Answer the following statement(s) true (T) or false (F)
1. Critics of a constitutional amendment to balance the federal budget contend that it would reduce or eliminate the ability of fiscal policy to counteract a recession.
2. The crowding-out effect tends to enhance the ability of fiscal policy to combat a recession.
3. Because tax receipts have typically exceed government expenditures, the U.S. government has generally run a budget surplus during the past 50 years.
4. The issuing of new money would likely reduce the crowding out of investment by an expansionary fiscal policy.
5. During the 1980s, supporters of supply-side economics argued that the United States was on the declining portion of its Laffer curve.
1. T
2. F
3. F
4. T
5. T
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The Texas Constitution establishes limited-purpose local governments with taxing authority known as _____
a. municipalities b. general-law cities c. unincorporated townships d. special districts e. counties
The system in Mexico where the Spanish Crown granted tracks of land to Spaniards was called:
a. encomienda b. hacienda c. ejido d. conquistadores
Why did the League of Nations fail? (Choose all that apply.)
a. The Soviet Union did not join, so the League of Nations never achieved a preponderance of power. b. The League of Nations failed to provide credible military commitments to defend all members. c. The principle of unanimity was undercut by the fact that all states had veto power, so the aggressor state could veto any resolution. d. The Covenant of the League of Nations was based on the agreement reached at the Congress of Vienna after the Napoleonic Wars that decentralized military power.
A perceived problem with Republican Hispanic candidates in 2016 was their viewpoint on the issue of ______.
a. health care b. education c. immigration d. drugs