The institution charged with managing the nation's monetary policy, usually through setting of interest rates, is the
a. General Accounting Office.
b. Federal Reserve Board.
c. National Records Service.
d. Department of the Treasury.
e. Council of Economic Advisors
B
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What did John Tower advocate?
a. He favored a proactive role for the United States in foreign affairs. b. He insisted on a small defense industry. c. He encouraged extensive government power. d. He abolished the practice of abortion.
One of the characteristics of capitalism is __________.
A. its ability to reward highly skilled, innovative individuals B. its ability to ensure an equal distribution of wealth in society C. its ability to minimize inequality in the distribution of wealth in society D. its ability to promote collective bargaining by members of labor associations
Determining a person or group's primary identity is not a straightforward task because
a. thousands of cultures exist. b. many people have multiple identities. c. patriotism is declining in most states. d. of the creation of new political entities like Nunavut. e. the concept of identity is no longer relevant.
Which of the following is an example of bounded rationality?
a. The Japanese leader made a trade agreement with Sweden because doing so gave Japan an economic advantage. b. Because the Japanese leader liked the Swedish leader, he was more willing to make a trade agreement with Sweden. c. The Swedish leader refused to make a trade agreement with Japan because he got a better deal with China. d. The Swedish leader bargained with the Japanese leader for a better trade deal for his country.