Exam 11: The Economy and Politics

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_____ is an economic system that combines private ownership of property, market competition, and a government's regulation of many programs and services.

(Multiple Choice)
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A(n) _____ is someone hired by a special-interest group to influence legislation on the group's behalf.

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A _____ is an organization that tries to influence and control government by recruiting, nominating, and electing its members to public office.

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Which of the following statements is true of part-time work?

(Multiple Choice)
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Critics argue that globalization terminates jobs and makes goods and services unaffordable for people around the world.

(True/False)
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Which of the following is one of the principles of democracy?

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Describe the key characteristics of a pluralist model.

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Deindustrialization, globalization, and offshoring have strengthened labor unions.

(True/False)
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Which of the following is a reason for the failure of communism?

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How does a transnational corporation differ from a transnational conglomerate?

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Interlocking directorates have become more influential than ever because of the proliferation of transnational corporations.

(True/False)
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Define capitalism.List the characteristics of a capitalistic economy.

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Critically evaluate the perspective of conflict theorists on the power elite.

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Which of the following statements best describes the functionalist perspective on work and the economy?

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In the context of the political system, a _____ is a group of people that seeks or receives benefits or favorable treatment.

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By moving production plants abroad, large U.S.corporations:

(Multiple Choice)
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Critically evaluate the functionalists' perspective on political power.

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In a(n) _____, the same people serve on the boards of directors of several companies or corporations.

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Which of the following is a political system in which power is allocated solely on the basis of heredity and passes from generation to generation?

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In socialism, the state is responsible for all economic planning and programs.

(True/False)
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