Which of the following is the best description of a negative externality?
a. an economic transaction that favors the buyer
b. an economic transaction that favors the seller
c. prices for a product that taxes force beyond the affordable reach of those earning an average income
d. an unintended cost imposed on someone not involved in an economic transaction
d. an unintended cost imposed on someone not involved in an economic transaction
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You want to convince the president to use the strategy of "going public." Which statement could you use as an example of this strategy used effectively?
a. Theodore Roosevelt used the "bully pulpit" to empower the Interstate Commerce Commission to regulate shipping rates for railroads. b. Franklin Roosevelt claimed a popular mandate to propose legislation that would have increased the number of justices on the Supreme Court. c. John F. Kennedy's rating surged thirteen points in 1962, when the U.S. set up a blockade around Cuba. d. Barack Obama enjoyed an approval rating of 68 percent when he first took office in 2009. e. Richard Nixon claimed executive privilege as his excuse during the Watergate scandal.
The decision by Congress to only appropriate $170 million of the $270 million for military assistance in Rwanda demonstrated the ability of Congress to use appropriation power to __________
A) prevent military action B)enhance military strategy C) empower unilateral military action D) increase military efficiency
In order to stagger the elections of senators, the Senate was divided into ______ “classes.”
a. 2 b. 3 c. 4 d. 5
Give two significant examples to illustrate each of the ways in which the federal government affects the political economy of the United States.
What will be an ideal response?