Economics MCQs

Page No. 105

The favorable evaluation of presidents is based on______________?


athe caretaker role


bstrict adherence to the written Constitution


cdynamic political leadership


dthe teflon principle



Congressional representation is based on______________?


asingle member constituency system


bproportional representation


cparliamentary system


d BOTH single-member constituency and proportional representation



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


aPresidential supremacy


bFederalism


cSeparation of powers


dChecks and balances



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


aconfederacy


bfederalism


ccentralism


dUnitarianism


View Answer federalism

The “invisible hand” refers to_______________?


aa feature of Adam Smith,s Wealth of Nations


bthe belief God exhibited by the Puritans


cthe fact that prayer results in help


d a belief in ghosts prevalent in the early Middle Ages



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


acreate abuse


bstimulate government control


c stimulate economic growth as each individual tried to maximize profits


dstifle economic growth as the markets would be flooded with merchandise



The unraveling of soviet communism can be traced to______________?


a a failure in raised expectations


bthe oppressive role of the Communist Party


cthe failure of the Soviet economy to provide for consumer goods


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


bmuch the government interferes in the economy


cprofits are made


deasy it is become rich



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


aeveryone has economic security


b everyone has the right to hold private property


cwelfare is eliminated


deveryone has the chance to become a millionaire



Democratic socialism is an ideology that______________?


apreaches hatred of the state


bdemands total nationalization of the economy


cstresses class struggle


dseeks to provide essential services to all



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