Describe the idea of supply-side economics.
What will be an ideal response?
The fundamental idea of supply-side economics was to increase the supply of both labor and capital so that economic growth would take place. The approach argued that government intervention, especially through high taxes, was the major barrier to full participation of labor and capital in the marketplace and that measures to reduce that role would in the (not very) long run produce rapid economic growth.
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In the Soviet Union, the name for the collective presidency body–the group that collectively shared executive power–was called:
A. the Politburo B. the Presidium C. the Council of Deputies D. the Narodniki
Another term for liberalism in the study of world politics is
a. progressivism. b. idealism. c. anarchism. d. structuralism. e. constructivism.
The first political parties in the United States, the Federalists and Anti-Federalists, had opposing views related to which of the following?
A. Prohibition of the slave trade and slavery B. Importance of economic interests in leaders C. Amount of power that should be granted to the national government D. Types of taxation permitted by the various levels of government E. Role of religion in government
Unions were almost always ______ prior to the 1960s.
a. mandatory b. public-sector organizations c. run by the parties d. private-sector organizations