Which of the following is always considered an excludable good?
a. Public goods
b. Toll goods
c. Common goods
d. rRvalrous goods
b. Toll goods
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After the economic collapse of 2008,
a. the administration of George W. Bush took no economic action. b. the administration of George W. Bush took over two automobile companies and seized bailed banks. c. the administration of George W. Bush purchased the nation's largest insurance company (AIG). d. Both options (b) and (c) are true.
George H. W. Bush, who famously said, "Read my lips. No new taxes,"
A. kept his promise, but it cost him reelection. B. closed down many loopholes, which was equivalent to raising taxes. C. attempted to prevent new taxes, but Congress overruled his veto. D. kept his promise, thereby improving the economy. E. approved new taxes.
Which of the following limits the president to two terms of office under most circumstances?
a. the custom of presidents only running for two terms b. the Presidential Succession Act of 1949 c. Article II of the Constitution d. the First Amendment e. the Twenty-second Amendment
The recall of Governor Gray Davis in 2003 was the first successful recall of a governor in the state's history.
Answer the following statement true (T) or false (F)