Identify the different resources/factors that make up the U.S. economy.
What will be an ideal response?
• People and natural resources
• The utilization of resources to produce goods and services
• How goods and services are managed and consumed
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Scholars have identified __________ realigning periods in American politics.
A. two B. three C. four D. five E. six
The process of legislators trading votes on pieces of legislation of unconcern to them in order to get votes from those legislators on issues that matter to their district is called
a. trade-offs. b. logrolling. c. log-splitting. d. scratching-the-back. e. gerrymandering.
Which of the following was a cause of the establishment of new industries in America to provide previously imported goods like cotton, textiles, and iron?
a. The Bessemer process b. The Irish famine c. The War of 1812 d. The Louisiana Purchase
A good method of evaluating a country's amount of national debt, according to the authors, is
A) looking at the raw amount of debt, without any fancy statistics. B) looking at the amount of debt controlling for inflation. C) dividing the debt as a percentage of the amount of U.S. currency in active circulation. D) dividing the debt as a percentage of gross domestic product. E) comparing the net debt load today to the net debt load in the same month, but ten years ago.