Which of the following is NOT a reason the United States taken off the gold standard in the early 1970s?
a. The Vietnam War and the "Great Society" antipoverty programs increased U.S. budget deficits.
b. As the "dollar overhang" grew, foreign investors and governments grew less willing to finance it.
c. The Vietnam War undermined U.S. moral authority.
d. Vast amounts of gold discovered in the Yukon Territory.
d
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An instance in which one segment of society manages to push through a law in one legislative session, only to have another segment build enough support to overthrow the law in the next session, is best considered an example of
A. aristocracy. B. minority rights. C. direct democracy. D. a ruling elite. E. pluralism.
micro view
What will be an ideal response?
Interest groups are protected by the First Amendment, but are a. not held to any special regulations or rules
b. subject to liability rules for individual members. c. subject to rules for lobbyists, tax regulations, and limits to campaign financing. d. afforded unlimited access for partisan activities.
What is the main purpose of monetary policy?
a. to affect how much money is circulating through the economy b. to control the amount of public debt sold to foreign states c. to equalize income disparity among citizens of the United States d. to expand the government's revenue base so as to reduce the deficit