Which of the following is the largest of the regulatory agencies, one that enforces regulations and rules concerning air and water quality, as well as hazardous materials?
a. Federal Trade Commission (FTC)
b. Consumer Product Safety Commission (CPSC)
c. Environmental Protection Agency (EPA)
d. Securities and Exchange Commission (SEC)
e. Department of the Interior
ANS: C
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Representative democracy requires that most public officials be elected.
Answer the following statement true (T) or false (F)
All of the following were identified as values of American society except for ______.
a. liberty b. welfare c. effectiveness d. security
According to the Laffer curve, which of the following statements is true?
a. A sufficiently high tax rate encourages productivity. b. Cutting taxes will suppress the economy. c. If the government cuts marginal tax rates, revenue goes down. d. If the government raises marginal tax rates, revenue goes up.
Which of the following is true of the Great Compromise?
A. It allowed state legislatures to choose House members. B. It created the mechanism to end slavery. C. It allowed for recognition of the United States by Great Britain. D. It established the present structure of Congress.