Deck 16: Economy and Politics

Question 1

It is the middle of winter in Chicago and the Huxtable family wants to have a barbecue in the freezing cold. They search all over town and have a difficult time locating an outdoor grill. The small number of grills available for sale during the off-season represents the:

A) Supply
B) Demand
C) Tariff
D) Embargo

Answer 1

A

Question 2

Harley wants to start a company. He dreams of starting his business in a market that is free from government control. Harley wants to open his business in an):

A) Socialist System
B) Free Market
C) Monarchy
D) Authoritarian System

Answer 2

B

Question 3

Natalie is researching those organizations of society that are created to meet some social need and provide a framework by which an individual can negotiate with larger society. Natalie's research focuses on:

A) Capitalism
B) Social Institutions
C) Economic Systems
D) Political Systems

Answer 3

B

Question 4

Professor Simmons will be lecturing to his students on how capitalism and socialism converge. He will discuss how the capitalist U.S. government imposed anti-trust laws limiting corporations, while communist China has allowed individuals to own businesses. Professor Simmons will be discussing:

A) Democratic Socialism
B) Convergence Theory
C) Monopolies
D) Price Elasticity

Question 5

Wal-Mart is a corporation that operates in at least two countries. Wal-Mart has the interests of the company, not their country, at heart. This means that Wal-Mart is a:

A) Transnational Corporation
B) Multinational Corporation
C) Both A & B
D) None of the Above

Question 6

Yoshimi is taking a class on the creation of new organizations in response to economic and social opportunities. The class deals with:

A) Capitalism
B) Entrepreneurship
C) Socialism
D) Democratic Socialism

Question 7

The former Soviet Union had an economic system by which resources and the means of production were owned collectively by the citizens. Collective ownership of property and irrelevance of profit were key components. As such, the former Soviet Union had a system of:

A) Socialism
B) Capitalism
C) Monarchy
D) Oligarchy

Question 8

As the price of sugar increases, the demand for sugar remains the same. When the demand for sugar does not change when the price goes up, it is called:

A) Convergence Theory
B) Price Elasticity of Demand
C) Alienation
D) Pluralism

Question 9

Most European nations elect their leaders while allowing individuals to own property and businesses. They also tax the wealthy at high rates in order to pay for generous social welfare systems. This economic system is known as

A) Capitalist
B) Socialist
C) Democratic Socialist
D) A Monarchy

Question 10

Amtrak has exclusive control over passenger travel by train in the U.S. As such, Amtrak operates:

A) Socialism
B) Capitalism
C) A Monopoly
D) An Oligarchy

Question 11

The morning news show will provide an in-depth view of the social institution that helps a society organize what it produces, distributes, and consumes. The new show will feature a discussion of the:

A) Economic System
B) Monarchy
C) Free Market
D) Political System

Question 12

As more citizens in Sweden switch to riding bicycles to work, the desire to purchase automobiles and oil declines. This desire for a good or service is called:

A) Supply
B) Tariff
C) Demand
D) Embargo

Question 13

n a 2008 interview, vice-presidential candidate Sarah Palin was asked about NAFTA. Some journalists accused Palin of not knowing which countries were involved in the agreement. If you were Palin, you would tell the journalists that the countries involved in NAFTA are:

A) Canada, Mexico, and the United States
B) South Africa, the United States and Brazil
C) China, Japan and the United States
D) Canada, the United States and Venezuela

Question 14

Canada has an economic system in which individuals can own the means of production as well as the services that others may need. As such, Canada's system involves:

A) Capitalism
B) Socialism
C) Monarchy
D) Democracy

Question 15

Obeson is comparing tax rates in the United States with the tax rates in European countries that practice democratic socialism. Obeson finds that compared to the U.S., tax rates are:

A) Higher in Countries with Democratic Socialization
B) Lower in Countries with Democratic Socialization
C) Equal in Countries with Democratic Socialization
D) None of the Above

Question 16

Marlon does not have a job, has been consistently seeking a new job for 4 weeks, and is waiting for work. As such, Marlon is:

A) An Entrepreneur
B) Unemployed
C) Experiencing Alienation
D) None of the Above

Question 17

Rosa is giving an in-class presentation on the democratic socialism movement. She will inform her classmates that the movement is strongest in:

A) South America
B) North America
C) Asia
D) Europe

Question 18

Statistics show that in the U.S., about % of small businesses fail in the firsive years.

