C.Wright Mills maintains that the nation is really ruled by_______________?
Correct answer: B. a power elite
- A. the masses
- B. a power elite
- C. representatives of the people
- D. the participants in the political process
Explanation
C. Wright Mills argued that major national decisions in the United States are shaped by a relatively small power elite drawn from political, military and corporate institutions. This challenges the idea that the masses directly rule.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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