The Term "Oligarchy" Refers to

question 12

Multiple Choice

The term "oligarchy" refers to

• A) the obligation of the federal government to develop social welfare programs.
• B) the influence of foreign capital on American businesses.
• C) control of one or more branch(es) of government by one party.
• D) control of an entire industry by a handful of large corporations.
• E) none of the above.

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Definitions:

Trade Deficit

A scenario in which a nation's expenditure on imported goods and services surpasses its revenue from exports, resulting in a greater outflow of money than inflow.

Trade Surplus

A situation in which a country exports more goods and services than it imports.

GATT Negotiations

Series of negotiations under the General Agreement on Tariffs and Trade aimed at reducing trade barriers and promoting international trade.

Intellectual Property Rights

Legal rights granted to creators and inventors to protect their inventions, literary and artistic works from unauthorized use.