What Is the Theory of Pluralism

question 2

Multiple Choice

What is the theory of pluralism?

• A)No matter whom one asks, there is general agreement that a small group of people are the power brokers in a community.
• B)Corporate members of a community are active in some way, in different policy areas, and have an equal effect on the community's decisions.
• C)The "powers that be," generally those with a large amount of control over the local economy, are the real power brokers in a community.
• D)A variety of people in a community are active (not just the power elite), and generally different people are active in different policy areas.
• E)A plurality of values, specific to a community, is the underlying source of community power.

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Definitions:

Investment

An asset or item acquired with the goal of generating income or appreciation in value.

Financial Securities

Financial instruments representing some type of financial value, including stocks, bonds, and options, which can be bought and sold in financial markets.

Real GDP

A measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services produced.

Aggregate Demand

Whole demand for merchandise and services in an economy, at a particular overall price point within a defined temporal scope.