By 2008, which of the following facts was becoming clear?
a. Bankers failed to agree on the need for a bailout.
b. Large numbers of Americans were wary of using taxpayer dollars to fund a bailout.
c. The $700 billion dollar bailout plan was Wall Street’s only hope.
d. A grassroots movement was demanding a financial bailout solution.
b. Large numbers of Americans were wary of using taxpayer dollars to fund a bailout.
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The giant floating garbage dumps in the Pacific Ocean are unlikely to be cleaned up or properly disposed. This best illustrates what concept?
A) The Malthusian Dilemma B) The Prisoner's Dilemma. C) The resource curse D) The time horizon problem E) the tragedy of the commons
In 1934, Congress created which body to regulate the use of the airwaves?
a. Federal Trade Commission— b. Equal Opportunity Commission c. Federal Communications Commission d. Department of Media Communications
In which way did President Ronald Reagan contribute to the expansion of the federal bureaucracy?
a. The Department of Defense b. Social Security Administration c. The Department of Homeland Security d. Medicaid
Which of these statements best describes the possible effect of efforts by the Federal Reserve Board to lower interest rates?
a. They can lead to lower capital gains tax rates. b. They can lead to higher unemployment in years of budget deficits. c. They can spur economic growth by increasing the cost of money for business. d. They can spur economic growth by increasing the available money supply.