Which of the following best describes the term “laissez faire”?
a. a system that forbids private ownership and private enterprise
b. a system that highly regulates private enterprise and property
c. a system that moderately regulates private enterprise and property
d. a system that has no regulation or control of private enterprise
d. a system that has no regulation or control of private enterprise
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Public opinion has the least impact on the decisions of members of Congress regarding which of the following policy or legislative issues?
a. a bill that would trigger tax increases on middle-class homeowners in the following year b. a bill that would provide an exception to the annual privacy notice requirement in the Gramm-Leach-Bliley Act c. a proposal to cut unemployment insurance for American families d. a proposal aimed at improving educational choice and competition
Which of the following is true of the biennial budget system?
a. The comptroller finds it easy to estimate state revenue. b. The national budget is passed once every two years. c. The appropriations bill covers a four-year cycle. d. The actual budget projection period extends to 30 months.
Why did global firms not reject China's demand for investing in Chinese companies, so that China could move up the value chain?
a. Because they wanted to avoid access to China's sizeable market b. In order to take advantage of China's cheap labor force c. So that China would buy billions of dollars' worth of U.S. government bonds that fund the U.S. budget deficit d. So that China could continuing taking advantage of the currency market.
Which of the following best describes the liberal theory of international relations?
a. A theory that rejects the notion of power and self-interest as the only goals of states, and instead focuses onthe importance of international institutions to promote cooperation b. A theory that believes stability can only be obtained through radical and sudden change c. A theory that focuses on our constructions of reality and believes that cooperative or conflictual practices canevolve as our perceptions of reality change d. A theory that is centered around the protection of individual rights to life, liberty, and property