Which concept refers to political alliances of people interested in some economic or social issue?
a. conglomerate
b. special-interest group
c. oligopoly
d. oligarchy
According to the authors of the text, capitalism will, if unhindered by government regulation, result in individual self-fulfillment and general material progress for all of society.
Indicate whether this statement is true or false.
Assume a member of the Kodak Corporation's board of directors also serves on the boards of other camera manufacturers, such as Nikon and Fuji. This pattern would illustrate the operation of
a. an oligopoly.
b. a plutocracy.
c. an oligarchy.
d. an interlocking directorate.
Which term refers to a giant corporation composed of many smaller corporations?
a. oligopoly
b. conglomerate
c. monopoly
d. oligarchy
In the United States, the manufacture of breakfast cereal is dominated by Kellogg's, General Mills, and General Foods, which together control most sales. This pattern is an illustration of
a. monopoly.
b. oligarchy.
c. plutocracy.
d. oligopoly.
The domination of an entire market by a single company is referred to as
a. a monopoly.
b. an oligopoly.
c. an oligarchy.
d. a plutocracy.
Which concept refers to the domination of a market by a few companies?
a. monopoly
b. oligarchy
c. oligopoly
d. plutocracy
Which of the following countries is currently ruled by a monarchy?
a. the United States
b. Saudi Arabia
c. France
d. Italy
Which term refers to businesses with a legal existence, including rights and liabilities, apart from those of their members?
a. family business
b. conglomerate
c. corporation
d. interlocking directorate
You probably approve of the operation of WalMart if you support
a. state capitalism.
b. pure capitalism.
c. pure socialism.
d. businesses that are family owned and operated.
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