All of the following about the U.S. deficit is true EXCEPT
a. Running a deficit—bringing in less than is spent—can be beneficial in the short run as it allows the government to borrow money to help stimulate the economy.
b. Unlike the national government, most state governments do not have the ability to continually run a large annual deficit.
c. The size of the national debt could slow national economic growth because it diverts money that could be spend on private sector activities.
d. In 2014, the national government will spend about $230 billion in interest on a national debt that is about $17.5 trillion.
e. The term national debt refers to the gap between income and expenditures run by the federal government.
e
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For which of the following U.S. presidential elections was there the lowest election voter turnout in American history?
a. 1992 b. 1996 c. 2000 d. 2004 e. 2008
All else being equal, the less ______ a tax is, the more acceptable it will be to the public.
Fill in the blank(s) with the appropriate word(s).
According to Alexander Hamilton, the Judiciary is the least dangerous branch of government because it has no power of the _________________ or ______________
Fill in the blank(s) with the appropriate word(s).
A republic is a government in which a system of representation operates.
Answer the following statement true (T) or false (F)