Which of the following is an implied power of the federal government?
a. admitting new states
b. coining money
c. creating banks
d. establishing federal courts
c
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Those who argue that authoritarian political systems in
less-developed countries produce faster economic growth than democracies say that authoritarian systems: a. are more likely to invest in low-yield projects. b. are less likely to invest for the long term. c. are better at controlling ethnic conflicts that can disrupt economic growth. d. create less stable investment climates for local investors.
Which of the following is the correct term to describe an organization created to seek benefits on behalf of groups or persons who are in some way incapacitated or otherwise unable to represent their own interests?
a. political action committees b. advocacy groups c. labor unions d. professional associations e. common cause groups
Which of the following groups is more likely than the others to affiliate with the modern Democratic Party?
A. Millennials B. White evangelical protestants C. Cuban Americans D. Americans over age 65 E. Wealthy men
Answer the following statement(s) true (T) or false (F)
1. Desirable economic outcomes are easily attained through systematic application of economic and fiscal principles. 2. Managing the nation’s economy can be complicated by the myriad of competing variables involved. 3. Fiscal policy focuses on policies of taxation and spending. 4. The United States has a pure laissez-faire form of economy. 5. America’s economy is best described as a laissez-faire type of economy.