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30 Cards in this Set
- Front
- Back
The deficits occurring during the Obama administration differ from those occurring during the George W. Bush administration primarily because the Obama-era deficits result more from: |
Deficit spending |
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President Obama's proposals to deal with the financial services industry: |
Leave in place the very regulators whose oversight failed because they were too cozy with the banks. |
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John Maynard Keynes believed the major cause of the great depression was: |
Inadequate consumer demand |
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The U.S. version of conservative Keynesianism did not include: |
Nationalization of major industries. |
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In trying to prevent recession or trying to decrease the effects of recession, a president who sought to implement Keynesian policies would most likely: |
Be willing to engage in deficit spending. |
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During the golden age of capitalism: |
The U.S. economy benefited from the emergence of U.S. global dominance. |
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Stagflation: |
Involved heightened unemployment. |
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There was a profound change in the American political economy during the progressive era. This change was composed of: |
Demand for more intervention by the federal gov't to regulate business. |
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Market fundamentalism is not: |
The eclipse of financial capital by industrial capital. |
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State and local gov't subsidies for railroad construction in the 19th century are best understood as an example of why: |
The free market has always been a fiction. |
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Government regulation is: |
Essential to the operation and survival of capitalism. |
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The Monopoly game metaphor refers to: |
The assertion that market relations are completely voluntary. |
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The main component of structural bias of business in the political system is: |
Business control over the means of production. |
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The term mobilization of bias refers to a situation in which: |
The rules of the game tend to favor one group over another. |
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Capitalism is usually defined as a system in which: |
Capital is privately owned and controlled. |
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Approx. What percentage of the U.S. Labor force are members of a labor union? |
12% |
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What is one reason why business interests are sometimes thwarted in politics? |
Companies have conflicting political interests. |
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What is a second reason why business interests are sometimes thwarted in politics? |
Democratic procedures require policymakers to respond to many interests, not just those of business. |
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What is not a source of capitalist cohesion? |
Attendance of public colleges and universities. |
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The competitive sector of the economy refers to: |
Small businesses and firms. |
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The Great Compromise refers to Constitutional Convention concerning: |
Representation in Congress. |
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The original Constitution decreed: |
Senators would be chosen by state legislatures. |
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What is the idea that the ultimate and supreme source of political authority lies not with the rulers but with the citizens of a Republic? |
Popular sovereignty. |
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The number of state electors in the Electoral College is determined by: |
The sum of the state's members in the House and Senate. |
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The principal of majority rule: |
Is applied in the U.S. to only a confined range of issues. |
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Substantive democracy refers to: |
Whether all citizens have equitable chances to influence and control the making of decisions that affect them. |
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In discussing criteria for how well a representative democracy is working, the book does not say: |
It's important to consider whether the reps. live in the same neighborhood as their constituents. |
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The Reagan revolution: |
Resulted in republicans setting the main terms for public debate. |
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After the election of Barak Obama in 2008, people of color now: |
Experience similar conditions as before the election of Barak Obama. |
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Global interdependence: |
Increases U.S. power and vulnerability at one and the same time. |