Which of the Following Is True of Elite Theory

question 40

Multiple Choice

Which of the following is true of elite theory?

• A) It implies that the president must come from the party that holds the majority in Congress.
• B) It emphasizes governmental control over economic policy, but not social institutions.
• C) It is viewed by political scientists as a theory that works well as a description of both how democracies should function and how democracies actually do function.
• D) It indicates that a single ruler controls all aspects of the government, but not economic and social institutions.
• E) It is the perspective that society is ruled by a small number of people who exercise power to further their self-interests.

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Definitions:

Infant Industries

New or emerging industries in their early stages that may be protected by the government through subsidies or tariffs to help them grow.

Self-Sufficiency

The ability of an individual or economy to provide for all their needs without external assistance.

Infant Industry Protection

Economic policies designed to protect young or emerging domestic industries from foreign competition.

Price and Profit Maintenance

Practices aimed at keeping prices at a certain level to ensure sustainable profits, often through agreements or monitoring.