Elections allow citizens, as principals, to pick their agents and to fire and replace those whose performance falls short.
Answer the following statement true (T) or false (F)
True
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The Cold War was a period of tense diplomacy between the United States and ________ that threatened an actual war and a period of intense competition in the areas of science, technology, and nuclear weapons
a. the Soviet Union b. China c. India d. Vietnam
The occurrence of stagflation during the 1970s demonstrated which of these points about the economy?
a. Tax cuts do not automatically reduce government revenue. b. Inflation is not necessarily accompanied by economic growth. c. Government policy can do little to impact economic performance. d. The private sector does not respond quickly to changes in government policy.
Which of the following is true in a balanced government?
a. No single interest dominates. b. The president and Congress have no shared powers. c. State governments can veto laws of the national government. d. The people must approve constitutional amendments by popular vote.
Arrange the following economic systems from the one with most government oversight to the one with the least oversight.
a. laissez-faire, capitalist, socialist, communist b. capitalist, communist, laissez faire, socialist c. socialist, capitalist, communist, laissez-faire d. communist, socialist, capitalist, laissez-faire