Which is true of federal grants given to state and local governments?
a. They are exclusively for projects that promote federal policy.
b. They do not have to be repaid.
c. They are awarded based on states' economic performance.
d. They represent the smallest portion of state revenue sources.
b. They do not have to be repaid.
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The New Deal is best characterized as
a. a reform of the capitalist system. b. a series of provisions adopted suddenly. c. using Keynesian economics to protect the economy. d. all of the above.
Because of NAFTA, an American business owner may be able to save money through which of the following?
a. by setting up a shell corporation in the Cayman Islands to avoid U.S. taxes b. by moving a manufacturing plant from the United States to Mexico, where labor is cheaper c. by purchasing cheap goods from China without paying taxes or tariffs d. by outsourcing customer service jobs to India
What is satisficing?
What will be an ideal response?
Which of the following is NOT a hypothesis?
a. Higher GDP per capita is associated with higher levels of happiness. b. The higher the level of trust among citizens in a country, the lower the homicide rate. c. Authoritarian governments are more successful at promoting economic growth than democratic ones. d. Income inequality has increased in the United States since 1980.