Which of the following economic sectors is primarily concerned with the manufacture and processing of materials into goods?

Group of answer choices

Quaternary

Primary

Secondary

Tertiary

Flag question: Question 12 Question 12 2 pts

In relation to labor, capital has been traditionally conceived as 'mobile' and possessing more power than workers as it is less 'tied to place' than people are (i.e. if the capitalist doesn't like the labor conditions/demands in one area, they can pack up and go somewhere else to find cheaper work). This ability of capital to move in search of cheapest labor can drive wages down, as there is always someone somewhere who is willing to do the same job for less. Which of the following terms describes this phenomenon?

Group of answer choices

Labor Power

Race to the bottom

Geographic advantage

Exploitative labor

Flag question: Question 13 Question 13 2 pts

Financial products are created by a process known as churning.

Group of answer choices

True

False

Flag question: Question 14 Question 14 2 pts

Which of these terms matches the following definition:

"the process by which something useful/valuable enters the market and becomes available for exchange at a price"

Group of answer choices

Capitalism

Commodification

Securitization

Financialization

Flag question: Question 15 Question 15 2 pts

Due to the rise of new technology, geography doesn't matter anymore - the global economic landscape has been 'flattened' completely, and no place is different than anywhere else.

Group of answer choices

True

False

Flag question: Question 16 Question 16 2 pts

Which of the following are ways that workers can leverage their labor power?

Group of answer choices

all of these

migrate

collectively organize

resist overproduction

Flag question: Question 17 Question 17 2 pts

Match the following definition to the correct term:

"financing for the acquisition of tangible assets and services i.e. the purchase of a home or car"

Group of answer choices

Consumer finance

Corporate finance

Securitization

Global finance

Flag question: Question 18 Question 18 2 pts

Which of the following economic sectors is primarily concerned with activities such as research, development, higher education, and government?

Group of answer choices

Secondary

Tertiary

Quaternary

Primary

Flag question: Question 19 Question 19 2 pts

The term securitization refers to the process by which...

Group of answer choices

Debts/loans are packaged & sold at prices determined by their risks and returns

Banks convert individual savings into working capital

Investments are calculated based on the market price of return

Risks and returns are used to estimate the potential value of financial products

Flag question: Question 20 Question 20 2 pts

Trade, investment and speculation in global finance all operates outside of the 'real' economy.

Group of answer choices

True

False

Flag question: Question 21 Question 21 2 pts

Which of the following terms matches this definition:

"a firm that controls and coordinates other firms' activity in more than one country"

Group of answer choices

Multinational conglomerate

Transnational Company

Transnational corporation

Public Company

Flag question: Question 22 Question 22