Deck 16: Politics and the Economy
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Question
Unlock Deck
Sign up to unlock the cards in this deck!
Unlock Deck
Unlock Deck
1/100
Play
Full screen (f)
Deck 16: Politics and the Economy
1
The prime minister is the head of state in which type of political system?
A)a direct democracy
B)a parliamentary democracy
C)a "European" system
D)a representative system
A)a direct democracy
B)a parliamentary democracy
C)a "European" system
D)a representative system
B
2
In which type of a voting system does the candidate with the most votes win the office?
A)a rational system
B)a direct system
C)proportional representation
D)plurality voting
A)a rational system
B)a direct system
C)proportional representation
D)plurality voting
D
3
A government run by a central ruling party with a self-appointed leader is called a(n)
A)centralized government.
B)central government.
C)authoritarian government.
D)legal authority.
A)centralized government.
B)central government.
C)authoritarian government.
D)legal authority.
C
4
The United Kingdom is an example of a(n)
A)autocratic system.
B)constitutional monarchy.
C)formal autocracy.
D)absolute monarchy.
A)autocratic system.
B)constitutional monarchy.
C)formal autocracy.
D)absolute monarchy.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
5
Two-party domination of the American political system can be attributed to
A)proportional representation.
B)the plurality voting system.
C)direct democracy.
D)limited political socialization.
A)proportional representation.
B)the plurality voting system.
C)direct democracy.
D)limited political socialization.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
6
The North Korean government is run by a central ruling party that severely restricts the civil liberties of its citizens.Which type of government does it represent?
A)an absolute state
B)an absolute monarchy
C)an authoritarian government
D)a centralized government
A)an absolute state
B)an absolute monarchy
C)an authoritarian government
D)a centralized government
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
7
Which statement about politics is false?
A)It is full of hypocrisy and deception.
B)It is ridden with conflict.
C)It is separate from and unrelated to social life.
D)It protects and serves people.
A)It is full of hypocrisy and deception.
B)It is ridden with conflict.
C)It is separate from and unrelated to social life.
D)It protects and serves people.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
8
Which type of voting system is used to elect members to the United States House and Senate?
A)plurality voting
B)direct voting
C)a proportional representation
D)a two-party system
A)plurality voting
B)direct voting
C)a proportional representation
D)a two-party system
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
9
Literally translated,"democracy" means
A)a system dependent upon parties.
B)rule by the people.
C)rule based upon internal opposition.
D)All of the answers are correct.
A)a system dependent upon parties.
B)rule by the people.
C)rule based upon internal opposition.
D)All of the answers are correct.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
10
A political system which relies on the citizen's active political participation in decision-making,such as in referendums,is called a(n)
A)direct democracy.
B)democratic engagement.
C)indirect democracy.
D)None of the answers is correct.
A)direct democracy.
B)democratic engagement.
C)indirect democracy.
D)None of the answers is correct.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
11
Which of the following best describes the American political process?
A)The reality is quite different from the way the process is typically described in schools.
B)For most of American history,the majority of citizens were denied the right to vote.
C)Some critics argue that American schools' failure to teach critical thinking skills are harmful to the political process.
D)All of the answers are correct.
A)The reality is quite different from the way the process is typically described in schools.
B)For most of American history,the majority of citizens were denied the right to vote.
C)Some critics argue that American schools' failure to teach critical thinking skills are harmful to the political process.
D)All of the answers are correct.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
12
According to Max Weber,what type of power do governments represent?
A)legitimate power
B)traditional power
C)supreme power
D)democratic power
A)legitimate power
B)traditional power
C)supreme power
D)democratic power
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
13
A voting system which focuses on the percentage of votes won by parties instead of individual candidates is what type of system?
A)proportional representation
B)direct representation
C)party system
D)plurality voting
A)proportional representation
B)direct representation
C)party system
D)plurality voting
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
14
Compared to other countries,which of the following best describes voter turnout in the United States?
A)It is among the lowest in the Western industrialized democracies.
B)It is on par with other Western industrialized democracies.
