Unit 4

Question 1

What are the three economic theories?

Answer 1

Capitalism, Socialism, Communism

Question 2

What is another name for Capitalism?

Answer 2

Free Market

Question 3

What is another name for Socialism?

Answer 3

Mixed Market

Question 4

What is another name for Communism?

Answer 4

Demand economy

Question 5

Who is the father of capitalism?

Answer 5

Adam Smith

Question 6

Who is the father of communism?

Answer 6

Karl Marx

Question 7

Private property, private business. no taxes, no government services

Answer 7

Capitalism characteristics

Question 8

No private property, no private, businesses, no taxes, all government services

Answer 8

Communism characteristics

Question 9

Has taxes, some government services, some private businesses and properties, some non-private businesses and properties

Answer 9

Socialism characteristics

Question 10

Authoritarian

Answer 10

Collectivism, For all

Question 11

Libertarian

Answer 11

Individualism, For one

Question 12

Conservative

Answer 12

Less

Question 13

Liberal

Answer 13

More

Question 14

Less taxes, government spends less money, less government regulation

Answer 14

Conservative Traits

Question 15

More taxes, Government spends more money, More government services

Answer 15

Liberal Traits

Question 16

Values safety, order and stability, whole group is more important than the individual, what’s best for the group?

Answer 16

Authoritarian Traits

Question 17

Values individual freedom, the individual is more important, what’s best for the individual?

Answer 17

Libertarian Traits

Question 18

Set of shared views and judgements held by a population regarding its political system/ political views and opinions

Answer 18

Political Culture

Question 19

Lifelong process by which people form their ideas about politics and political views

Answer 19

Political Socialization

Question 20

What factors effect political socialization?

Answer 20

Family, school, media, etc.

Question 21

What is a focus group?

Answer 21

A group that focuses on people’s opinions and speak for them

Question 22

What is the best type of sample?

Answer 22

Random samples

Question 23

What is the bare minimum for a large national poll?

Answer 23

1,500

Question 24

Representative poll of randomly selected respondents with statistically significant sample size and use of neutral language

Answer 24

Scientific Polls

Question 25

GOP (Grand old party)

Answer 25

Republican party

Question 26

Elections, representatives and politicians reaching out directly to the people, people contacting their representatives themselves/political rep

Answer 26

Measurements of public opinion

Question 27

The sum of individual attitudes about government, policies, & issues

Answer 27

Public opinion

Question 28

what does political culture influence?

Answer 28

Public policy

Question 29

What are some conflict with polls?

Answer 29

Lack of transparency, large/unreported sampling error, small sample size, biased questions, improper sampling techniques

Question 30

What are the 2 types of economies?

Answer 30

Micro and Macro economics

Question 31

Money coming in/out

Answer 31

Fiscal

Question 32

What the government is doing to regulate the economy

Answer 32

Monetary

Question 33

Who/what was Keynesian economics based off of?

Answer 33

John Maynard Keynes’s work in the 1930s

Question 34

more liberal, more government intervention

Answer 34

Keynesian economics characteristics

Question 35

What did Keynesian Economics want the government to do? Especially when?

Answer 35

To stimulate economy by increasing spending, During recession