Which of the following is NOT true about the U.S. economic policy?
a. A key American economic principle is that economic success is tied to a free market.
b. American government intervention in economic matters is limited by its commitment to the principle of laissez-faire.
c. U.S. policy-makers have tended to cede power to private actors who are not necessarily concerned with the impact of their activities upon the broader economy.
d. With the formation of the Federal Reserve Board in 1913, the national government increased its ability to regulate the U.S. economy.
e. Interstate and foreign commerce are regulated by the national government.
d
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The Constitution specifically affords presidents the power to solicit the advice of the principle officers in each of the executive departments, who also serve as key advisers known as
a. the Joint Chiefs of Staff. b. the cabinet. c. the Executive Office of the President. d. the executive bureaucracy. e. the President’s Council of Advisors.
Although Japan was highly vulnerable to oil price shocks, it responded more quickly to changes in world oil markets than the U.S., suggesting that __________
a. Japan had more capacity, as a society, to respond quickly to change, making vulnerability less of an issue b. a commitment to technological innovation of the sort that Japan had is crucial to overcoming economic vulnerability c. vulnerability, over the long term, is linked to how states and societies can react and adapt to economic changes d. the U.S. was less vulnerable to oil price shocks, giving it less of a need to adapt to long-term changes in the oil markets
In 1974, the draft constitution prepared by the constitutional revision commission
A) was passed by the state legislature at the constitutional revision convention. B) fell three votes short of passage at the constitutional convention. C) dissolved state government until a new constitution was written. D) proposed amendment to the U.S. Constitution.
The Polish Roundtable Talks of 1988 resulted in which of the following?
A. the legalization of the independent trade union B. cautious moves toward easing censoring and legalizing an independent trade union C. Nothing. No compromise was reached. D. The country’s name was changed.