A) 10
B) 15
C) 25
D) 50

Question 19

J.C. Penney is viewed as a "legal person" that can buy property, incur debts and become involved in legal contracts. As such, J.C. Penney is an):

A) Tariff
B) Corporation
C) Embargo
D) Entrepreneur

Question 20

Because capitalism rewards self interest, can be expected.

A) equality
B) inequality
C) socialism
D) none of the above

Question 21

Tawanda will be giving an oral presentation on alienation and voting. She will report that people who feel alienated are:

A) More Likely to Vote than Those Who Do Not
B) Less Likely to Vote than Those Who Do Not
C) Equally Likely to Vote as Those Who Do Not
D) None of the Above

Question 22

Steve Jobs founded Apple Computer Inc. and altered the direction of the computer industry. His ability to achieve his own ends, despite resistance from others, is an example of:

A) Entrepreneurship
B) Tariffs
C) Embargos
D) Power

Question 23

Rafael is an American citizen who belongs to the more conservative political party that seeks to restrict expansion of federal power and decreasing controls on business. Rafael is a member of the:

A) Democratic Party
B) Socialist Party
C) Capitalist Party
D) Republican Party

Question 24

As commander-in-chief of the army of the Central African Republic, Jean Bédel Bokassa led a coup and declared himself Presidenor life. As an individual with absolute power, Bokassa was an):

A) Entrepreneur
B) Dictator
C) Military-Industrial Complex
D) Socialist

Question 25

Maria says that she did not vote in the presidential election because she believes that politics is useless and that her vote is meaningless. Maria is experiencing:

A) Entrepreneurship
B) Oligarchy
C) Alienation
D) Monarchy

Question 26

The Tea Party Movement is made up of mostly:

A) Conservative, Upper Income Republicans
B) Conservative, Upper Income Democrats
C) Liberal, Upper Income Republicans
D) Liberal, Upper Income Democrats

Question 27

Juan is writing an essay on the social institutions that are based on an established set of practices for applying and realizing a society's goal. His essay is on:

A) Corporations
B) Political Systems
C) Economic Systems
D) Capitalism

Question 28

On Wednesday, November 13^th in 2001, Dong Uk Yi voiced disagreement with government policies in his native country. Since then, his family or friends have never seen Dong again. This disappearance of citizens who oppose government policies is most likely to happen under an):

A) monarchy
B) totalitarian regime
C) democracy
D) oligarchy

Question 29

In the U.S., power is held by the people and exercised through participation and representation. This is an example of:

A) Oligarcy
B) Monarchy
C) Democracy
D) Socialism

Question 30

Louis XIV became king of France after his father, Louis XIII, died. The French political system, in which leadership was based on heritage, is an example of an):

A) Monarchy
B) Oligarchy
C) Democracy
D) Authoritarian Regime

Question 31

China has a history of governmental rule which seeks to control every aspect of its people's lives. This form of government is known as a n):

A) Oligarchy
B) Democracy
C) Authoritarian Regime
D) Monarchy

Question 32

President Barack Obama has extraordinary personal attributes that inspired many people to support his movemenor change. Because he has powerful public speaking skills and a charming, believable personality, his authority is:

A) Pluralist
B) Charismatic
C) Rational-Legal
D) Traditional

Question 33

Fidel Castro came to power in Cuba as a result of the Cuban revolution that overthrew Fulgencio Batista from leadership. The revolutionary forces that took power from Batista, and used repression to keep it, serve as an example of an):

A) Democracy
B) Monarchy
C) Oligarchy
D) Authoritarian Regime

Question 34

Recently, Britain's prime minister proposed that a long-standing trade restriction be imposed on Zimbabwe. As the British prime minister would like to halt all shipments of arms into Zimbabwe, he is suggesting an):

A) Tariff
B) NAFTA
C) Embargo
D) Corporation

Question 35

The South Korean government is levying a 40% tax on all American cigarettes. This tax is an example of an):

A) Embargo
B) Tariff
C) Monarchy
D) Oligarchy

Question 36

Former President George W. Bush sent troops to Afghanistan. The public accepted this move because as commander in chief, the president is in a position to do what is most beneficial for the country. As such, his authority was:

A) Pluralist
B) Charismatic
C) Rational-Legal
D) Traditional

Question 37

The Swan Point Yacht and Country club provides membership to high-ranking political officials, corporate leaders, and military leaders. As such, the country club offers membership to the:

A) Entrepreneurs
B) Capitalists
C) Power Elite
D) Military-Industrial Complex

Question 38

With the January 2010 Supreme Court Decision on political funding:

