Elite theory: 1) implies that the president must come from the party that holds the majority in congress. 2) emphasizes governmental control over economic policy, but not social institutions. 3) 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. 4) indicates that a single ruler controls all aspects of the government, but not economic and social institutions. 5) is the perspective that society is ruled by a small number of people who exercise power to further their self-interests.