The federal government uses fiscal policy when it raises ___________
a. the reserve ration
b. taxes
c. the marginal tax bracket
d. the discount rate
b
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Special interest groups provide oversight of bureaucracy by focusing their attention on the departments or agencies that function in their chosen policy field
Indicate whether the statement is true or false.
Centralized parties tend to be more __________
a. conservative b. corrupt c. disciplined d. wealthy
The ______ theory of representation holds that elected officials are agents of the majority who elected them to office and thus they should carry out, to the extent possible, the wishes of the majority.
a. delegate b. trustee c. politico d. agent e. popular sovereignty
Answer the following statement(s) true (T) or false (F)
1.The Doha Round is known as the Developing Country Round because it focuses on key objectives of developing countries, such as reducing agricultural subsidies in Europe and the United 2.A common market allows its members to retain different external tariffs 3.Finance has become by far the biggest component of global markets, dwarfing trade and foreign direct investment. 4.A managed float (or “dirty float”) is an exchange rate that is kept within a certain range through government intervention.