Which of the following defines the term commodity
A commodity is a basic good used in commerce that is interchangeable with other goods of the same type.
Commodities are most often used as inputs in the production of other goods or services.
The quality of a given commodity may differ slightly, but it is essentially uniform across producers..
Which of the following is the best definition of social change
Which of the following is the best definition of social change? The change in society created through social movements as well as external factors like environmental shifts or technological innovations.
When the economy is at full employment the unemployment rate is zero
True full employment is an ideal—and probably unachievable—situation in which anyone who is willing and able to work can find a job, and unemployment is zero. It is a theoretical goal for economic policymakers to aim for rather than an actually observed state of the economy.
What is the real unemployment rate 2020
Compare the Real Unemployment RateYear (as of January)U-3 (Official)U-3/U-620184.4%50%20194.0%50%20203.5%51%20216.3%57%24 more rows
What is one reason federal unemployment statistics are unreliable
What is one reason unemployment statistics are unreliable? a. Those surveyed frequently lie about their employment status.
Why is measuring unemployment difficult
The unemployment rate isn’t an accurate measure of joblessness simply because it doesn’t consider everyone who doesn’t have a job. … Unlike the official unemployment rate, however, it takes underemployed and marginally attached workers (including discouraged workers) into consideration as well as unemployed people.
What does unemployment rate tell us about the economy
The unemployment rate provides insights into the economy’s spare capacity and unused resources. Unemployment tends to be cyclical and decreases when the economy expands as companies contract more workers to meet growing demand. Unemployment usually increases as economic activity slows.
What are the two different types of economies associated with globalization
The Five Economic Globalization Types The intrinsic logic reveals two main types: Type 1 – material (or physical) globalization for commodities and specialties; Type 2 – immaterial (or financial) globalization for standards and convenience. The difference between these types is substantial.
What are the elements of globalization
The characteristic elements that constitute economic globalization are cross-border flows of goods and services, capital, people, data and ideas.
What are the three most important components of globalization and why
Globalisation has three main aspects which are economic, political and socio-cultural (University of Leicester 2009). Economic aspect focuses on the integration of global economies as well as flow of trade and capital across nation borders. Socio-cultural aspect emphasises on the exchanging of social and culture.
When products are assembled over the course of several international transactions these are referred to as
global assembly lines a practice where products are assembled over the course of several international transactions global commodity chains internationally integrated economic links that connect workers and corporations for the purpose of manufacture and marketing xenophobia an illogical fear and even hatred of …
Which of the following best defines the term Patrimonialism quizlet
Which of the following best defines the term patrimonialism? A type of authority wherein military and administrative factions enforce the power of the master. Hitler was an example of what kind of authority?
Which of the following best describes the term globalization
Best described as intensification of worldwide social relations and increasing interdependence, globalization is the result of the compression of space and time through the development of new technologies.
What is concept of social change
Social change is way human interactions and relationships transform cultural and social institutions over time, having a profound impact of society. … Sociologists define social change as changes in human interactions and relationships that transform cultural and social institutions.
What was the significance of Nafta sociology
In 1994, the North American Free Trade Agreement (NAFTA) was established with the goals of eliminating tariffs and creating a system of free trade between the nations of Mexico, the United States, and Canada.
What is one reason unemployment statistics are unreliable quizlet
What is one reason unemployment statistics are unreliable? The statistics include only those who are currently looking for work. Alex’s country was once communist, but now allows limited private ownership of companies, and lets market forces determine production and pricing decisions.
What factors contribute to inequality within the educational system in the United States
Unequal educational outcomes are attributed to several variables, including family of origin, gender, and social class. Achievement, earnings, health status, and political participation also contribute to educational inequality within the United States and other countries.
Can a person be a commodity
Easy access to large, almost unlimited, numbers of people has turned us into commodities. For all but the superstars among us, it has, per the definition, rendered humans widely available and interchangeable.
What is the importance of commodities
Commodities Are Important for Growth and Development, and Pulses Can Play a Crucial Role. The commodities sector is very important for the economy of developing countries. More than 100 developing countries depend on primary commodities, and particularly agricultural commodities, for their export earnings.
What are the 3 causes of social change
Summary. There are numerous and varied causes of social change. Four common causes, as recognized by social scientists, are technology, social institutions, population, and the environment. All four of these areas can impact when and how society changes.
What are examples of social change
Examples of social changeThe Reformation.The abolition of the transatlantic slave trade.The Civil Rights movement.The feminist movement.The LGBTQ+ rights movement.The green movement.