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41 Cards in this Set
- Front
- Back
In order to be able to learn something, you must
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actively engage with what you are trying to learn
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One of the implications of Zinn's article on Colombus is that the choice of questions a scientist chooses to answer is
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in part determined by the ideological bias of the scientist
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To the Arawaks, human behavior seemed to reflect a view of human nature, which was defined as
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all in society are basically the same, so all should share equally
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Which of the following is true about the problem of ideology (bias?)
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The easiest way to notice our ideology is when we are confronted with a different ideology.
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Changing the way an issue is framed, or the way a question is asked, sometimes changes the conclusions reached by the model.
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TRUE
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We know that A causes B. We see B happen. We then conclude that A was the cause. This is an example of
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the fallacy of affirming the consequence.
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A person's ideology helps them make sense of the world around, but it also affects how they view themselves within that world.
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TRUE
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Scientists spend most of their time trying to disprove theories because
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while it is impossible to prove a theory, it can be shown to be false.
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One of the reasons why there is more agreement in the theory of physics than the theory of economics is
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physicists can run repeated, controlled experiments and economists cannot.
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The '9dot problem' highlights the problem of bias by illustrating how
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placing incorrect boundaries on a problem may make impossible to solve.
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A scientific paradigm includes the definitions of the important questions to be addressed, the basic actors, assumptions about those actors and the techniques that are considered to be proper for studying the questions posed.
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TRUE
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A basic ideological assumption of the conservative and liberal paradigms that form the basis of the textbook in this course is that human nature is
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all individuals are driven by self interest and have insatiable wants.
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If something is true for every individual firm in an industry, then it will also be true for the industry as a whole.
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FALSE
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The article 'Imagine if the Tea Party was black' suggests that how we view the actions and motivations of a group of people will be affected by our larger ideological view of the world.
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TRUE
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To an economic historian, the concept of 'class' refers to
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the role that a person plays in the process of production.
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Which of the following is NOT a middle class in the system of slavery.
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slave-owners
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The concept of the 'just price' suggests
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an hour of work should trade for an hour of work.
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A commodity is
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anything that is produced with the specific intent to be traded.
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Under feudalism, serfs had the incentive to find way to expand the level of production because
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they were able to keep all extra output beyond the obligation they owed to the lord.
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During the early period of putting out, both the serf and the merchant benefited. The system failed
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because the guilds and nobility saw it as a violation of feudal law and crushed it militarily.
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Under the putting out system, the serf is still an independent commodity producer, but under capitalism labor
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becomes a dependent commodity producer.
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An independent commodity producer is someone who
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owns their own tools, controls the process of production and owns the finished product.
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For most of human history
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cooperation has been more important than competition in allowing our survival.
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One major lesson from the history of economic systems is that throughout history, greed has been seen as part of human nature and was accepted as 'normal' behavior.
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FALSE
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The capitalist process of production is an example of
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dependent commodity production.
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Capitalism replaced feudalism in England because
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serfs were force into the new system by the enclosurs.
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Adam Smith argued that the division of labor was a positive innovation for everyone in society because
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it allows the economy to produce more output with the same resources.
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Proprietors and labor view the process of markets as C-M-C'. Capitalist see the process as M-C-C'-M'. These two view are
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different because the first is motivated by needs nad the second is motivated by the search for profit.
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Adam Smith argued that capitalist receive profit
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as a result of the work they put into running their company.
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karl Marx argued that capitalists receive profit
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because they pay their workers the cost of keeping them alive, but get to keep all of the value that workers create in the process of production.
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Accordding to Marx's theory of profit, wages were set at biological subsistence, so profit is determined by
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the length of the working day.
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Adam Smith argued that the government should not be involved in teh economy in any way, and should especially not provide any type of good or service.
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FALSE
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Which of the following is NOT one of the characteristics of Fee Simple property rights?
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The owner cannnot transfer the ownership unless the owner pays a fee.
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Opportunity cost ist he value of the
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next best alternative sacrificed when choices are made.
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An increase in teh quality of our labor resources that results from education would lead to an outward
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shift of the production possibilities frontier.
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From 1850 to about 1920, the change that was most important to driving US economic growth was
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increases in the quantity of capital.
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If 12.8 million children lived inhouseholds with incomes at or below the poverty level and the remaining 51.2 million children lived in households with incomes above the poverty level?
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20%
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Jake's wage last year was $14.40. After a raise his wage this year is %16.00. The growth rate (percentage increase) of his wage is
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11.1 percent
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In 2010, the share of national income going to profits was the highest it has been in the past 100 years.
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TRUE
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Approximately 75 percent of all of the real productive assets in the US are owned by approximately what percent of firms?
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0.04 percent
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Much of the equalization of family incomes that occurred between the Great Depression and 1979 has been reversed between 1979 and today.
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TRUE
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