Question 1

Which concept refers to the domination of a market by a few companies?

Accepted Answer

A) monopoly 
B) oligarchy 
C) oligopoly 
D) plutocracy 
A) monopoly 
B) oligarchy 
C) oligopoly 
D) plutocracy

Question 2

In the United States, people most likely to vote include

Accepted Answer

A) people with lower incomes. 
B) younger people. 
C) older people. 
D) convicted felons. 
A) people with lower incomes. 
B) younger people. 
C) older people. 
D) convicted felons.

Question 3

In which type of political system does a single family rule from generation to generation?

Accepted Answer

A) democracy 
B) autocracy 
C) plutocracy 
D) monarchy 
A) democracy 
B) autocracy 
C) plutocracy 
D) monarchy

Question 4

You probably approve of the operation of Wal-Mart if you support

Accepted Answer

A) state capitalism. 
B) pure capitalism. 
C) pure socialism. 
D) businesses that are locally owned and family operated. 
A) state capitalism. 
B) pure capitalism. 
C) pure socialism. 
D) businesses that are locally owned and family operated.

Question 5

In a socialist economy,

Accepted Answer

A) the right of individuals to own productive property is unlimited. 
B) the emphasis on self-interest is an efficient motivation for both production and pricing. 
C) there is a collective orientation, teaching people to be motivated by serving the common good. 
D) the means of production are privately owned. 
A) the right of individuals to own productive property is unlimited. 
B) the emphasis on self-interest is an efficient motivation for both production and pricing. 
C) there is a collective orientation, teaching people to be motivated by serving the common good. 
D) the means of production are privately owned.

Question 6

In the United States, the manufacture of breakfast cereal is dominated by Kellogg's, General Mills, and General Foods, which together control most sales.This pattern is an illustration of

Accepted Answer

A) monopoly. 
B) oligarchy. 
C) plutocracy. 
D) oligopoly. 
A) monopoly. 
B) oligarchy. 
C) plutocracy. 
D) oligopoly.

Question 7

In the 2012 presidential election,

Accepted Answer

A) women were slightly more likely to vote than men were. 
B) men were far more likely to support the Democratic candidate. 
C) women were far more likely to support the Republican candidate. 
D) a much larger percentage of men than women voted. 
A) women were slightly more likely to vote than men were. 
B) men were far more likely to support the Democratic candidate. 
C) women were far more likely to support the Republican candidate. 
D) a much larger percentage of men than women voted.

Question 8

The 2002 Bipartisan Campaign Reform Act, also called the McCain-Feingold bill,

Accepted Answer

A) outlawed political action committees. 
B) states that soft money can no longer flow directly to candidates or political parties. 
C) limited individual contributions, but allowed PACs to contribute without limits. 
D) requires that candidates pool their campaign contributions, and then distribute the money equally. 
A) outlawed political action committees. 
B) states that soft money can no longer flow directly to candidates or political parties. 
C) limited individual contributions, but allowed PACs to contribute without limits. 
D) requires that candidates pool their campaign contributions, and then distribute the money equally.

Question 9

Which term refers to organizations formed by special-interest groups to raise and spend money in support of political goals?

Accepted Answer

A) fund raisers 
B) political action committees (PACs) 
C) soft money boards 
D) lobbyists 
A) fund raisers 
B) political action committees (PACs) 
C) soft money boards 
D) lobbyists

Question 10

Which political model sees a concentration of wealth and power in U.S.society resulting from the operation of the capitalist economy?

Accepted Answer

A) power-elite model 
B) pluralist model 
C) Marxist political-economy model 
D) social movements model 
A) power-elite model 
B) pluralist model 
C) Marxist political-economy model 
D) social movements model

Question 11

Which of the following concepts refers to political alliances of people interested in some economic or social issue?

Accepted Answer

A) conglomerate 
B) special-interest group 
C) oligopoly 
D) oligarchy 
A) conglomerate 
B) special-interest group 
C) oligopoly 
D) oligarchy

Question 12

Which of the following statements is correct?

Accepted Answer

A) Conservatives but never liberals favor using government power. 
B) Liberals but never conservatives favor using government power. 
C) Both conservatives and liberals try to use the power of government, but for different goals. 
D) Neither conservatives nor liberals favor the use of government power. 
A) Conservatives but never liberals favor using government power. 
B) Liberals but never conservatives favor using government power. 
C) Both conservatives and liberals try to use the power of government, but for different goals. 
D) Neither conservatives nor liberals favor the use of government power.

Question 13

Which of the following would be considered a part of the power elite?

Accepted Answer

A) top military officials 
B) owners of small, family businesses 
C) all taxpayers 
D) all registered voters 
A) top military officials 
B) owners of small, family businesses 
C) all taxpayers 
D) all registered voters

Question 14

In the United States

Accepted Answer

A) the economic activity of corporations is far greater than that of government. 
B) most economic production occurs in the government sector. 
C) government assistance to corporations is limited to periods of crisis. 
D) the government does nothing to shape economic life. 
A) the economic activity of corporations is far greater than that of government. 
B) most economic production occurs in the government sector. 
C) government assistance to corporations is limited to periods of crisis. 
D) the government does nothing to shape economic life.

