Which of the following best describes the term capitalism?
A. It is a set of political beliefs that include the advocacy of active government.
B. It is a concept that holds, at a minimum, that all people are entitled to equal protection under the law.
C. It is an economic system based on the private ownership ofwealth-producingproperty.
D. It is a more popular term for the set of political beliefs known as liberalism.
E. It is an intrinsic property which measures the disregard for material possessions.
Answer: C
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An important outcome of Marshall's ruling in McCulloch v.Maryland (1819) was to
A. place limits on the constitutional powers granted to Congress by refusing McCulloch's appeal. B. give greater power to the states in taxing agents of the federal government, including banks. C. protect newspaper editors who publish stories critical of the federal government. D. restrict the power of the Court in cases involving conflicts between states and the federal government. E. confirm the supremacy of the federal government in the exercise of the constitutional powers granted to Congress.
Taxes that are a greater burden on lower incomes and less so on higher incomes are known as
A) flat taxes. B) progressive taxes. C) regressive taxes. D) nominal taxes.
Cuba became an independent country after the Spanish-American War in __________
a. 1812 b. 1898 c. 1939 d. 1878 e. 1917
The principle of__________, an important part of the checks and balances in the American system of government, was clearly enunciated by Chief Justice John Marshall in Marbury v. Madison
A) picket-fence federalism B) division of powers C) police powers of the states D) judicial review E) states' rights