C)It is among the highest in the Western industrialized democracies.
D)None of the answers is correct.
A)It is among the lowest in the Western industrialized democracies.
B)It is on par with other Western industrialized democracies.
C)It is among the highest in the Western industrialized democracies.
D)None of the answers is correct.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
15
In which type of a political system do citizens elect delegates who carry out the policymaking processes of government?
A)a direct democracy
B)a proportional system
C)a representative democracy
D)a delegate system
A)a direct democracy
B)a proportional system
C)a representative democracy
D)a delegate system
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
16
Which of the following statements is false?
A)Citizens with minority opinions are more likely to find a "place" in a multiparty system than those in plurality voting systems.
B)Voter turnout is generally higher in multiparty systems than in plurality voting systems.
C)Fragmentation within government is less likely in multiparty systems than in plurality voting systems.
D)There is a higher probability that governments will be more unstable in multiparty systems than in plurality voting systems.
A)Citizens with minority opinions are more likely to find a "place" in a multiparty system than those in plurality voting systems.
B)Voter turnout is generally higher in multiparty systems than in plurality voting systems.
C)Fragmentation within government is less likely in multiparty systems than in plurality voting systems.
D)There is a higher probability that governments will be more unstable in multiparty systems than in plurality voting systems.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
17
In which type of a democracy do voters elect the head of state?
A)a proportional system
B)a presidential system
C)a parliamentary system
D)a representative system
A)a proportional system
B)a presidential system
C)a parliamentary system
D)a representative system
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
18
A realm in which decisions are made on behalf of a society about policies and priorities is called
A)the law.
B)politics.
C)corporate governance.
D)a social system.
A)the law.
B)politics.
C)corporate governance.
D)a social system.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
19
The kingdom of Saudi Arabia is an example of a
A)charismatic autocracy.
B)constitutional autocracy.
C)constitutional monarchy.
D)traditional monarchy.
A)charismatic autocracy.
B)constitutional autocracy.
C)constitutional monarchy.
D)traditional monarchy.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
20
Which of the following best describes the twenty-first century Tea Party in the United States?
A)It is a loosely organized collection of activists,most of whom support conservative Republican ideas.
B)It is the first viable third party of the new century.
C)It is a social movement which has yet to really define its core theoretical underpinnings.
D)It is a coalition of activists that transcends party lines to unite those who support a flat-tax system.
A)It is a loosely organized collection of activists,most of whom support conservative Republican ideas.
B)It is the first viable third party of the new century.
C)It is a social movement which has yet to really define its core theoretical underpinnings.
D)It is a coalition of activists that transcends party lines to unite those who support a flat-tax system.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
21
Which of the following has been a major issue pursued by corporate lobbyists?
A)deregulation
B)tax incentives for new businesses
C)labor unions
D)government spending
A)deregulation
B)tax incentives for new businesses
C)labor unions
D)government spending
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
22
Which theory argues that political power is fragmented among different competing groups?
A)power fragmentation theory
B)power elite theory
C)pluralist theory
D)class domination theory
A)power fragmentation theory
B)power elite theory
C)pluralist theory
D)class domination theory
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
23
In the United States,the "Bush-era" tax cuts benefited
A)individuals and families.
B)small businesses.
C)the wealthy.
D)the federal budget.
A)individuals and families.
B)small businesses.
C)the wealthy.
D)the federal budget.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
24
What theory of power suggests that political power is concentrated in the hands of the rich?
A)power elite theory
B)class domination theory
C)pluralist theory
D)elitist theory
A)power elite theory
B)class domination theory
C)pluralist theory
D)elitist theory
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
25
Those who are in charge of major bureaucratic institutions,such as business,government,or the military,wield disproportionate power in society.This is consistent with the definition of which theory of power?
A)elitist theory
B)institutional domination theory
C)bureaucratic domination theory
D)power elite theory
A)elitist theory
B)institutional domination theory
C)bureaucratic domination theory
D)power elite theory
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
26
Who developed the power elite theory?
