Deck 11: Politics and the Economy

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Question
In a(n)_____,an individual has seized power.

A)direct democracy
B)dictatorship
C)oligarchy
D)representative democracy
Use Space or
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to flip the card.
Question
Rational-legal authority is based upon

A)oral tradition.
B)coercion.
C)written rules.
D)custom.
Question
In a(n)_____ democracy,the eligible voters meet together to discuss issues and make their decisions.

A)indirect
B)representative
C)direct
D)totalitarian
Question
In a monarchy,the power to rule is passed on to the

A)ruler's friends.
B)ruler's children.
C)people.
D)charismatic leader.
Question
Joan of Arc is an example of a leader who had_____ authority.

A)charismatic
B)rational-legal
C)traditional
D)no
Question
Because there is no rule for succession when a charismatic authority figure dies,the leader will sometimes name a successor or build an organization that can govern after the charismatic figure is gone.Weber called this transition of authority the

A)traditional authority.
B)routinization of charisma.
C)revolution.
D)best of all possible worlds.
Question
In the United States,third parties

A)have consistently been successful.
B)must support the same centrist themes as Democrats and Republicans to play a role.
C)are illegal.
D)have to set themselves apart from the two main parties to play a role.
Question
Power that people consider rightly exercised over them is known as

A)coercion.
B)authority.
C)imposed control.
D)illegitimate power.
Question
Representative democracy uses _____ of the voters to discuss the issues and make decisions.

A)the rulers
B)representatives
C)children
D)friends
Question
The _____ is a political entity that claims a monopoly on the use of violence in a country.

A)charismatic authority
B)state
C)army
D)court
Question
The term democracy literally means

A)all hail the king.
B)may the best man win.
C)common denominator.
D)power to the people.
Question
Republicans and Democrats represent

A)radically different political parties.
B)the exact same viewpoint.
C)slightly different slices of the center.
D)extreme viewpoints.
Question
In the early United States,_____ voted.

A)everyone
B)all men
C)all white men
D)all white men who owned property
Question
A feature of early societies was _____,the power of which radiated outward to adjacent areas that came under its rule.

A)representative democracy
B)revolutionary authority
C)universal citizenship
D)the city-state
Question
The amount of control wielded over a people by totalitarianism is

A)almost total.
B)moderate.
C)very slight.
D)nonexistent.
Question
Traditional authority-which is authority based on custom-is the hallmark of

A)preindustrial societies.
B)industrialized societies.
C)all states.
D)postindustrial societies.
Question
_____,something new with the United States,is the concept that birth (and residence or naturalization)in a country imparts basic rights.

A)Revolution
B)Citizenship
C)Dictatorship
D)Totalitarianism
Question
People reject the government's monopoly on violence,and claim the right for themselves,in a(n)

A)state.
B)exercise of traditional authority.
C)election.
D)revolution.
Question
A small group of individuals holds power in a(n)

A)oligarchy.
B)representative democracy.
C)dictatorship.
D)direct democracy.
Question
_____ is a form of power that people do not accept as rightly exercised over them.

A)Legitimate power
B)Large-scale power
C)Authority
D)Coercion
Question
The intention of _____ is to prevent any single branch of the U.S.government from dominating the government.

A)the conflict perspective
B)pluralism
C)checks and balances
D)anarchy
Question
The functionalist perspective on who should rule in society favors

A)individualism.
B)anarchy.
C)pluralism.
D)royalty.
Question
A _____ is a government in which a country's largest party does not have enough votes to rule,and so aligns itself with one or more smaller parties to rule.

A)coalition government
B)third party
C)PAC
D)democracy
Question
Complete this well-known quotation from Carl von Clausewitz (1918): "War is

A)hell."
B)a thing abhorred since the beginning of time."
C)merely a continuation of politics by other means."
D)what happens when all religious approaches have failed."
Question
Conflict theorists take the position that _____ dominate(s)the United States.

