Which of the following statements is FALSE?
A) In the American economy, government directly determines wages, prices, and profits.
B) Public policy in America has economic effects through regulations, tax advantages, subsidies and contracts, and international trade.
C) Even a minor change in government regulatory policy can cost industries a great deal or bring increased profits.
D) How the tax code is written determines whether people and producers pay a lot or a little of their incomes to the government.
E) B and D only
Ans: A) In the American economy, government directly determines wages, prices, and profits.
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During his first campaign for president, Barack Obama proposed
A. English as the national language, to discourage illegal immigration. B. ending birthright citizenship for the children of illegal immigrants. C. a new minimum wage that would apply only to illegal immigrants. D. giving illegal immigrants a path to citizenship. E. English as the national language, to discourage illegal immigration, and ending birthright citizenship for the children of illegal immigrants.
The __________ is the authority of the central government to take over state governments under certain conditions
a. swaraj b. president's rule c. universal doctrine d. emergency powers act
Individuals' incentives can lead them to avoid taking actions that are best for the group as a whole. This phenomenon is known as which of the following?
a. majority-minority voting b. collective action problem c. cycling d. gerrymandering e. filibustering
State officials attempted to delay desegregation on the grounds that it would endanger public safety
Indicate whether this statement is true or false.