A) Corporations are limited in their donations to political campaigns
B) Corporations are unlimited in their donations to political campaigns
C) Corporations are prohibited from donating to political campaigns
D) None of the above

Question 39

King Tut inherited the throne in Egyprom his father and cultural norms dictated that a king's son succeed him. The power that King Tut inherited as king was legitimated by respecor this pattern of government. As such, his authority was:

A) Pluralist
B) Charismatic
C) Rational-Legal
D) Traditional

Question 40

Jorge is an American citizen who belongs to the more liberal political party that promotes a greater involvement of government in regulating business and expanding social programs. Jorge is probably a member of the:

A) Democratic Party
B) Socialist Party
C) Capitalist Party
D) Republican Party

Question 41

The amount of a good or service available is called .

Question 42

Eddie believes that people use their personality, charisma, and oratory skills to gain power. His views are in line with:

A) Convergence Theory
B) Conflict Theory
C) Functionalism
D) Symbolic Interactionism

Question 43

As a result of NAFTA, trade in North America has decreased.

Question 44

By 2014, Hispanic participation in the work force is expected to decrease.

Question 45

In the U.S., voters must be felony-free, mentally competent,
and 18-years-old.

Question 46

An) is the social institution that helps a society organize what it produces, distributes, and consumes.

Question 47

Asians are more likely than whites to vote in the U.S.

Question 48

American citizens trust politicians more than Swedish citizens.

Question 49

The U.S. spends more money on its military than any other country.

Question 50

About half of all businesses in the U.S. fail within the first 5 years.

Question 51

The desire for a good or service is called .

Question 52

Laticia believes that in the U.S., power is spread out amongst the masses and that no one group dominates another. Laticia's views are in line with:

A) Convergence Theory
B) Conflict Theory
C) Functionalism
D) Symbolic Interactionism

Question 53

When Jeremy was asked which political system he would prefer to live under, he said that he would like to live in a system that spreads power amongst the masses. Jeremy prefers:

A) Monarchy
B) Oligarchy
C) Pluralism
D) Dictatorship

Question 54

The 2008 movie 'Ironman' introduced viewers to the combination of armed forces and defense industries that provide weapons and other materials to the country. The movie depicted:

A) Entrepreneurs
B) The Military-Industrial Complex
C) An Authoritarian Regime
D) Alienation

Question 55

The U.S. has a two-party political system.

Question 56

Ajay believes that in the U.S., power is concentrated among a small group of elites who are involved in a constant struggle to keep their power from the non-elites. Ajay's beliefs are in line with:

A) Convergence Theory
B) Conflict Theory
C) Functionalism
D) Symbolic Interactionism

Question 57

are markets that are free from government control.

Question 58

The review process to receive veterans' benefits is at least 5 months.

Question 59

is an economic system in which individuals can own the means of production as well as the services that others may need.

Question 60

In the year 2000, there were more than 5 million millionaires in the
U.S.

Question 61

A regime involving an individual or small group taking power and using repression and other techniques to maintain it is called .

Question 62

The tendency for capitalism and socialism to converge is called theory.

Question 63

is the economic system that advocates running government
democratically and for the good of the most people.

Question 64

An) is a long-standing trade restriction.

Question 65

The change in a good's demand as its price changes is called the .

Question 66

A is a corporation that operates in at least two countries and has the interests of their company at heart rather than the interests of their home country.

Question 67

A is a business viewed as a "legal person" that has some objective, usually to make a profior its owners.

Question 68

The is a combination of the armed forces and defense industries that provide weapons and other materials to the country.

Question 69

is a type of authoritarian government whereby the government controls everything in people's lives and generally those who disagree are punished.

Question 70

is a policy that was established in 1994 to allow free trade between the United States, Mexico, and Canada.

Question 71

Social institutions that are based in an established set of practices for applying and realizing a society's goal are called .

Question 72

is a government whereby power is held by the people and is exercised through participation and representation.

Question 73

refers to a person's sense of powerlessness, meaninglessness, and general cynicism toward the political process.

Question 74

A is the exclusive possession or control of the supply or trade in a service.

Question 75

A is a single leader with absolute power.

Question 76

is a model whereby power is spread amongst the masses.

Question 77

An is a small group of very influential people who control the government.

Question 78

are taxes levied on trade items.

Question 79

is a political system whereby leadership is based on the idea that leaders are selected by divine rights or heritage.

Question 80

is the economic system by which resources and the means of production are owned collectively by the citizens.