Social Science test 3 – Flashcards
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Is Communism and Socialism the same thing? Why or why not?
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They are alike in that both are systems of production for use based on public ownership of the means of production and centralized planning. Socialism grows directly out of capitalism; it is the first form of the new society. Communism is a further development or "higher stage" of socialism.
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In China, has the communist government made the provision of health care a top priority?
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True
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Social security was called an insurance plan but does it actually meet that definition?
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No, it does not.
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Is one of the most controversial forms of government involvement in the economy through microeconomics?
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False; It's through macroeconomics
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Under President George W. Bush, did the U.S. see itself as above the international community and was willing to rely on its military power to achieve its ends?
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True
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What is the chief incentive in a market economy?
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Profit motive
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What is an economy in which the government plays no part at all called?
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Pier free
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All modern economies, whatever their history, have evolved into what?
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Primatic market economy
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The "rule of law" in the U.S. limits the government's ability to change what?
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Property rights
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Large-scale regulations have brought about a reaction on the part of some people supporting the doctrine of what?
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Laissez-faire
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What is an example of how the government directs the flow of profits toward corporations and away from consumers?
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The extension of patent rights
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Fluctuations in aggregate output are often called what?
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Steady states
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What does monetary policy NOT affect?
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Real GDP or unemployment
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To maintain its dominance in a globalized economy, the higher wages that go with that dominance, the U.S. will have to maintain what?
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Technological edge over other countries
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During the century that followed the Congress of Vienna (1815), a fairly effective balance of what was maintained?
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Power
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Generally speaking, foreign policies of state are designed to do what?
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Further the interests of a nation (help all nations prosper)
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Through much of the 19th century, the U.S. was committed to a policy of what?
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Isolation
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What is geopolitics?
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The relationship between geography and security that foreign policy makers attempt to consider
