Which statement best explains why budget deficits are common in advanced democracies?
a. The checks and balances system makes compromise on budgets necessary.
b. Legislatures allows the executive branch to take the lead in writing the budget.
c. Legislators approve spending in excess of revenues to benefit their constituents.
d. The voting public tends to discount the negative impact of a large national debt.
c
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A laissez-faire economy is one which is
A) restrictive but fair. B) supported by the general public. C) freely competitive. D) based on rapid industrialization. E) strict, limited and regulated.
The most relevant difference between the United States and North Korea in the eyes of realists is
A) the United States follows capitalism while North Korea does not. B) the United States has a larger military than North Korea. C) the United States is a democracy while North Korea is a dictatorship. D) the United States is a member of NATO while North Korea does not. E) the United States is better integrated into the international community.
Which statement is most accurate about the sources of revenue for local and state governments
Through its ability to select which stories are covered, the media may exert an ______ role by highlighting which issues are worthy of coverage and, as a consequence, worthy of the public’s attention.
Fill in the blank(s) with the appropriate word(s).