A)lobbyists
B)functionalists
C)anarchy
D)a ruling class
Question
What is the difference between centrist and noncentrist parties?

A)Centrists are generally Democrats and noncentrists are frequently Republicans.
B)Both represent the same slice of the electorate,so there is really no difference.
C)In terms of political opinion,centrists represent the center and noncentrists represent ideas that are not at the center.
D)Noncentrist parties have a better chance of winning in the United States than centrist parties.
Question
A _____ is a person who influences legislation on behalf of his or her clients.

A)special-interest group
B)PAC
C)third-party supporter
D)lobbyist
Question
In the largest wave of immigration to the United States,immigrants accounted for _____ of the population.Today,in the second largest wave,immigrants account for _____ of the population.

A)1%; 6%
B)9%; 12%
C)15%; 12%
D)31%; 44%
Question
War is _____ among societies.

A)universal
B)a modern invention
C)not universal
D)relatively uncommon
Question
According to Timasheff (1965),one of the three necessary conditions for a war to take place is

A)aggressive impulses.
B)a weaker nation's desire to dominate a stronger one.
C)an antagonistic situation.
D)a slight to the nation's honor.
Question
Proportional representation

A)is a feature of preindustrial societies.
B)places lobbyists in the legislature.
C)gives 100% of the seats in a legislature to the party winning a majority of the popular vote.
D)divides seats in a legislature according to the proportion of votes received by each political party.
Question
AARP,the American Cancer Society,and the League of Women Voters are examples of

A)lobbyists.
B)PACs.
C)special-interest groups.
D)third parties.
Question
In _____,the diffusion of power among many different interest groups prevents any one group from gaining control of the government.

A)the conflict perspective
B)the power pyramid of C.Wright Mills
C)pluralism
D)anarchy
Question
In the last seven presidential elections in the United States,which age group voted the most,six out of the seven times?

A)18-20
B)25-34
C)35-44
D)65 and older
Question
Timasheff (1965)identified seven "fuels" that make war likely,including

A)shared religious beliefs with the enemy.
B)a cultural tradition of war.
C)revenge.
D)an antagonistic situation.
Question
_____ is (are)a condition of lawlessness or political disorder caused by the absence or collapse of governmental authority.

A)Pluralism
B)Anarchy
C)Checks and balances
D)Functionalism
Question
_____ is armed conflict between nations or politically distinct groups.

A)Terrorism
B)War
C)Unrest
D)Civil disobedience
Question
In the last seven U.S.presidential elections,a majority of _____ have consistently voted for the Democratic candidate.

A)men
B)women
C)neither men nor women
D)both men and women
Question
In its 2010 ruling on Citizens United v.Federal Election Commission,the U.S.Supreme Court

A)opened the floodgate to corporate contributions of money to political candidates.
B)outlawed political contributions.
C)recognized that corporations are not people.
D)ruled that the First Amendment limits the amount of money that corporations can contribute to politicians.
Question
A product of war is _____,which leads us to reduce people to objects that do not deserve the treatment accorded to human beings.

A)terrorism
B)drones
C)dehumanization
D)arms sales
Question
The marriage of biology and economics in the _____ society is likely to yield greater surpluses than before and more extensive trade.

A)industrial
B)biotech
C)hunter-gatherer
D)new agricultural
Question
Hunting and gathering societies had a(n)_____ economy,living off the land and with little or no surplus.

A)subsistence
B)modern
C)pastoral
D)industrial
Question
The top members of the capitalist class share _____ allowing them to make the major decisions that affect the world.

A)similar educations
B)worldwide interconnections
C)political ideologies
D)socialist ideals
Question
When it comes to deploying drones,the president is

A)uninvolved.
B)following American historical examples.
C)judge,jury,and executioner.
D)against the concept.
Question
The _____ ushered in agricultural societies.

A)use of child labor
B)plow
C)subsistence economy
D)steam engine
Question
Hunting and gathering societies had a(n)_____ economy,living off the land and with little or no surplus.

