Economics MCQs

Page No. 105

The favorable evaluation of presidents is based on______________?


athe caretaker role

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bstrict adherence to the written Constitution

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cdynamic political leadership

✓


dthe teflon principle

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Congressional representation is based on______________?


asingle member constituency system

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bproportional representation

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cparliamentary system

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d BOTH single-member constituency and proportional representation

✓



Which is NOT a restraint imposed on the United States government ?


aPresidential supremacy

✓


bFederalism

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cSeparation of powers

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dChecks and balances

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The system of distributing political power between a central national government and the governments of the geographical regions of the nation is called ?


aconfederacy

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bfederalism

✓


ccentralism

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dUnitarianism

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View Answer federalism

The “invisible hand” refers to_______________?


aa feature of Adam Smith,s Wealth of Nations

✓


bthe belief God exhibited by the Puritans

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cthe fact that prayer results in help

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d a belief in ghosts prevalent in the early Middle Ages

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Smith wrote that private ownership of the means of production would ?


acreate abuse

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bstimulate government control

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c stimulate economic growth as each individual tried to maximize profits

✓


dstifle economic growth as the markets would be flooded with merchandise

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The unraveling of soviet communism can be traced to______________?


a a failure in raised expectations

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bthe oppressive role of the Communist Party

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cthe failure of the Soviet economy to provide for consumer goods

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d all of the above

✓


View Answer all of the above

The difference in the three most prevalent economic systems lies in how ?


athe people respect the government

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bmuch the government interferes in the economy

✓


cprofits are made

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deasy it is become rich

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The cause of freedom is served according to democratic capitalists when__________________?


aeveryone has economic security

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b everyone has the right to hold private property

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cwelfare is eliminated

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deveryone has the chance to become a millionaire

✓



Democratic socialism is an ideology that______________?


apreaches hatred of the state

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bdemands total nationalization of the economy

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cstresses class struggle

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dseeks to provide essential services to all

✓



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