Exam 12: The Economy and Politics

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The industrial revolution

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C

The Industrial Revolution began in England around 1760.

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True

Mixed economy is an economic system that contains only socialism.

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False

Big corporations are owned by__________ even though they do not control their daily operations.

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John works in a large office. He largely obeys the instructions of his supervisor because he feels his boss is the only person who can see the overall mission of the office. Johnʹs supervisor is an example of __________authority.

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Growing up, Jillʹs parents were conservative Republicans. Jill is most likely to choose which political party?

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Power is the ability to control the behavior of others, even against their will.

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Oligopoly is a situation in which a very few companies control the output of an industry.

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Poverty is the breeding ground for revolution and terrorism.

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According to the text, the ethnic group that probably has faced the most economic discrimination is

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Which statement about social diversity in U.S. politics is true?

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What term did Weber use to describe illegitimate power?

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Helenʹs parents were former 1960s radicals who were involved in many political movements. As she grew up they frequently talked to her about political events and their own feelings about the country. Helen was therefore experiencing__________ .

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Interest groups

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A corporation that owns companies in various unrelated industries.

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The threat of physical force in order to achieve obedience is what Max Weber calls__________ .

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Free competition and privately owned property are the key elements of

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Someone opposed to government involvement in economic or social issues would most likely be an)

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According to Karl Marx, problems could arise in a capitalist system to such a point it would lead to

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Define and explain mixed economy.

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