Which of the Following Is a Characteristic of Elite Theory

question 18

Multiple Choice

Which of the following is a characteristic 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:

Balance on Current Account

Refers to the difference in value between a country's exports and imports of goods, services, investment incomes, and transfers.

Capital Account Balance

A component of the balance of payments which records net changes in a country's international financial assets and liabilities, including direct investment, portfolio investment, and other investments.

U.S. Dollar

The official currency of the United States and a primary reserve currency used globally in international transactions.

Foreign Exchange

The trading of currencies on the forex market, allowing for the conversion of one currency into another.