SOCI Final Study Guide Questions with Complete Solutions

Proverbial dangling carrot Chasing something you can't always get. No one ever wins, mad dash to acquire something Creative class- a category of workers in multiple occupations and industries united by the fact that creativity is central to their productive work. It is in high demand by companies and, as an extension, by cities and towns, which go to great efforts to attract them. Universal Class - class of people within a stratified society for which, at a given point in history, self-interested action coincides with the needs of humanity as a whole. Middle class- a term commonly used to describe those individuals with non manual jobs that pay significantly more than the poverty line —though this is a highly debated and expansive category, particularly in the United States, where broad swaths of the population consider themselves middle-class Upper class - a term for the economic elite Is america a corporation- -is a juristic person—an entity that has all the legal rights, duties, and responsibilities of a person—and corporations structure economic life around the world. What is a corporation, how does it function- an entity that has all the legal rights, duties, and responsibilities of a person—and corporations structure economic life around the world. 2 main functions of schools- educate and socialize Adams smith and what he says about competition- argued that competition, driven by people's inherent self-interest and drive to trade, helps maintain a cohesive society