A)subsistence
B)modern
C)pastoral
D)industrial
Question
Despite disunity and bloodshed,a sign of an effort at unity among nations is the

A)relationship between Russia and Ukraine.
B)United Nations.
C)new Cold War.
D)decline of China.
Question
Capitalism responds to

A)market forces.
B)edicts from central planning committees.
C)the public,which owns the means of production.
D)pure socialism.
Question
In laissez-faire capitalism,

A)the government controls the market.
B)central committees control the market.
C)the government does not interfere in the market.
D)the public controls the market.
Question
In _____,the means of production are privately owned.

A)socialism
B)convergence theory
C)laissez-faire socialism
D)capitalism
Question
Democratic socialism is

A)an economic system where only individuals own businesses.
B)a hybrid economic system.
C)pure capitalism.
D)an economic system where only the government owns businesses.
Question
In what century was the steam engine invented?

A)Seventeenth
B)Eighteenth
C)Nineteenth
D)Twentieth
Question
Number one among the top 10 world arms sellers is

A)the United States.
B)China.
C)Russia.
D)France.
Question
The main criticism leveled against capitalism is that it

A)focuses too much on the public good.
B)leads to social equality.
C)does not respect individual rights.
D)leads to social inequality.
Question
The intent of terrorism is to produce _____ in order to obtain _____.

A)fear; political objectives
B)chaos; order
C)fear; reconciliation
D)alarm; attention
Question
A society's view of children as having the right to be educated and to be spared from adult burdens accompanies

A)economic prosperity.
B)child-labor laws.
C)poverty.
D)democracy.
Question
A system of producing and distributing goods and services is known as a(n)

A)subsistence economy.
B)market.
C)economy.
D)hunting and gathering society.
Question
One important feature of socialism is

A)encouragement of competition.
B)profit-making.
C)the elimination of competition.
D)distribution of goods according to people's ability to pay.
Question
A system of producing and distributing goods and services is known as a(n)

A)subsistence economy.
B)market.
C)economy.
D)hunting and gathering society.
Question
_____ take(s)the view that capitalist and socialist economic systems,in adopting features of one another,will create a mixed economic system.

A)State capitalism
B)Convergence theory
C)Market forces
D)Divergence theory
Question
_____ is any item,whether sea shells or gold,that serves as a medium of exchange.

A)Money
B)The gold standard
C)Barter
D)Stored value
Question
In what century was the steam engine invented?

A)Seventeenth
B)Eighteenth
C)Nineteenth
D)Twentieth
Question
The _____ ushered in agricultural societies.

A)use of child labor
B)plow
C)subsistence economy
D)steam engine
Question
Carlos often did not have much money with him,but he shopped anyway,using a _____,which is a device that allows its owner to buy goods and be billed for them later.

A)debit card
B)credit card
C)deposit receipt
D)currency
Question
Sarah stopped at the supermarket to quickly pick up some milk,bread,cat litter,and a tomato.When she saw the total come up on the screen,she swore that it was a dollar higher than it should be.But no,the prices were all correct on her receipt.It was just that they had all gone up.So had the cost of clothing,cars,and most everything else.This is called

A)the gold standard.
B)inflation.
C)increased purchasing power of the dollar.
D)stored value.
Question
Currency is

A)gold.
B)fiat money.
C)e-cash.
D)paper money.
Question
A society's view of children as having the right to be educated and to be spared from adult burdens accompanies

A)economic prosperity.
B)child-labor laws.
C)poverty.
D)democracy.
Question
Which of the following statements about the gold standard is true?

A)All economies follow it.
B)It permits countries to print as much paper money as they want.
C)The United States follows it.
D)In 1971,the United States dropped the gold standard.
Question
The amount of goods and services that a nation produces is known as the

A)gross domestic product.
B)deposit receipt.
C)total output.
D)medium of exchange.
Question
A _____ is used as a form of money.It states that a certain amount of goods are on deposit in a warehouse or bank.

