What bureaucracy is responsible for monetary policy? How is monetary policy used to affect the economy?
What will be an ideal response?
Answer: An ideal response will:
1. Identify the key bureaucratic component of the monetary system, which is the Federal Reserve Board.
2. Explain the key measures the Federal Reserve Board can deploy to affect the money supply, including raising or lowering the discount rate, which affects the interest rates that banks offer to consumers.
3. Specify how raising or lowering the discount rate affects the money supply and economic growth.
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What impact has globalization had on the developing world?
a. Globalization contributed to a race to the top that has contributed to unprecedented levels of wealth and freedom. b. Globalization led to a race to the bottom that reduced the quality of life for ordinary people. c. Globalization helped the populations of Thailand and Taiwan, but done little to help those in South Korea. d. Globalization increased the standard of living for the average person, but also increased economic inequality.
Compare the federal form of government to the Articles of Confederation
What will be an ideal response?
Discuss the selection of judges in Texas. What are the strengths and weaknesses of the practice of electing judges? What are the strengths and weakness of the practice of appointing judges?
What will be an ideal response?
Which of the following is most likely to be governed democratically?
a. a public interest group b. a single-issue group c. a business group d. a women's organization