The laissez-faire approach to economics sees a minor role for governments and treasuries in managing the economy, but no other institution or organization should ever interfere in the markets
Indicate whether this statement is true or false.
Answer: False
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If Congress mandates a raise in the fuel efficiency standards of vehicles produced in the United States, it has adopted a __________
a. fiscal stimulus policy b. microeconomic policy c. monetary policy d. regulatory policy
After World War II, the majority of countries that became communist did so as a result of
a. democratic elections by their citizens. b. returning to their form of government from before the war. c. a vote by the national government. d. having the system imposed as satellites of the Soviet Union. e. revolutions by the proletariat.
The Matthew Shepard Act (2009) was an expansion of the __________
a. Family and Medical Leave Act b. Defense of Marriage Act c. ban on gays in the military d. federal hate crimes statute e. Higher Education Act
What is the relationship between the form of a state's government and economic development?
A) Authoritarianism is necessary for economic development to take place. B) Authoritarianism leads to political stability, which in turn encourages foreign investment. C) Democracy has not accompanied economic development in a systematic or general way. D) States that begin industrializing under authoritarianism but shift to democracy suffer economic decline.