A)Max Weber
B)C.Wright Mills
C)Karl Marx
D)McFarland and Thomas
A)Max Weber
B)C.Wright Mills
C)Karl Marx
D)McFarland and Thomas
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
27
The United States government is dominated by powerful military,foreign policy,and intelligence agencies.This is an example of a _____ state.
A)surveillance
B)militaristic
C)national security
D)defensive
A)surveillance
B)militaristic
C)national security
D)defensive
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
28
Which theory of power is most closely based on the work of Karl Marx,which views the economic system as the primary source of power?
A)class domination theory
B)class division theory
C)power elite theory
D)theory of exploitation
A)class domination theory
B)class division theory
C)power elite theory
D)theory of exploitation
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
29
The spiral of silence inflates our perception of political consensus by _____ alternative views.
A)publically denouncing
B)explicitly discouraging
C)refuting
D)excluding
A)publically denouncing
B)explicitly discouraging
C)refuting
D)excluding
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
30
What theory explains why,in order to avoid social isolation,people do not voice their opinions on controversial topics when they perceive their perspective as marginal?
A)the spiral of silence
B)the conspiracy of silence
C)social silencing
D)silent dissent
A)the spiral of silence
B)the conspiracy of silence
C)social silencing
D)silent dissent
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
31
According to C.Wright Mills,the greatest problem with the growing power and influence of the professional military is its leadership's ability to
A)potentially seize power.
B)influence foreign policy.
C)channel government funding.
D)promote a military definition of reality.
A)potentially seize power.
B)influence foreign policy.
C)channel government funding.
D)promote a military definition of reality.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
32
Which is the most influential lobbying sector?
A)the legal sector
B)labor unions
C)the corporate sector
D)the non-government sector
A)the legal sector
B)labor unions
C)the corporate sector
D)the non-government sector
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
33
The reason behind the Theodore Roosevelt-era military buildup was
A)expansion of American influence abroad.
B)emerging external threats.
C)excess industrial capacity.
D)geopolitical change.
A)expansion of American influence abroad.
B)emerging external threats.
C)excess industrial capacity.
D)geopolitical change.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
34
According to research,taking part in what high school activity contributes to increased political participation in adult years?
A)service organizations
B)sports
C)academic clubs
D)None of these have been shown to contribute to increased political participation.
A)service organizations
B)sports
C)academic clubs
D)None of these have been shown to contribute to increased political participation.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
35
Politics consists of a constant negotiation among diverse interest groups competing over political influence to bring about policy change in their favor.This is consistent with the definition of which theory of power?
A)interest group theory
B)power elite theory
C)power contest theory
D)pluralist theory
A)interest group theory
B)power elite theory
C)power contest theory
D)pluralist theory
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
36
In the United States,working-class people are much less likely to vote and participate in political life than middle-class people.Which is an important reason that explains the low levels of political participation by working-class citizens?
A)lack of financial resources
B)lack of education
C)absence of a labor or socialist party
D)class warfare
A)lack of financial resources
B)lack of education
C)absence of a labor or socialist party
D)class warfare
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
37
Wealthy individuals and corporations have the power to influence government policy as well as public opinion through their influence over the media,which is why they enjoy disproportionate power in society.This is consistent with the definition of which theory of power?
A)pluralist theory
B)class domination theory
C)corporate dominance theory
D)economic domination theory
A)pluralist theory
B)class domination theory
C)corporate dominance theory
D)economic domination theory
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
38
Which theory suggests that power is concentrated in the hands of a small dominant group?
A)power elite theory
B)pluralist theory
C)elitist theory
D)domination theory
A)power elite theory
B)pluralist theory
C)elitist theory
D)domination theory
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
39
How do the media contribute to the spiral of silence?
A)by portraying minority views as negative
B)by ignoring minority views
C)by portraying minority views as flawed
D)by ridiculing and discrediting minority views
A)by portraying minority views as negative
B)by ignoring minority views
C)by portraying minority views as flawed
D)by ridiculing and discrediting minority views
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
40
Which of the following best describes the two major American political parties and their class alignment?
