Question 1

Which of the following is an example of a shared monopoly?

Accepted Answer

A)  Company A, Company B, and Company C together supply 20 percent of all mufflers in the United States. 
B)  Company X, Company Y, and Company Z together supply 60 percent of all beds in the United States. 
C)  Company B, Company U, and Company Y together supply 30 percent of all snow tires in the United States. 
D)  Company T, Company O, and Company Y together supply 45 percent of all doll dresses in the United States.

Question 2

By building roads for logging,the government is providing a __________ to the timber industry.

Accepted Answer

A)  monopoly 
B)  cloture 
C)  filibuster 
D)  subsidy

Question 3

Describe the reasons that the inequality gap in the United States has risen dramatically.How has U.S.tax policy contributed to the widening gap? What are the consequences of recent tax policies?

Accepted Answer

The answer of Describe the reasons that the inequality gap...

Question 4

The high cost of financing a political campaign __________.

Accepted Answer

A)  enhances the democratic process 
B)  ensures the "little guy" will have a voice 
C)  favors independently wealthy candidates 
D)  encourages voting from disenfranchised groups

Question 5

The authors argue that many of the problems of U.S.society largely result from the __________.

Accepted Answer

A)  maldistribution of power 
B)  conspiracy of the power elites 
C)  system being undermined by those who criticize it 
D)  system being undermined by the poor and disadvantaged.

Question 6

Critics argue that capitalism,because its objective is profit and not enhancing the human condition,promotes __________.

Accepted Answer

A)  democracy 
B)  individual fulfillment 
C)  equality 
D)  inequality

Question 7

Which of the following represents an example of the argument that the powerless bear the burden of U.S.government policy?

Accepted Answer

A)  Only 10 percent of college-aged men were drafted in the Vietnam War. 
B)  Subsidies to social services for the poor were increased during the 2007 recession. 
C)  Rebuilding priority was given to the poor after Hurricane Katrina. 
D)  Government subsidies are overwhelmingly given to small businesses.

Question 8

Identify the ways in which monopolies hurt free enterprise.

Accepted Answer

The answer of Identify the ways in which monopolies hurt...

Question 9

The economy of the United States is purely a free enterprise system.

Accepted Answer

A) True 
 B)False

Question 10

According to your text,the government has the power to expand or reduce the gap between the haves and the have-nots but politicians have prioritized __________.

Accepted Answer

A)  healthcare reform 
B)  the reduction of the size of government 
C)  the reduction of taxes for the wealthy 
D)  campaign finance reform

Question 11

The high cost of financing political campaigns favor __________,who have an easier time raising money.

Accepted Answer

A)  incumbent candidates 
B)  African American candidates 
C)  female candidates 
D)  first-time candidates

Question 12

The power elite can get its way without actually being mobilized because the choices of decision makers are often limited by __________.

Accepted Answer

A)  government checks and balances 
B)  systemic imperatives 
C)  the political power of the power elite 
D)  congressional filibusters

Question 13

__________ is the nation with the most millionaires.

Accepted Answer

The answer of __________ is the nation with the most...

Question 14

The authors of your text point out that the flood of election money sabotages democracy in which of the following ways?

Accepted Answer

A)  There is increased access for all people to run for office. 
B)  The have-nots of society are equally represented among decision makers. 
C)  The influence of campaign donors makes it harder for legislators to solve social problems. 
D)  Everyone has a voice in how leftover campaign money is spent after an election is over.

Question 15

The principles of "trickle-down" economics are adopted by the government because __________.

Accepted Answer

A)  government officials, who tend to come from the business class, bring a conservative ideology to office with them 
B)  government officials, who tend to come from activist backgrounds, bring a liberal ideology to office with them 
C)  government officials are more likely to hear the arguments of the powerless, who are in most need of support 
D)  government officials are more likely to hear the arguments of the powerful, who want to make sure the needy are taken care of

Question 16

According to Piven and Cloward,the government institutes massive aid to the poor only when the __________.

Accepted Answer

A)  poor constitute a threat 
B)  power elite pressures them 
C)  economy is booming 
D)  economy is in a recession

Question 17

__________,as defined in the text,is the ability to get what one wants from someone else.

Accepted Answer

The answer of __________,as defined in the text,is the ability...

Question 18

In the Citizens United case the Supreme Court interpreted political donations as __________.

Accepted Answer

A)  only allowable for low-income candidates 
B)  a restriction on equal access to democracy 
C)  a form of speech protected by the Constitution 
D)  an unconstitutional influence over policymakers

Question 19

Why are U.S.corporations shifting more and more of their total assets outside the United States? What are the consequences of the shift in production to other countries?

Accepted Answer

The answer of Why are U.S.corporations shifting more and more...

Question 20

A __________ solution stems from the assumption that private profit maximizes public good.

Accepted Answer

The answer of A __________ solution stems from the assumption...

Exam 2 Wealth and Power: The Bias of the System A.Multiple-Choice