Welfare is one of many programs that falls under the heading of domestic policy
Indicate whether this statement is true or false.
Answer: TRUE
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When collectivism is emphasized, an individual's right to do something may be restricted on the grounds that it runs counter to "the good of society."
a. true b. false
_________ involves changing the amount of money in circulation to affect interest rates, credit markets, the rate of inflation, the rate of economic growth, and the rate of unemployment.
A. Monetary policy B. Fiscal policy C. Zero interest-rate policy D. Keynesian policy
Which of the following best describes the role of the Japanese government in its economy?
a. It was very interventionist prior to World War II but the occupation forced the government to adopt laissez-faire policies that have remained in place to this day. b. It has always played a major role serving as both patron and protector of domestic industry. c. It has acted as the patron and guardian for domestic industries since the Meiji period. d. Its adoption of a "wartime command economy" during World War II was an aberration as the government had traditionally adopted a laissez-faire stance. e. It began to act as a patron and protector of domestic industries only after the end of the Allied occupation in the 1950s.
The net effect of the Supreme Court decisions in McCulloch v. Maryland and Gibbons v. Ogden was ______.
A. reversing its ruling in Marbury v. Madison B. protecting the policy responsibilities of the states via the Tenth Amendment C. restructuring the meaning of the Seventeenth Amendment D. creating a powerful precedent that allowed future national policy to develop free of the constraints of state prerogatives