The Department of Energy was created by which President?
a. Richard Nixon
b. Jimmy Carter
c. Ronald Reagan
d. Franklin Pierce
ANS: B
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What does a "spike" in oil prices mean?
a. a sudden sharp decline in prices b. a sudden sharp increase in prices c. a sudden sharp decrease followed by a small increase in prices d. a prolonged increase in prices e. a sudden sharp increase followed by similar decrease in prices
What does the Constitution say in Article VI, Clause 2 regarding state and local governmental activity?
A. It is permitted in actions that do not involve the national government. B. It is unlimited because of fears of a strong national government dating to the Articles of Confederation. C. It is superior to national law. D. It is under the oversight of the legislative branch of the national government. E. It is restricted because of the supremacy of the national government.
In 2016, how much money could a national party give to each candidate or candidate committee, per election?
A. $2,700 B. $45,400 C. $5,000 D. $33,400 E. no limit
Which of the following describes the current account of a balance of payments?
a. The net border flows of goods and services along with government transfers and net income on capital investment b. Capital flows to a foreign country involving the acquisition or construction of manufacturing plants and other facilities c. Transfers of money to buy stocks, bonds, and so on d. The net flows of capital, both portfolio and foreign direct investment, into and out of a country b. Capital flows to a foreign country involving the acquisition or construction of manufacturing plants and other facilities c. Transfers of money to buy stocks, bonds, and so on d. The net flows of capital, both portfolio and foreign direct investment, into and out of a country