The term socialist market economy refers to the
a. mixture of state control and capitalism that is being used to promote economic development in China.
b. collectivization of the rural market economy during the Maoist era.
c. development of a stock market in China since the 1980s.
d. fact that free-market forces prevail in the industrial sectors of the Chinese economy while the agricultural sector is still operated collectively.
e. gradual privatization of state-owned enterprises in China.
a
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Liberalism is a political ideology that favors
a. as little government involvement in the economy as possible. b. the use of government to promote the welfare of society. c. free market economic policies. d. a government that provides only national defense. e. less government control of commerce.
There are many different speculative scenarios that Herbert J. Gans explores while discussing future hierarchical transformations. If, for example, unemployment and the decline of real income worsened, what would be the resulting effect on immigrants?
A. Immigrants’ value as low-wage workers would increase their utility in a struggling economy, causing a rise in immigrant part-time employment. B. Immigrants would be the first to experience pay cuts and benefit cuts, but they would not lose their jobs in greater numbers than dominant group members. C. Immigrants would be seen as vital assets and hard workers, and would experience an increase in job opportunities relative to the dominant group. D. Immigrants would experience persistent poverty and downward mobility as dominant group members receive preference for scarce job openings.