Fiscal policy mainly concerns
a. the variety of ways by which government policies affect markets for goods and services.
b. the supply of money and the level of interest rates.
c. spending and taxes.
d. the total value of goods and services that people produce in the nation.
e. imports and exports.
ANS: C
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During the nineteenth century, Britain's repeal of _____________________ represented an early victory for the advocates of free trade
Fill in the blank(s) with correct word
Answer the following statement(s) true (T) or false (F)
1. Older individuals make more money than younger individuals is an acceptable explanation for an observed difference in income between older and younger workers. 2. A politician claiming that lowering tax rates produces higher revenues is a valid hypothesis. 3. Climate change is related to human activity is a valid hypothesis. True or false? 4. Is the statement that individuals with advanced college degrees are more politically tolerant than individuals without college degrees an example of a valid hypothesis? 5. A valid hypothesis must clearly state the relationship between the independent variable and the dependent variable.
Which of the following statements is true of federalism?
a. Power is concentrated at the national level. b. The state government does not have its own executive branch. c. Legislative powers can be withdrawn from the states by the president. d. Both national and state governments have authority over their citizens.
Globalization
A) is no longer present. B) is illegal. C) has not affected the United States. D) avoids economic concerns. E) affected the United States in terms of preeminence.