Temple College GOVT 2301 Fall 2001 NAME: MAKE-UP EXAM #1 PART I. SHORT ANSWER 1. Answer one (1) of the following in a paragraph. Write complete sentences and pay attention to spelling, grammar, and word choice. Do NOT assume that “the instructor will know what you mean.” WRITE LEGIBLY IN INK! 13 points 1. What is the difference between direct democracy and representative democracy? Is the American political system better characterized as a representative democracy or a direct democracy? Briefly explain. 2. What is the deliberative will of the people? Briefly discuss. PART II. SHORT ANSWER 2. Answer one (1) of the following in a paragraph. Write complete sentences and pay attention to spelling, grammar, and word choice. Do NOT assume that “the instructor will know what you mean.” WRITE LEGIBLY IN INK! 14 points 1. Identify and discuss the three levels in the analytical framework used by the authors of THE STRUGGLE FOR DEMOCRACY. 2. Provide examples of actors/influences for each of the three levels of the analytical framework used by the authors of THE STRUGGLE FOR DEMOCRACY. PART III. SHORT ANSWER 3. Answer one (1) of the following in a paragraph. Write complete sentences and pay attention to spelling, grammar, and word choice. Do NOT assume that “the instructor will know what you mean.” WRITE LEGIBLY IN INK! 14 points 1. Explain how fiscal policies can be used to stabilize the economy. Who is responsible for making fiscal policy decisions? 2. Explain how monetary policies can be used to stabilize the economy. Who is responsible for making monetary policy decisions? PART IV. SHORT ANSWER 4. Answer one (1) of the following in a paragraph. Write complete sentences and pay attention to spelling, grammar, and word choice. Do NOT assume that “the instructor will know what you mean.” WRITE LEGIBLY IN INK! 14 points 1. Identify and discuss four (4) different types of real-world economies. Give examples of countries representing each type. 2. What are the three (3) fundamental questions that must be answered by any economy? Using a straight-line continuum, explain how laissez-faire economies, centrally-planned economies, and mixed economies answer these three questions. PART V. SHORT ANSWER 5. Answer one (1) of the following in a paragraph. Write complete sentences and pay attention to spelling, grammar, and word choice. Do NOT assume that “the instructor will know what you mean.” WRITE LEGIBLY IN INK! 14 points 1. List and discuss the basic tenets (assumptions) of capitalism. 2. Identify and briefly discuss two broad types of economic functions that government in the U.S. performs. Provide examples to illustrate. PART VI. SHORT ANSWER 6. Answer one (1) of the following in a paragraph. Write complete sentences and pay attention to spelling, grammar, and word choice. Do NOT assume that “the instructor will know what you mean.” WRITE LEGIBLY IN INK! 14 points 1. Discuss the principle differences between the American system of separation of powers and the parliamentary model. Include in your discussion a comparison of methods of selection and removal of the chief executive, the meaning of “the cabinet,” and at least two other differences between the two systems. 2. What values does the structure of the American political system serve? What values does the structure of the parliamentary model serve? Briefly explain why these two types of systems serve the values you’ve identified. PART VII. IDENTIFICATION. Define fifteen (15) of the following items in a sentence or two for each. 15 points politics government separation of powers “the state” (as used in Great Britain) “the administration” (as used in the United States) vote of confidence impeachment market centrally-planned economy laissez-faire economy market capitalism positive externality negative externality public good free-rider problem progressive tax regressive tax Ricardian Equivalence Theorem “crowding-out” effect The Fed discount rate price ceiling price floor monopoly natural monopoly