Which of the following concepts was outlined in Adam Smith's book The Wealth of Nations?
a. People must submit to a government with absolute power.
b. A state's power is based on the equality of its people.
c. People enter into a social contract with government to protect their "natural rights.".
d. Supply and demand is the most efficient was of meeting society's needs.
d
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The Department of Education
A. dictates school curriculum across the country. B. was created to give the federal government a majority control over school funding. C. was created in the 1930s as part of the New Deal. D. is one of the largest executive departments. E. None of these answers is correct.
What is the outcome of very high inflation or hyperinflation?
a. The nations will have a balance of trade surplus. b. The nation's exchange rate increases compared to other currencies. c. Arbitrage of that nation's currency increases. d. The currency of the nation becomes basically worthless.
Which of the following is an example of a law that would pass the reasonableness standard, as it's clearly applied on a rational basis that is not arbitrary?
A) Laws requiring somebody to be 21 to legally purchase alcohol B) Laws setting different ages at which men and women can legally buy beer. C) Laws barring one religious group from solicitation. D) State laws setting different ages at which men and women legally become adults. E) Women being barred from jobs by height and weight requirements.
According to its critics, what is one of the problems with the democratic peace theory?