Which amendment gave Congress the power to levy and collect taxes on incomes without apportioning them among the states?
a. Seventeenth
b. Sixteenth
c. Fourteenth
d. Tenth
Answer: b
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What instrument does the federal government use to borrow money?
A) market stocks B) the GNP C) IRAs D) private bank loans E) U.S. Treasury bonds
The best way for Federal Reserve Board officials to help boost a stagnant economy is to
a. raise interest rates so that banks can earn more money on the loans they provide to individuals and businesses. b. lower interest rates so that banks can provide more loans at cheaper rates to individuals and businesses. c. take money out of circulation so that the dollar becomes more valuable. d. raise the reserve requirement, restricting the amount of cash and negotiable securities that banks must have on hand.
The Persian Constitutional Revolution
a. resulted in the creation of the position of supreme leader. b. was the first movement of its kind in the Middle East. c. led to long-term democratic changes. d. prevented any form of alliance between the Iran and the West.
Medicare funds basic medical expenses for the __________
a. very young b. elderly c. poor d. government officials