Exam 13: Problems in Politics and the Global Economy

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According to the text, the three major economic systems present in modern societies are

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Most experts believe the United States will always have an active military-industrial complex because of its emphasis on militarism-a societal focus on military ideals and an aggressive preparedness for war.

(True/False)
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Politics is the social institution through which power is acquired and exercised by certain individuals or groups.

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No economy is purely capitalist or purely socialist.

(True/False)
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According to the text, the three major economic systems present in modern societies are capitalism, communism, and mixed economies.

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Which of the following statements regarding the military-industrial complex is true?

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Which of the following best defines secondary sector production?

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The four features of ideal capitalism are private ownership of production, pursuit of individual profit, limited government intervention, and competition.

(True/False)
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A person may sit on the board of directors of two corporations simultaneously, even if the corporations are in direct competition with each other.

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According to G. William Domhoff, the ruling class in the United States

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Most shareholders in transnational corporations have control over where plants are located, how much employees are paid, and how the environment is protected.

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Governments by definition have legal and political authority.

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Top-tier civil service bureaucrats who have a strong power base and play a major role in developing and implementing government policies and procedures are known as

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Which of the following statements regarding the federal bureaucracy is true?

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Tertiary sector production is

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Primary sector production is mainly found in which type of economy?

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Corporate welfare

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In which model of government do political leaders make decisions on behalf of the people?

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Which of the following best defines political economy?

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Which of the following statements regarding politics and the economy is true?

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