A)gold standard
B)deposit receipt
C)currency
D)credit card
Question
The cost of an item purchased is electronically withdrawn from the purchaser's bank account using a

A)credit card.
B)deposit receipt.
C)fiat currency.
D)debit card.
Question
In _____,the means of production are privately owned.

A)socialism
B)convergence theory
C)laissez-faire socialism
D)capitalism
Question
Governments ____ the development of e-cash.

A)provide grants for
B)encourage
C)dislike
D)are unaware of
Question
A transaction in e-gold is actually the transfer of ownership of a specified amount of _____ stored in a bank vault.

A)silver
B)gold
C)paper money
D)euros
Question
For the first time,it was no longer necessary for everyone to work at producing food in

A)pastoral and horticultural societies.
B)industrial societies.
C)hunting and gathering societies.
D)subsistence economies.
Question
To _____ is to directly exchange one item for another.

A)barter
B)purchase
C)use fiat money
D)use electronic gold
Question
A _____ is the means by which people place a value on goods and services in order to make an exchange; for example,currency,gold,and silver.

A)barter
B)deposit receipt
C)medium of exchange
D)currency
Question
A deposit receipt or a currency has a(n)_____,which is defined as the goods stored and held in reserve that back up a receipt or currency.

A)barter value
B)gross domestic product (GDP)
C)stored value
D)inflation reserve
Question
Fiat money is

A)backed by stored value.
B)a type of inflation.
C)not backed by stored value.
D)a form of barter.
Question
The marriage of biology and economics in the _____ society is likely to yield greater surpluses than before and more extensive trade.

A)industrial
B)biotech
C)hunter-gatherer
D)new agricultural
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Deck 11: Politics and the Economy
1
In a(n)_____,an individual has seized power.

A)direct democracy
B)dictatorship
C)oligarchy
D)representative democracy
B
dictatorship
2
Rational-legal authority is based upon

A)oral tradition.
B)coercion.
C)written rules.
D)custom.
C
written rules.
3
In a(n)_____ democracy,the eligible voters meet together to discuss issues and make their decisions.

A)indirect
B)representative
C)direct
D)totalitarian
C
direct
4
In a monarchy,the power to rule is passed on to the

A)ruler's friends.
B)ruler's children.
C)people.
D)charismatic leader.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
5
Joan of Arc is an example of a leader who had_____ authority.

A)charismatic
B)rational-legal
C)traditional
D)no
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
6
Because there is no rule for succession when a charismatic authority figure dies,the leader will sometimes name a successor or build an organization that can govern after the charismatic figure is gone.Weber called this transition of authority the

A)traditional authority.
B)routinization of charisma.
C)revolution.
D)best of all possible worlds.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
7
In the United States,third parties

A)have consistently been successful.
B)must support the same centrist themes as Democrats and Republicans to play a role.
C)are illegal.
D)have to set themselves apart from the two main parties to play a role.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
8
Power that people consider rightly exercised over them is known as

A)coercion.
B)authority.
C)imposed control.
D)illegitimate power.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
9
Representative democracy uses _____ of the voters to discuss the issues and make decisions.

A)the rulers
B)representatives
C)children
D)friends
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
10
The _____ is a political entity that claims a monopoly on the use of violence in a country.

A)charismatic authority
B)state
C)army
D)court
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
11
The term democracy literally means

A)all hail the king.
B)may the best man win.
C)common denominator.
D)power to the people.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
12
Republicans and Democrats represent

A)radically different political parties.
B)the exact same viewpoint.
C)slightly different slices of the center.
D)extreme viewpoints.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
13
In the early United States,_____ voted.

A)everyone
B)all men
C)all white men
D)all white men who owned property
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
14
A feature of early societies was _____,the power of which radiated outward to adjacent areas that came under its rule.

