A key principle of Adam Smith's economic theory was that
A) human behavior is inherently irrational.
B) government should not interfere in the economy.
C) monopolies promote economic well-being.
D) mercantilism is the only viable economic system.
E) laissez faire was a dangerous econo-political theory.
Ans: B
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As president of the Confederacy, Jefferson Davis was
A) lazy. B) an ineffective administrator. C) an inspirational leader. D) pleasant to work with.
Which of the following best expresses prevailing thought in 1929 concerning economic depressions?
a. Massive government aid to business is the best way to overcome a depression. b. Economic downturns are natural and simply must be allowed to run their course. c. The proper course during a depression is to lower tariff levels and raise taxes. d. The key to overcoming a depression is to raise interest rates.
What did George McClellan and other Peace Democrats want?
(A) To punish the South for causing the Civil War (B) To end the war and let the South go (C) To make Kansas a slave state (D) To fight only a limited war, not a total war, against the South
After the Revolutionary War, why did many American Loyalists who returned to England feel betrayed?
A) They were treated as second-class citizens in England. B) They were denied any monetary compensation for their sacrifices. C) They were viewed as traitors by the native-born English. D) They were viewed as foreigners by the native-born English. E) They were put in prisons because they would not pay their debts.