Exam 11: The Economy and Politics

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Which of the following statements is true of demographic factors in voting?

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C

_____ is power based on the belief that laws and appointed or elected political leaders are legitimate.

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E

_____ is power based on customs that justify a ruler's position.

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A

A(n) _____ is a corporation that owns a collection of companies in different industries.

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A(n) _____ is an organization that has legal rights, privileges, and liabilities apart from those of its members.

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Which of the following statements is true of the pluralist model?

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Conflict theorists contend that the United States is ruled by pluralism.

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Briefly discuss rational-legal authority.

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_____ is an economic system based on private ownership of property and competition in producing and selling goods and services.

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The source of power in rational-legal authority is personal because a ruler inherits authority on the basis of long-standing customs, traditions, or religious beliefs.

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Capitalism is an economic system based on the public ownership of the production of goods and services.

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Which of the following statements is a Democrat most likely to agree with?

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Which of the following statements is true of labor unions?

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_____ is a process of social and economic change resulting from the reduction of industrial activity, especially manufacturing.

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Define socialism and communism.List the ways in which they differ from each other

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A(n) _____ is the domination of a particular market or industry by one person or company.

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Discouraged workers are people who have part-time jobs but want full-time work or whose jobs are below their experience, skill, and education levels.

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_____ are people who have part-time jobs but want full-time work or whose jobs are below their experience, skill, and education levels.

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A(n) _____ is the domination of a market by a few large producers or suppliers.

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Conflict theorists argue that capitalism enables the rich and powerful to exploit other groups, resulting in huge wealth disparities.

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