Answer the following statement(s) true (T) or false (F)
1. A Keynesian diagnosis of economic downturn blames lack of demand and suggests that the solution is minimal intervention.
2. The economic model of Germany is best defined as liberal market economy.
3. Globalization is the rapid increase in the flow of economic activity, technology, and communication around the globe.
4. The Japanese model of regulated capitalism is known as the developmental state.
1. False
2. False
3. True
4. True
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Economic nationalism attempts to
a. reduce barriers to trade for the purpose of expanding global wealth. b. minimize trade in favor of domestic production of all goods and services. c. enhance the economic competitiveness of certain domestic industries. d. gain trade partners with a comparative advantage.
Define lobbying and give the primary objectives of those who engage in lobbying. Who are some of the individuals who often become lobbyists in Texas, and does it matter?
What will be an ideal response?
The commission form of government combines the __________ functions in the offices of various city commissioners.
A. executive and judicial B. legislative and judicial C. judicial and mayoral D. legislative and administrative
Cummings and Wise argue that the technology of the nuclear age and the growth of government in a modern industrial society have combined to concentrate such great power in the office of the president that there are no longer any effective institutional checks on that power
Indicate whether the statement is true or false