A)representative democracy
B)revolutionary authority
C)universal citizenship
D)the city-state
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
15
The amount of control wielded over a people by totalitarianism is

A)almost total.
B)moderate.
C)very slight.
D)nonexistent.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
16
Traditional authority-which is authority based on custom-is the hallmark of

A)preindustrial societies.
B)industrialized societies.
C)all states.
D)postindustrial societies.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
17
_____,something new with the United States,is the concept that birth (and residence or naturalization)in a country imparts basic rights.

A)Revolution
B)Citizenship
C)Dictatorship
D)Totalitarianism
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
18
People reject the government's monopoly on violence,and claim the right for themselves,in a(n)

A)state.
B)exercise of traditional authority.
C)election.
D)revolution.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
19
A small group of individuals holds power in a(n)

A)oligarchy.
B)representative democracy.
C)dictatorship.
D)direct democracy.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
20
_____ is a form of power that people do not accept as rightly exercised over them.

A)Legitimate power
B)Large-scale power
C)Authority
D)Coercion
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
21
The intention of _____ is to prevent any single branch of the U.S.government from dominating the government.

A)the conflict perspective
B)pluralism
C)checks and balances
D)anarchy
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
22
The functionalist perspective on who should rule in society favors

A)individualism.
B)anarchy.
C)pluralism.
D)royalty.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
23
A _____ is a government in which a country's largest party does not have enough votes to rule,and so aligns itself with one or more smaller parties to rule.

A)coalition government
B)third party
C)PAC
D)democracy
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
24
Complete this well-known quotation from Carl von Clausewitz (1918): "War is

A)hell."
B)a thing abhorred since the beginning of time."
C)merely a continuation of politics by other means."
D)what happens when all religious approaches have failed."
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
25
Conflict theorists take the position that _____ dominate(s)the United States.

A)lobbyists
B)functionalists
C)anarchy
D)a ruling class
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
26
What is the difference between centrist and noncentrist parties?

A)Centrists are generally Democrats and noncentrists are frequently Republicans.
B)Both represent the same slice of the electorate,so there is really no difference.
C)In terms of political opinion,centrists represent the center and noncentrists represent ideas that are not at the center.
D)Noncentrist parties have a better chance of winning in the United States than centrist parties.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
27
A _____ is a person who influences legislation on behalf of his or her clients.

A)special-interest group
B)PAC
C)third-party supporter
D)lobbyist
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
28
In the largest wave of immigration to the United States,immigrants accounted for _____ of the population.Today,in the second largest wave,immigrants account for _____ of the population.

A)1%; 6%
B)9%; 12%
C)15%; 12%
D)31%; 44%
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
29
War is _____ among societies.

A)universal
B)a modern invention
C)not universal
D)relatively uncommon
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
30
According to Timasheff (1965),one of the three necessary conditions for a war to take place is

A)aggressive impulses.
B)a weaker nation's desire to dominate a stronger one.
C)an antagonistic situation.
D)a slight to the nation's honor.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
31
Proportional representation

A)is a feature of preindustrial societies.
B)places lobbyists in the legislature.
C)gives 100% of the seats in a legislature to the party winning a majority of the popular vote.
D)divides seats in a legislature according to the proportion of votes received by each political party.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
32
AARP,the American Cancer Society,and the League of Women Voters are examples of

A)lobbyists.
B)PACs.
C)special-interest groups.
D)third parties.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
33
In _____,the diffusion of power among many different interest groups prevents any one group from gaining control of the government.

A)the conflict perspective
B)the power pyramid of C.Wright Mills
C)pluralism
D)anarchy
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
34
In the last seven presidential elections in the United States,which age group voted the most,six out of the seven times?

A)18-20
B)25-34
C)35-44
D)65 and older
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
35
Timasheff (1965)identified seven "fuels" that make war likely,including

A)shared religious beliefs with the enemy.
B)a cultural tradition of war.
C)revenge.
D)an antagonistic situation.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
36
_____ is (are)a condition of lawlessness or political disorder caused by the absence or collapse of governmental authority.