A)Both parties are closely aligned with major corporate interests.
B)The Democratic Party is the party of the "working people" in America and looks out for the interests of people who identify themselves as such.
C)The Republican Party is the party of the wealthy and,unlike the Democrats,relies exclusively on corporate interests.
D)All of the answers are correct.
A)Both parties are closely aligned with major corporate interests.
B)The Democratic Party is the party of the "working people" in America and looks out for the interests of people who identify themselves as such.
C)The Republican Party is the party of the wealthy and,unlike the Democrats,relies exclusively on corporate interests.
D)All of the answers are correct.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
41
Selling marijuana is illegal,even though an apparent demand exists,and the potential for revenue if sales were legalized is not insignificant.This is an example of the fact that economies
A)must be legal.
B)do not depend on demand.
C)are sometimes irrational.
D)reflect cultural values.
A)must be legal.
B)do not depend on demand.
C)are sometimes irrational.
D)reflect cultural values.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
42
Which sector received the greatest amount from the United States government's discretionary spending budget?
A)energy and science
B)international affairs
C)the military
D)education
A)energy and science
B)international affairs
C)the military
D)education
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
43
What proportion of the total United States government's discretionary spending goes to the military?
A)23%
B)30%
C)38%
D)58%
A)23%
B)30%
C)38%
D)58%
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
44
Capitalism as an economic system has proven most successful in
A)creating a truly competitive market.
B)increasing living standards for everyone.
C)contributing to democracy.
D)increasing productivity and innovation.
A)creating a truly competitive market.
B)increasing living standards for everyone.
C)contributing to democracy.
D)increasing productivity and innovation.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
45
Military spending in the United States represents approximately what percentage of the world's military budget?
A)12%
B)19%
C)25%
D)43%
A)12%
B)19%
C)25%
D)43%
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
46
What did Max Weber mean by the term social economics?
A)the calculating nature of social interaction
B)the interconnection between economy and social life
C)the science of economics as a social science
D)system of exchange in small-scale societies
A)the calculating nature of social interaction
B)the interconnection between economy and social life
C)the science of economics as a social science
D)system of exchange in small-scale societies
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
47
Economic life is social because a functioning economic system is predicated on the existence of _____ to support economic relationships.
A)social exchange
B)a market system
C)a cohesive and well-functioning society
D)a currency
A)social exchange
B)a market system
C)a cohesive and well-functioning society
D)a currency
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
48
Based on the insights of Emile Durkheim,economic arrangements depend on _____ that results from social relationships.When this disappears,economies collapse.
A)mutual obligation
B)trust
C)the law
D)rationality
A)mutual obligation
B)trust
C)the law
D)rationality
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
49
The government defines terrorism as political acts of violence perpetrated by
A)hostile individuals.
B)nations,groups,or individuals.
C)subnational groups.
D)hostile states.
A)hostile individuals.
B)nations,groups,or individuals.
C)subnational groups.
D)hostile states.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
50
In order to adopt the military culture,soldiers must undergo
A)physical training.
B)socialization.
C)a change in attitude.
D)humiliation.
A)physical training.
B)socialization.
C)a change in attitude.
D)humiliation.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
51
The United States is the only nation in the Western world whose health care system is organized on the principles of a business model rather than a public service.This is a testament to the fact that economies
A)are not always opportunistic.
B)reflect cultural values.
C)are sometimes irrational.
D)are independent systems.
A)are not always opportunistic.
B)reflect cultural values.
C)are sometimes irrational.
D)are independent systems.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
52
Free-market,or laissez-faire,capitalism promotes
A)government regulation.
B)an unregulated market.
C)consumer protection.
D)no-cost business environments.
A)government regulation.
B)an unregulated market.
C)consumer protection.
D)no-cost business environments.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
53
A truly free-market form of capitalism produces
A)healthy competition and a reduction in consumer prices.
B)flourishing democracy and freedom.
C)an enormous concentration of wealth and power.
D)an equitable distribution of wealth.
A)healthy competition and a reduction in consumer prices.
B)flourishing democracy and freedom.
