CHAPTER 13
74. Thorstein Veblen was not critical of
a.
b. the predatory character of business.
c. monopolistic privilege.
d. industry.
e. all of the above.
75. Veblen believed that
a. business thwarts the development of industry.
b. the pursuit of profit leads to lower prices through competition.
c. businessmen are always seeking to prevent shortages in all markets.
d.
e. all of the above.
76.
a. the mode of capital accumulation.
b. the structure of the capitalist class.
c.
d. the economic role of the large corporation.
e. all of the above.
77. Thorstein Veblen wrote extensively
a. on the rise of regulator commissions at the turn of the century.
b. about the misconduct of the railroad magnates and their rise to economic power.
c. on the institutional and cultural transformations of the late nineteenth century.
d. about the problems encountered by neoclassical theory in
e. none of the above.
78.
a. human conflict, subjugation, and sexual, racial, and class exploitation.
b. the predatory instinct.
c. grubbing for profit.
d. advances which were made in productivity and mastery over nature.
e. the class-divided societies of the slave and feudal eras.
79. The conflict between the traits of workmanship and exploitation were manifested in
a. the differen
b.
c. the contentious relationship between the government and the class of absentee owners.
d. a and c.
e. all of the above.
80. According to Veblen the class divided societies of the slave and feudal eras owed their
existence to
a. the institution of private property and the predatory instinct.
b. the struggle between the common man and the absentee owner.
c. substantial increases in efficiency, technological knowledge and tools.
d. a brute, coercive force that was perpetuated by institutional and ideological legitimation.
e. none of the above.
81.
industry.
a. intimated that efficiency was triumphing in the capitalist economy.
b. defined a situation in which prices and profits were sacrificed for productivity.
c. contends that efficiency was given up for the sake of profits.
d. meant that workers in the different sectors were subject to a hierarchy of labor.
e. none of the above.
82. The institutionalized legitimate force which kept intact the prerogative of private property
was
a. the workers.
b. the capitalists.
c. business.
d. the absentee owners.
e. the government.
83. ialism in the late nineteenth and early twentieth centuries
a. implicated imperialism as one of the dominant features of industrial capitalism.
b. portrays imperialism as the boundless quest for profits.
c. showed that patriotism, as a nationalist sentiment, was an instrument to gain support for
government policies.
d. depicts imperialism as a conservative social force used to counteract the resurgence of
workmanship.
e. all of the above.
84.
a. stimulating effective demand during recessionary periods.
b. upward social mobility for those who aspired to reach the leisure class.
c. emotionally and ideologically controlling the majority of the population.
d. finding personal fulfillment and satisfaction.
e. all of the above.
85.
a. arose from their predatory instinct.
b. was due to their separation from the means of production.
c. would continue until a socialist society was constructed.
d. was predominately caused by the government.
e. none of the above.