Answer the following statement(s) true (T) or false (F)
1. One of the insights from the Exit, Voice, and Loyalty game is that it can be difficult to figure out who has power and who does not simply by observing their actions in the real world.
2. The Exit, Voice and Loyalty game explains the difficulty in the U.S. automakers receiving a bailout following the financial crisis compared to the financial sector by stating that the state was not dependent on the support of the automakers.
3. The Exit, Voice and Loyalty game explains the difficulty in the U.S. automakers receiving a bailout following the financial crisis compared to the financial sector by stating that the automakers did not have a credible exit threat.
4. A scientific statement must be falsifiable.
5. Science is a collection of facts—it tells us what we know about the world.
6. Statements that cannot ever be tested must be wrong.
1. True
2. False
3. True
4. True
5. False
6. False
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Indicate whether the statement is true or false
Discuss how the Federal Reserve (Fed) can use monetary policy to affect the economy. What is the impact of this action?
What will be an ideal response?
A country that sets high tariffs on imported goods while subsidizing its own exports can be said to have ______ trade policies.
a. free market b. fair c. comparative advantage d. beggar-thy-neighbor
Even when the public's opinion on a policy is unknown, it may have an effect on the actions of politicians because they guess how the public might respond and act accordingly. This phenomenon is called the
A) law of opinion. D) law of influences. B) law of anticipated reactions. E) law of authority. C) strategy of public opinion.