A)Pluralism
B)Anarchy
C)Checks and balances
D)Functionalism
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
37
_____ is armed conflict between nations or politically distinct groups.

A)Terrorism
B)War
C)Unrest
D)Civil disobedience
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
38
In the last seven U.S.presidential elections,a majority of _____ have consistently voted for the Democratic candidate.

A)men
B)women
C)neither men nor women
D)both men and women
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
39
In its 2010 ruling on Citizens United v.Federal Election Commission,the U.S.Supreme Court

A)opened the floodgate to corporate contributions of money to political candidates.
B)outlawed political contributions.
C)recognized that corporations are not people.
D)ruled that the First Amendment limits the amount of money that corporations can contribute to politicians.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
40
A product of war is _____,which leads us to reduce people to objects that do not deserve the treatment accorded to human beings.

A)terrorism
B)drones
C)dehumanization
D)arms sales
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
41
The marriage of biology and economics in the _____ society is likely to yield greater surpluses than before and more extensive trade.

A)industrial
B)biotech
C)hunter-gatherer
D)new agricultural
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
42
Hunting and gathering societies had a(n)_____ economy,living off the land and with little or no surplus.

A)subsistence
B)modern
C)pastoral
D)industrial
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
43
The top members of the capitalist class share _____ allowing them to make the major decisions that affect the world.

A)similar educations
B)worldwide interconnections
C)political ideologies
D)socialist ideals
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
44
When it comes to deploying drones,the president is

A)uninvolved.
B)following American historical examples.
C)judge,jury,and executioner.
D)against the concept.
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k this deck
45
The _____ ushered in agricultural societies.

A)use of child labor
B)plow
C)subsistence economy
D)steam engine
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Unlock Deck
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46
Hunting and gathering societies had a(n)_____ economy,living off the land and with little or no surplus.

A)subsistence
B)modern
C)pastoral
D)industrial
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47
Despite disunity and bloodshed,a sign of an effort at unity among nations is the

A)relationship between Russia and Ukraine.
B)United Nations.
C)new Cold War.
D)decline of China.
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Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
48
Capitalism responds to

A)market forces.
B)edicts from central planning committees.
C)the public,which owns the means of production.
D)pure socialism.
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Unlock Deck
k this deck
49
In laissez-faire capitalism,

A)the government controls the market.
B)central committees control the market.
C)the government does not interfere in the market.
D)the public controls the market.
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Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
50
In _____,the means of production are privately owned.

A)socialism
B)convergence theory
C)laissez-faire socialism
D)capitalism
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
51
Democratic socialism is

A)an economic system where only individuals own businesses.
B)a hybrid economic system.
C)pure capitalism.
D)an economic system where only the government owns businesses.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
52
In what century was the steam engine invented?

A)Seventeenth
B)Eighteenth
C)Nineteenth
D)Twentieth
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
53
Number one among the top 10 world arms sellers is

A)the United States.
B)China.
C)Russia.
D)France.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
54
The main criticism leveled against capitalism is that it

A)focuses too much on the public good.
B)leads to social equality.
C)does not respect individual rights.
D)leads to social inequality.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
55
The intent of terrorism is to produce _____ in order to obtain _____.

A)fear; political objectives
B)chaos; order
C)fear; reconciliation
D)alarm; attention
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
56
A society's view of children as having the right to be educated and to be spared from adult burdens accompanies

A)economic prosperity.
B)child-labor laws.
C)poverty.
D)democracy.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
57
A system of producing and distributing goods and services is known as a(n)

A)subsistence economy.
B)market.
C)economy.
D)hunting and gathering society.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
58
One important feature of socialism is

A)encouragement of competition.
B)profit-making.
C)the elimination of competition.
D)distribution of goods according to people's ability to pay.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
59
A system of producing and distributing goods and services is known as a(n)

A)subsistence economy.
B)market.
C)economy.
D)hunting and gathering society.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
60
_____ take(s)the view that capitalist and socialist economic systems,in adopting features of one another,will create a mixed economic system.

