An exchange rate is said to be "floating" when _____
a. currency speculators predict that the rate will vary widely
b. the rate changes depending on the dynamics of supply and demand
c. the rate is set by a government that exhibits frequent policy changes
d. the value of the currency is artificially bolstered by a high inflation rate
Correct Answer: b
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Which of the following is a characteristic of a bureaucracy that is hierarchical in nature?
a. There is no chain of command. b. It has an inverted pyramid-shaped structure. c. Employees report directly to the agency head. d. Employees report to the person who is at the immediate next highest level.
In the Gratz and Grutter cases, the Supreme Court
A) found a constitutional violation in the affirmative action plan of both the law school and the undergraduate university. B) found a constitutional violation in the law school affirmative action plan. C) found no constitutional violation. D) upheld the affirmative action plan as practiced by the law school. E) upheld the affirmative action plan as practiced by the undergraduate university.
The basic standard of substantive democracy is that government must guarantee
A) economic rights. B) civil rights and liberties. C) social equality. D) economic rights, civil rights and liberties, and social equality. E) None of these choices is true.
Open-ended questions are preferable to closed-ended questions in which of the following situations?
A. Responses are mutually exclusive but not exhaustive. B. The number of respondents is very large. C. There is little time to review questions before data collection. D. The range of responses cannot be anticipated.