Home→ Sociology Mcqs → Work, Government and the Economy →The term informal economy is used to describe ?

The systematic widespread withdrawal of investment in basic aspects of productivity such as factories and plants are called ?
There are three basic sources of power within any political system ?
Which sociological perspective points out that while pure monopolies are not a basic element of the economy of the United States competition is much more restricted than one might expect in what is called a free enterprise system ?
The principle of laissez-faire was expounded and endorsed by the British economist ?
Two basic types of economic systems distinguish contemporary industrial societies ?
Which of these key early figures in sociology had an interest in issues of labor and the economy ?
Occupational gender segregation is used to explain ?
Which statement below most accurately describes the global unemployment rate ?
In the developed countries more people are employed in the service sector than manufacturing with a tiny percentage working in agriculture Globally which sector now employs the fewest people ?
What is the concept used by Karl Marx to explain workers loss of control over their labor power in capitalist societies ?
By the year 2020 it is projected that less than 2 percent of the entire global labor force will be engaged in ?
While predictions are not always reliable sociologists and labor specialists foresee a workforce increasingly composed of ?
Which of the following can be classified as a charismatic leader ?
Socialist theory was defined in the writings of Karl Marx and ?
Which one of the following is an economic system that is typically found in contemporary societies ?
Which one of these statements is NOT a definition of the knowledge economy ?
Which of these types of industrial conflict is the odd one out ?
There are some important gender inequalities in paid employment and the chapter identifies three of these Which one of the following is not one of the three ?
How do industrial sociologists characterize Fordism and Taylorism ?
Which of the following is not a term for work that takes place outside the formal paid employment sector ?

The term informal economy is used to describe ?

A. work where no money changes hands
B. the activities of small businesses
C. transactions outside the sphere of regular employment
D. organizations with less rigid rules and procedures

Correct Answer: transactions outside the sphere of regular employment ✔

Last Updated: September 23, 2019