C)an enormous concentration of wealth and power.
D)an equitable distribution of wealth.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
54
Which strategy from the civilian sector has the military embraced in recent years?
A)financing
B)layoffs
C)outsourcing
D)deregulating
A)financing
B)layoffs
C)outsourcing
D)deregulating
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
55
Government assistance is _____ to the success of a business.
A)unnecessary
B)essential
C)a hindrance
D)encouragement
A)unnecessary
B)essential
C)a hindrance
D)encouragement
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
56
The American military has been able to overcome racist and sexist attitudes by
A)restructuring.
B)punishing discrimination.
C)enforcing new attitudes.
D)discouraging hostility.
A)restructuring.
B)punishing discrimination.
C)enforcing new attitudes.
D)discouraging hostility.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
57
In the all-volunteer military,
A)all classes are proportionately represented.
B)the working class and the poor are overrepresented.
C)the middle and the working classes are most represented.
D)the middle class is overrepresented.
A)all classes are proportionately represented.
B)the working class and the poor are overrepresented.
C)the middle and the working classes are most represented.
D)the middle class is overrepresented.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
58
Efforts to promote security through military spending have ironically produced a deeply set sense of fear.In a world defined as dangerous,this "politics of fear"
A)silences the voice of dissent.
B)breeds animosity and hatred.
C)fragments communities.
D)increases incarceration rates.
A)silences the voice of dissent.
B)breeds animosity and hatred.
C)fragments communities.
D)increases incarceration rates.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
59
The contemporary economy depends on
A)government intervention.
B)independence from government.
C)a laissez-faire system.
D)deregulation.
A)government intervention.
B)independence from government.
C)a laissez-faire system.
D)deregulation.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
60
In the United States,most citizens accept war and many support military action because _____ is pervasive American culture.
A)the media
B)pressure to conform
C)war socialization
D)fear
A)the media
B)pressure to conform
C)war socialization
D)fear
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
61
The New Deal policies introduced in 1933 were an effort to
A)stabilize and revive the system of capitalism.
B)socialize major industries and banks.
C)realize a government takeover of the financial sector.
D)implement socialism.
A)stabilize and revive the system of capitalism.
B)socialize major industries and banks.
C)realize a government takeover of the financial sector.
D)implement socialism.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
62
_____ typically results from an unregulated economic environment.
A)Reduction of social problems
B)A robust and stable economy
C)Crime and violence
D)Abuse of concentrated economic power
A)Reduction of social problems
B)A robust and stable economy
C)Crime and violence
D)Abuse of concentrated economic power
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
63
Some countries have a combination of a democratic political system and a socialist economy,which has produced
A)poor economic outcomes.
B)limited civil liberties.
C)a very high standard of living.
D)slow growth and unemployment.
A)poor economic outcomes.
B)limited civil liberties.
C)a very high standard of living.
D)slow growth and unemployment.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
64
In which system does a small group of people possess the power to influence government decision-making the most?
A)socialist system
B)free-market capitalist system
C)democratic socialist system
D)mixed economic system
A)socialist system
B)free-market capitalist system
C)democratic socialist system
D)mixed economic system
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
65
The 1929 stock market crash and the subsequent Great Depression of the 1930s was caused by a variety of reasons,but they are perhaps best described as
A)excessive government involvement.
B)greed.
C)a herd mentality.
D)an inherent instability in the capitalist system.
A)excessive government involvement.
B)greed.
C)a herd mentality.
D)an inherent instability in the capitalist system.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
66
One of the outcomes of a truly free-market capitalist system is
A)a fully competitive market.
B)monopolization.
C)regulated business environment.
D)reduction in inequality.
A)a fully competitive market.
B)monopolization.
C)regulated business environment.
D)reduction in inequality.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
67
Which was NOT a factor that contributed to the financial crisis of 2008?
A)corporate fraud
B)deregulation
C)complicated financial instruments
D)greedy homebuyers
A)corporate fraud
B)deregulation
C)complicated financial instruments
D)greedy homebuyers
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
68
Characteristics of democratic socialism include public ownership of some key industries and astute management of important natural resources.The revenue from this sector is typically used to
A)build up the military sector.