Question 15

Accepted Answer

A) the pursuit of self-interest has widespread benefits from producing the greatest good for the greatest number of people. 
B) the selfish effort that characterizes capitalism results in higher prices and increased inequality. 
C) capitalism is most productive when it is managed by government. 
D) equality in power and wealth result from an economy operating according to supply and demand. 
A) the pursuit of self-interest has widespread benefits from producing the greatest good for the greatest number of people. 
B) the selfish effort that characterizes capitalism results in higher prices and increased inequality. 
C) capitalism is most productive when it is managed by government. 
D) equality in power and wealth result from an economy operating according to supply and demand.

Question 16

Which of the following concepts refers to a political system in which power is exercised by the people as a whole?

Accepted Answer

A) democracy 
B) aristocracy 
C) authoritarianism 
D) monarchy 
A) democracy 
B) aristocracy 
C) authoritarianism 
D) monarchy

Question 17

Critics say that our system of campaign financing

Accepted Answer

A) allows the most popular candidates to gain the most money. 
B) enhances democracy. 
C) puts the U.S.political system up for sale. 
D) raises too little money. 
A) allows the most popular candidates to gain the most money. 
B) enhances democracy. 
C) puts the U.S.political system up for sale. 
D) raises too little money.

Question 18

Which type of economic system places natural resources and the means of producing goods and services under collective ownership?

Accepted Answer

A) capitalism 
B) a mixed economy 
C) feudalism 
D) socialism 
A) capitalism 
B) a mixed economy 
C) feudalism 
D) socialism

Question 19

Which term refers to a giant corporation composed of many smaller corporations?

Accepted Answer

A) oligopoly 
B) conglomerate 
C) monopoly 
D) oligarchy 
A) oligopoly 
B) conglomerate 
C) monopoly 
D) oligarchy

Question 20

Which term refers to networks of people who serve as directors of several corporations at the same time?

Accepted Answer

A) conglomerate 
B) corporate board 
C) interlocking directorate 
D) oligarchy 
A) conglomerate 
B) corporate board 
C) interlocking directorate 
D) oligarchy

Which concept refers to the domination of a market by a few companies?

In the United States, people most likely to vote include

In which type of political system does a single family rule from generation to generation?

You probably approve of the operation of Wal-Mart if you support

In a socialist economy,

In the United States, the manufacture of breakfast cereal is dominated by Kellogg's, General Mills, and General Foods, which together control most sales.This pattern is an illustration of

In the 2012 presidential election,

The 2002 Bipartisan Campaign Reform Act, also called the McCain-Feingold bill,

Which term refers to organizations formed by special-interest groups to raise and spend money in support of political goals?

Which political model sees a concentration of wealth and power in U.S.society resulting from the operation of the capitalist economy?

Which of the following concepts refers to political alliances of people interested in some economic or social issue?

Which of the following statements is correct?

Which of the following would be considered a part of the power elite?

In the United States

According to Scottish economist Adam Smith, Macionis, Social Problems, 7/e PAGE 83 PAGE 21 © 2018, 2015, 2013 Pearson Education, Inc.All rights reserved.

Which of the following concepts refers to a political system in which power is exercised by the people as a whole?

Critics say that our system of campaign financing

Which type of economic system places natural resources and the means of producing goods and services under collective ownership?

Which term refers to a giant corporation composed of many smaller corporations?

Which term refers to networks of people who serve as directors of several corporations at the same time?

Sociology: Studying Social Problems

Economic Inequality

Racial and Ethnic Inequality

Gender Inequality

Aging and Inequality

Crime, Violence, and Criminal Justice

Sexuality

Alcohol and Other Drugs

Physical and Mental Health

Work and the Workplace

Family Life

Education

Urban Life

Population and Global Inequality

Technology and the Environment

War and Terrorism

Filters

Exam 10: Economy and Politics

Which concept refers to the domination of a market by a few companies?

In the United States, people most likely to vote include

In which type of political system does a single family rule from generation to generation?

You probably approve of the operation of Wal-Mart if you support

In a socialist economy,

In the United States, the manufacture of breakfast cereal is dominated by Kellogg's, General Mills, and General Foods, which together control most sales.This pattern is an illustration of

In the 2012 presidential election,

The 2002 Bipartisan Campaign Reform Act, also called the McCain-Feingold bill,

Which term refers to organizations formed by special-interest groups to raise and spend money in support of political goals?

Which political model sees a concentration of wealth and power in U.S.society resulting from the operation of the capitalist economy?

Which of the following concepts refers to political alliances of people interested in some economic or social issue?

Which of the following statements is correct?

Which of the following would be considered a part of the power elite?

In the United States

According to Scottish economist Adam Smith, Macionis, Social Problems, 7/e PAGE 83 PAGE 21 © 2018, 2015, 2013 Pearson Education, Inc.All rights reserved.

Which of the following concepts refers to a political system in which power is exercised by the people as a whole?

Critics say that our system of campaign financing

Which type of economic system places natural resources and the means of producing goods and services under collective ownership?

Which term refers to a giant corporation composed of many smaller corporations?

Which term refers to networks of people who serve as directors of several corporations at the same time?

Sociology: Studying Social Problems

Economic Inequality

Racial and Ethnic Inequality

Gender Inequality

Aging and Inequality

Crime, Violence, and Criminal Justice

Sexuality

Alcohol and Other Drugs

Physical and Mental Health

Work and the Workplace

Family Life

Education

Urban Life

Population and Global Inequality

Technology and the Environment

War and Terrorism

Filters