Question 1

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.

Question 2

In the United States, about what percentage of the gross domestic product comes from the privately owned sector of the economy?

Accepted Answer

A) 42 percent 
B) 62 percent 
C) 82 percent 
D) 100 percent

Question 3

Which type of political system, by definition, denies popular participation in government?

Accepted Answer

A) capitalism 
B) authoritarianism 
C) democracy 
D) socialism

Question 4

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

Question 5

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

Question 6

Explain how the pluralist model, the power-elite model, and the Marxist political-economy model each provide a distinctive view of power in the United States. Provide one criticism of each model. Which model comes closest to your own view? Why?

Accepted Answer

The answer of Explain how the pluralist model, the power-elite...

Question 7

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.

Question 8

Define corporations, monopolies, conglomerates, and special-interest groups. Give an example of each. Explain how, from a political point of view, each can cause a specific social problem.

Accepted Answer

The answer of Define corporations, monopolies, conglomerates, and special-interest groups....

Question 9

Which type of economic system has government working closely with large, privately owned companies?

Accepted Answer

A) state socialism 
B) state capitalism 
C) social welfare 
D) state welfare

Question 10

The domination of an entire market by a single company is referred to as

Accepted Answer

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

Question 11

In the 2012 presidential election, the Obama-Biden and Romney-Ryan campaigns each spent how much money in their efforts to win the election?

Accepted Answer

A) $10 million 
B) $100 million 
C) $1 billion 
D) $1 trillion

Question 12

Conservatives claim that relatively low voter turnout is mostly a sign of

Accepted Answer

A) how busy most people are. 
B) how uneducated our population is. 
C) indifference on the part of many people who are fairly satisfied with the way things are. 
D) widespread alienation from politics on the part of those who feel that the system doesn't do anything for them.

Question 13

What is the social institution that guides a society's collective decision-making process?

Accepted Answer

A) education 
B) economics 
C) politics 
D) mass media

Question 14

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.

Question 15

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

Question 16

Define economy and politics. Explain how the two social institutions are interrelated.

Accepted Answer

The answer of Define economy and politics. Explain how the...

Question 17

Liberals and radicals on the left argue that low voter turnout reflects

Accepted Answer

A) widespread alienation from politics on the part of people who are dissatisfied but doubt that voting will make a difference. 
B) indifference of people who are fairly satisfied with the way things are. 
C) how uneducated our population is. 
D) the fact that voting is not required by law in the United States.

Question 18

Which concept refers to the efforts of special-interest groups and their representatives to influence government officials?

Accepted Answer

A) campaigning 
B) stumping 
C) lobbying 
D) interlocking

Question 19

According to which political position does the capitalist economy concentrate wealth in the hands of the few and the government serve the interests of the capitalist elite?

Accepted Answer

A) radical left 
B) liberal 
C) conservative 
D) radical right

Question 20

The Nineteenth Amendment to the U.S. Constitution extended the vote to

Accepted Answer

A) African American men. 
B) women. 
C) eighteen-year-olds. 
D) Native Americans.

Exam 10: Economy and Politics