B)finance a wide range of social welfare programs.
C)fund surveillance programs.
D)maintain the power position of the leading party.
A)build up the military sector.
B)finance a wide range of social welfare programs.
C)fund surveillance programs.
D)maintain the power position of the leading party.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
69
As part of the New Deal program,the government intervened to address extreme unemployment by implementing
A)legislation that outlawed labor strikes.
B)a welfare-to-work program.
C)a public works program.
D)All of the answers are correct.
A)legislation that outlawed labor strikes.
B)a welfare-to-work program.
C)a public works program.
D)All of the answers are correct.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
70
A capitalist economic system _____ government intervention and involvement.
A)must be free from
B)works only with very limited
C)is unsustainable in the long run without
D)is in principle contradictory to
A)must be free from
B)works only with very limited
C)is unsustainable in the long run without
D)is in principle contradictory to
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
71
Mixed economies are characteristic of a combination of free-market capitalism and
A)pro-business policies.
B)freedom-restricting policies.
C)socialist policies.
D)a focus on deregulation.
A)pro-business policies.
B)freedom-restricting policies.
C)socialist policies.
D)a focus on deregulation.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
72
Which country currently practices authoritarian capitalism?
A)China
B)North Korea
C)Norway
D)All of the answers are correct.
A)China
B)North Korea
C)Norway
D)All of the answers are correct.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
73
The reforms of the New Deal dominated the economic system in the United States until
A)globalization began to change the economic structure.
B)the 1960s changed society.
C)the Carter administration's economic vision.
D)the deregulation of the 1990s.
A)globalization began to change the economic structure.
B)the 1960s changed society.
C)the Carter administration's economic vision.
D)the deregulation of the 1990s.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
74
Countries with _____,such as Canada,were able to weather the financial storm of 2008 almost unaffected.
A)more capital reserves
B)more stable governments
C)strong banking regulation
D)a marginal economic system
A)more capital reserves
B)more stable governments
C)strong banking regulation
D)a marginal economic system
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
75
In the nineteenth century United States,major government intervention and change was brought about by
A)the threat of a financial meltdown.
B)external forces.
C)social movements.
D)market mechanisms.
A)the threat of a financial meltdown.
B)external forces.
C)social movements.
D)market mechanisms.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
76
In the global economy,
A)corporations enjoy considerable leverage over governments.
B)governments enjoy considerable leverage over corporations.
C)governments enjoy considerable leverage over citizens' interests.
D)consumers enjoy considerable leverage over corporations.
A)corporations enjoy considerable leverage over governments.
B)governments enjoy considerable leverage over corporations.
C)governments enjoy considerable leverage over citizens' interests.
D)consumers enjoy considerable leverage over corporations.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
77
The laissez-faire form of capitalism _____ democracy.
A)undermines
B)strengthens
C)contributes to freedom and
D)is opposed to the principles of
A)undermines
B)strengthens
C)contributes to freedom and
D)is opposed to the principles of
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
78
_____ was an important factor in both the savings and loan crisis in the 1980s and the financial crisis of 2008.
A)Excessive governmental involvement
B)Excessive regulation
C)Deregulation
D)None of the answers is correct.
A)Excessive governmental involvement
B)Excessive regulation
C)Deregulation
D)None of the answers is correct.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
79
The global economy produced a new economic climate which encouraged policies to focus on
A)job creation.
B)regulation of business and finance.
C)deregulation.
D)increased taxation.
A)job creation.
B)regulation of business and finance.
C)deregulation.
D)increased taxation.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck
80
An authoritarian capitalist system is characterized by restricted civil rights and freedoms in combination with
A)state-owned companies.
B)market-based economies.
C)centralized economies.
D)mixed economic systems.
A)state-owned companies.
B)market-based economies.
C)centralized economies.
D)mixed economic systems.
Unlock Deck
Unlock for access to all 100 flashcards in this deck.
Unlock Deck
k this deck