Exam 2: Wealth and Power: the Bias of the System

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Marx hypothesized that free enterprise would eventually destroy itself and be replaced with a new economic form. Answer TRUE

(True/False)
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Political decisions are likely to be limited by preexisting conditions that serve to maintain the status quo. Answer TRUE

(True/False)
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Power in the United States is concentrated in a power elite, and this elite uses its power for its own advantage. Answer TRUE

(True/False)
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The Bipartisan Campaign Reform Act __________.

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

(Multiple Choice)
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The U.S. government has directly intervened in the domestic affairs of foreign governments to __________.

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

(Multiple Choice)
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Which of the following is a characteristic of the systemic imperatives the authors discuss?

(Multiple Choice)
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Identify the ways in which monopolies hurt free enterprise.

(Essay)
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According to the authors of the text, capitalism will, if unhindered by government regulation, result in individual self-fulfillment and general material progress for all of society. Answer FALSE

(True/False)
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The bailout of airlines by Congress shortly after the terrorist attacks of September 2001, without similar relief to fired airline workers, represents an example of a __________.

(Multiple Choice)
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One of the reasons that the government tends to be pro-business is because government officials are more likely to __________.

(Multiple Choice)
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At the national level, lobbying in 2014 was a __________ business.

(Multiple Choice)
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Marx asserted that capitalism has within it the seeds of its own destruction because of __________.

(Multiple Choice)
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Lack of centralized planning is a feature of ________. Answer capitalism

(Short Answer)
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The popular belief in democracy works to the advantage of the __________.

(Multiple Choice)
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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 __________.

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

(Multiple Choice)
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The economic and social constraints on political decision makers that promote the status quo refers to __________.

(Multiple Choice)
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The transfer of publicly funded technologies to private corporations is an important example of a government __________ to big business. Answer subsidy

(Short Answer)
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