What is fiscal policy?
Answer:
An ideal response will:
1. Define fiscal policy, which is the government's use of taxation and spending policy to affect economic growth in the United States.
2. Explain how increasing or decreasing taxes speeds or slows economic growth.
3. Explain how increasing or reducing government spending affects the economy and the rate of unemployment.
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Terrorism is the use of violence to demoralize and frighten a country's population orgovernment
Indicate whether the statement is true or false
Which international organization has the United States as its largest shareholder and works to promote economic development?
a. GATT (General Agreement on Tariffs and Trade) b. WTO (World Trade Organization) c. IMF (International Monetary Fund) d. World Bank
What international lending institution was created after WWII to promote currency stability and help rebuild Europe?
a. GATT (General Agreement on Tariffs and Trade) b. WTO (World Trade Organization) c. IMF (International Monetary Fund) d. World Bank
Which of these is an example of direct democracy?
a. A small town's school board approving a new high school design b. The state legislature voting to increase funding for school construction c. The Senate confirming a new head of the U.S. Department of Education d. Voters at an annual town meeting deciding whether or not to build a new high school