A)State capitalism
B)Convergence theory
C)Market forces
D)Divergence theory
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
61
_____ is any item,whether sea shells or gold,that serves as a medium of exchange.

A)Money
B)The gold standard
C)Barter
D)Stored value
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
62
In what century was the steam engine invented?

A)Seventeenth
B)Eighteenth
C)Nineteenth
D)Twentieth
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
63
The _____ ushered in agricultural societies.

A)use of child labor
B)plow
C)subsistence economy
D)steam engine
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
64
Carlos often did not have much money with him,but he shopped anyway,using a _____,which is a device that allows its owner to buy goods and be billed for them later.

A)debit card
B)credit card
C)deposit receipt
D)currency
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
65
Sarah stopped at the supermarket to quickly pick up some milk,bread,cat litter,and a tomato.When she saw the total come up on the screen,she swore that it was a dollar higher than it should be.But no,the prices were all correct on her receipt.It was just that they had all gone up.So had the cost of clothing,cars,and most everything else.This is called

A)the gold standard.
B)inflation.
C)increased purchasing power of the dollar.
D)stored value.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
66
Currency is

A)gold.
B)fiat money.
C)e-cash.
D)paper money.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
67
A society's view of children as having the right to be educated and to be spared from adult burdens accompanies

A)economic prosperity.
B)child-labor laws.
C)poverty.
D)democracy.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
68
Which of the following statements about the gold standard is true?

A)All economies follow it.
B)It permits countries to print as much paper money as they want.
C)The United States follows it.
D)In 1971,the United States dropped the gold standard.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
69
The amount of goods and services that a nation produces is known as the

A)gross domestic product.
B)deposit receipt.
C)total output.
D)medium of exchange.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
70
A _____ is used as a form of money.It states that a certain amount of goods are on deposit in a warehouse or bank.

A)gold standard
B)deposit receipt
C)currency
D)credit card
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
71
The cost of an item purchased is electronically withdrawn from the purchaser's bank account using a

A)credit card.
B)deposit receipt.
C)fiat currency.
D)debit card.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
72
In _____,the means of production are privately owned.

A)socialism
B)convergence theory
C)laissez-faire socialism
D)capitalism
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
73
Governments ____ the development of e-cash.

A)provide grants for
B)encourage
C)dislike
D)are unaware of
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
74
A transaction in e-gold is actually the transfer of ownership of a specified amount of _____ stored in a bank vault.

A)silver
B)gold
C)paper money
D)euros
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
75
For the first time,it was no longer necessary for everyone to work at producing food in

A)pastoral and horticultural societies.
B)industrial societies.
C)hunting and gathering societies.
D)subsistence economies.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
76
To _____ is to directly exchange one item for another.

A)barter
B)purchase
C)use fiat money
D)use electronic gold
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
77
A _____ is the means by which people place a value on goods and services in order to make an exchange; for example,currency,gold,and silver.

A)barter
B)deposit receipt
C)medium of exchange
D)currency
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
78
A deposit receipt or a currency has a(n)_____,which is defined as the goods stored and held in reserve that back up a receipt or currency.

A)barter value
B)gross domestic product (GDP)
C)stored value
D)inflation reserve
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
79
Fiat money is

A)backed by stored value.
B)a type of inflation.
C)not backed by stored value.
D)a form of barter.
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
80
The marriage of biology and economics in the _____ society is likely to yield greater surpluses than before and more extensive trade.

A)industrial
B)biotech
C)hunter-gatherer
D)new agricultural
Unlock Deck
Unlock for access to all 107 flashcards in this deck.
Unlock Deck
k this deck
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Unlock Deck
Unlock for access to all 107 flashcards in this deck.