Gasoline prices vary significantly in the United States and around the world. Why?
What will be an ideal response?
Answer: An ideal response will:
1. Discuss the price of crude oil and levels of supply and demand. Within the United States, gas prices increase as distance from the source of crude oil increases. Regions that produce crude oil have lower gas prices than those that have to either transport crude oil across states or import oil internationally.
2. Discuss the fact that these differences are minimal in comparison to differences in gas prices between the United States and Europe. Note that European governments have imposed high taxes on fuel to encourage conservation and fuel-efficient technologies. Note that gas taxes in Europe are the equivalent of more than $4 per gallon, while they are less than 50 cents per gallon in the United States.
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The condition of contemporary American political parties has been described as decline, decay, and demise, but a more accurate description may be that parties are enjoying a period of revitalization and rejuvenation
a. True b. False Indicate whether the statement is true or false
Which of the following suggests that presidents deliberately manipulate the economy to engineer their reelection?
A) Election cycle interpretation B) Business cycle interpretation C) Partisan interpretation D) Keynesianism E) Monetarism
According to the United State Census Bureau, the median age of Americans is
A) 18. B) 25. C) 37. D) 47. E) 57.
Most __________ states tend to be more culturally and linguistically homogeneous than ________ states
a. unitary, unicameral; federal. b. federal, unitary; parliamentary c. federal, bicameral; presidential d. bicameral, presidential; unitary e. unitary, unicameral; parliamentary