Which of the following is a value of democracy not shared in principle by most people?
a. Majority rule
b. Participatory democracy
c. Universal, or near-universal, right to vote
d. Free exchange of political ideas
ANS: B
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The name for the federal agency with appointed, long-serving board members that sets monetary policy in order to keep inflation in check and encourage economic growth.
A. Congressional Budget Office (CBO) B. Federal Reserve (Fed) C. Office of Management and Budget (OMB) D. Council of Economic Advisors (CEA)
The 2016 presidential campaign is noteworthy for
A. witnessing the nomination of the first African American candidate for president by a major party. B. witnessing the nomination of the first female candidate for vice president by a major party. C. being among the briefest and least expensive ever held. D. witnessing the nomination of the first female candidate for president by a major party. E. None of these answers is correct.
Dictatorship of the proletariat means that ________.
a. the workers rule b. all the people rule c. Marx rules d. the Communist Party rules
Production taxes on oil and natural gas are known as
a. income tax. b. franchise tax. c. property tax. d. severance tax. e. sales tax.