
In contrast to socialism, capitalism is characterized by __________. - correct answer<<<<<<<free market
competition
The linkage between corporations when an individual serves on the board of directors of multiple
companies is called a(n) __________. - correct answer<<<<<<<interlocking directorate
Recent tax policies in the United States have __________. - correct answer<<<<<<<exacerbated the
unequal distribution of wealth
There is a(n) __________ connection between the growth of multinational corporations and the
reduction of semi-skilled and unskilled jobs in the United States. - correct answer<<<<<<<direct
Critics argue that capitalism, because its objective is profit and not enhancing the human condition,
promotes __________. - correct answer<<<<<<<inequality
According to your text, Adam Smith would __________. - correct answer<<<<<<<not recognize
capitalism in America today
One strategic reason that multinational corporations move to developing countries is that __________. -
correct answer<<<<<<<there are fewer regulations, which translates into more profits
Which of the following is an example of a shared monopoly? - correct answer<<<<<<<Company X,
Company Y, and Company Z together supply 60 percent of all beds in the United States.
Which of the following is an example of a direct interlock? - correct answer<<<<<<<Jones sits on the
board of Company A and Company B.
2026 STUDY GUIDE
The authors argue that many of the problems of U.S. society largely result from the __________. -
correct answer<<<<<<<maldistribution of power
According to Marx's theory of capitalism, the social class in power controls the economy primarily by
__________. - correct answer<<<<<<<owning the means of production
Marx asserted that capitalism has within it the seeds of its own destruction because of __________. -
correct answer<<<<<<<the inevitability of monopolies
According to Marx, capitalism will produce a class of oppressed people called the __________, bent on
destroying it. - correct answer<<<<<<<proletariats
Contrary to classical economic theory, capitalism is now dominated by huge corporations that
__________. - correct answer<<<<<<<control the demands of the market
Megamergers affect the entire economy in that they __________. - correct answer<<<<<<<eliminate
jobs
__________ are corporate enterprises with holdings and subsidiaries in several different countries. -
correct answer<<<<<<<Transnational corporations
In 2009, the richest 5 percent of U.S. households owned over __________ percent of the nation's
private wealth. - correct answer<<<<<<<63
In 2011, the average CEO of a Fortune 500 company was paid __________ times more than the average
worker. - correct answer<<<<<<<380
, The average U.S. worker would have to work nearly one __________to make a CEO's hourly salary. -
correct answer<<<<<<<month
In contrast to socialism, capitalism is characterized by __________. - correct answer<<<<<<<free market
competition
The linkage between corporations when an individual serves on the board of directors of multiple
companies is called a(n) __________. - correct answer<<<<<<<interlocking directorate
Recent tax policies in the United States have __________. - correct answer<<<<<<<exacerbated the
unequal distribution of wealth
There is a(n) __________ connection between the growth of multinational corporations and the
reduction of semi-skilled and unskilled jobs in the United States. - correct answer<<<<<<<direct
Critics argue that capitalism, because its objective is profit and not enhancing the human condition,
promotes __________. - correct answer<<<<<<<inequality
According to your text, Adam Smith would __________. - correct answer<<<<<<<not recognize
capitalism in America today
One strategic reason that multinational corporations move to developing countries is that __________. -
correct answer<<<<<<<there are fewer regulations, which translates into more profits
Which of the following is an example of a shared monopoly? - correct answer<<<<<<<Company X,
Company Y, and Company Z together supply 60 percent of all beds in the United States.
Which of the following is an example of a direct interlock? - correct answer<<<<<<<Jones sits on the
board of Company A and Company B.
