In a U.S. town, a mining company owns all the stores and most of the houses. It sells goods to the workers at inflated prices, offers house rentals for twice what a mortgage would be, and makes sure to always pay the workers less than needed to cover food and rent. Once the workers are in debt, they have no choice but to continue working for the company, since their skills will not transfer to a new position. This situation most closely resembles ________.
- Correct. This phrase refers to an arrangement where workers are trapped in a cycle of poverty that is reinforced by the dominant company controlling one’s laboring, consuming, and residential conditions.
- Correct. An open system is based on achievement, and is to some degree meritocratic in that it allows for movement and interaction between different class statuses.
- Correct. A closed system is one where no socioeconomic mobility is possible, and meritocratic advancement is not an option.
- Correct. A meritocracy emphasizes advancement and reward through the demonstration of ability.
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