Test 4 Question 1

The set of institutions by which a society is ruled is called a:

Government

Test 4 Question 2

The means by which individual's effect government is called:

politics

Test 4 Question 3

Political ideology consists of:

deeply held beliefs in ideas about the best form of government

Test 4 Question 4

Do not need

Do not need

Test 4 Question 5

Anarchists and libertarians believe in the:

least role for the government

Test 4 Question 6

The right of individuals to select their leaders by votingfor them is called:

popular sovereignty

Test 4 Question 7

Reactionaries are people who believe that:

government is necessary but currently plays too large a role

Test 4 Question 8

The primary values of democracy include:

A) the individual is the primary unit of government

B) respect for the individual

C) the legal equality of all people

D) individual freedom

E) all of the above (answer)

Test 4 Question 9

The form of government in which the society is ruled by a dictator or clique that forbids all threats to its position is called:

an authoritarian autocracy

Test 4 Question 10

The concept of the individual as a rational being, equal to all others is a primary idea of:

democracy

Test 4 Question 11

The Declaration of Independence declared:

A) all men are created equal

B) legitimate government must be based on the consent of the governed

C) the people have the right to revolt against oppressive government

D) all men are endowed with certain inalienable rights

E) all of the above answer

Test 4 Question 12

The Constitutional Convention succeeded because the delegates:

Were willing to compromise

Test 4 Question 13

The United States has a federal government which operates on:

three levels

Test 4 Question 14

The Constitution divided the national government into three branches: the Executive, Legilative, and:

Judicial

Test 4 Question 15

For legal purposes the Constitution of the United States means whatever the:

Supreme Court says it means

T

The U.S. national government is:

A) republican

B) federal

C) presidential

D) democratic

E) All of the above(answer)

Test 4 Question 17

The function of the courts is to:

interpret the law and apply it in individual cases

Test 4 Question 18

Our national government under the Constitution

A) is based on every individual's inalienable rights.

B) is subject to change those in office by free election

C) shares power with the states

D) has limited power

E) All of the above (answer)

Test 4 Question 19

Every citizen has certain inalienable rights. These include:

A) freedom of religion

B) freedom of speech

C) right to due process of law

D) freedom of assembly

E) All of the above (answer)

Test 4 Question 20

The United States has a(n):

written constitution

Test 4 Question 21

An economy may be defined as:

The social organization by means of which people of a given society produce and distribute economic goods

Test 4 Question 22

An economy must perform the basic function of determining:

A) the amount of each good to be produced

B) the ultimate division of the goods among those who are to enjoy them

C) the resources that are to be allocated to its output

D) the kinds of goods to be produced

E) All of the above (answer)

Test 4 Question 23

Economic goods are the objects of our economic wants and are the things that:

money can buy

Test 4 Question 24

Economic factors of production include:

A) raw materials

B) capital

C) labor

D) land

E) All of the above (answer)

Test 4 Question 25

Adam Smith's concept, the invisible hand refers to:

the rise and fall of prices that guide individual actions in a market

Test 4 Question 26

A planned economy is characterized by:

government controlled production and distribution

Test 4 Question 27

Allowing the market to operate with a minimum of government regulation is called:

Laissez-Faire

Test 4 Question 28

Most Western economies that today we call capitalist economies are better described by the term:

mixed economy

Test 4 Question 29

Karl Marx and Friedrich Engels argued for a new form of economic and political organization called:

communism

Test 4 Question 30

Soviet-style socialism was abandoned because:

socialist economies were significantly lagging behind capitalist economies

Test 4 Question 31

The role of government in the economy is:

both direct and indirect

Test 4 Question 32

The U.S. debt is made up of the nation's:

accumulated deficits

Test 4 Question 33

How much people get from Social Security depends on:

A) how much they earned

B) how long they worked

C) when they start claiming benefits

D) when they retire or stop working

E) All of the above (answer)

Test 4 Question 34

do not need

do not need

Test 4 Question 35

Macroeconomic policies of government concern:

only general welfare as a whole

Test 4 Question 36

The Keynesian Revolution introduced the concept that government:

can and should play a stabilizing role in the economy

Test 4 Question 37

The tendency of a given initial change in spending to change income by a multiple of the initial change is called:

the multiplier

Test 4 Question 38

The policy of using the government budget surplus or deficit to control the level of spending in the economy is called:

fiscal policy

Test 4 Question 39

Regulations that impose significant costs but do not provide the funds to pay these costs are called:

unfunded mandates

Test 4 Question 40

What gives money its value is that the Federal Reserve Board:

issues only a limited quantity of its notes

Test 4 Question 41

A basic function of government is to protect its citizens from internal and external enemies

True

Test 4 Question 42

The advantage of democracy is that it can be defined in a precise way that satisfies everyone

False

Test 4 Question 43

The Government of the United States is both a democracy and a republic

true

Test 4 Question 44

The United States has a parliamentary form of government

False

Test 4 Question 45

Unplanned economies rely on markets to control economic decisions

True

Test 4 Question 46

Transition difficulties facing formerly planned economies include enormous unemployment

True

Test 4 Question 47

Most state governments in the U.S. cover their expenditures with taxes

True

Test 4 Question 48

A depression is a period of drastic decline in an economy

True

Test 4 Question 49

Unemployment benefits do not vary and cannot change

False

Test 4 Question 50

Politicians do not control fiscal policy; economists do.

False