Laissez-faire economics holds which of the following to be true?
a. The government should actively intervene in the economy.
b. The government should not take an active role in the economy.
c. The government should do everything possible to reduce unemployment.
d. The government should lower interest rates during a recession.
b
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Which of the following best summarizes the relationship between development aid and economic growth?
A) Aid most often retards economic growth. B) Big gains in economic growth can follow substantial donations of aid. C) Economic growth often follows the receipt of large amounts of aid. D) No one has really looked at the relationship between receiving aid and future economic growth. E) The relationship is complex and may depend on the type of government receiving the aid.
According to federal law, what is the current maximum limit that a political action committee can contribute to an individual candidate’s campaign?
a. $250 b. $1,000 c. $5,000 d. $100,000 e. $1 million
According to Abernathy, before a society can create an economic policy, it must first ______.
a. vote on the scope of government involvement b. create laws on fiscal policy c. examine the proper role of government in regulating economic activity d. have a top-10 GDP in the world
A __________ is a large grant to a state by the federal government with only general spending guidelines
a. block grant b. categorical grant c. formula grant d. unfunded mandate