The checks and balances contained within the Constitution result in which of the following?
a. consolidation of power in the executive branch, since the House and Senate are usually at odds
b. some capacity of each of the three branches to limit the power of the other two
c. a national bank of the United States
d. separation of power so that each branch can operate independently of the others
b. some capacity of each of the three branches to limit the power of the other two
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Typically, the economic adviser with the closest link to the financial community is the
A. chairperson of the CEA. B. secretary of the Treasury. C. director of the OMB. D. chairperson of the Fed. E. deputy director of the OMB.
The federal income tax system in the U.S. is
A) a regressive system B) a progressive system C) a neutral system D) a flat tax
The Framers of the Constitution generally expected that the __________ would ultimately decide the winner of most presidential elections.
A. electoral college B. congressional delegations C. Senate D. House E. Supreme Court
________ refers to a constitutional arrangement in which sovereign nations or states, through a constitutional compact, create a central government but carefully limit its power and do not give it direct authority over individuals
A. Extradition B. Privatization C. Confederation D. National supremacy E. Federalism