The power elite are drawn from among the_______________?
Correct answer: A. military and business leaders
- A. military and business leaders
- B. middle-class urban residents
- C. union leaders
- D. intellectuals
Explanation
Power-elite theory identifies a relatively small ruling circle drawn especially from major business and military leadership, often alongside senior political officials. Middle-class residents, union leaders, and intellectuals are not the core categories in this description.
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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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