Lowering the discount rate would have which of the following effects?
a. It would decrease the overall rate of taxation.
b. It would discourage banks from increasing their borrowing from the Federal Reserve.
c. It would encourage banks to borrow more and to extend more loans at lower rates.
d. It would increase the amount of federal bonds sold to foreign countries.
Answer: c
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This is the term used to describe the ability of foreigners in mid-19th century China to operate under their own legal systems while in China, and not under Chinese law:
A. domestic necessity B. judicial imperialism C. extraterritoriality D. foreign jurisdiction
After a policy agenda is determined, the next question to be handled by government refers to
A. the implementation of public policy. B. how policy options are to be determined. C. the political socialization of the public. D. the political recruitment of the public.
The ability of the business elite to deal directly with high-ranking government administrators to influence implementation of policy is called
A) nepotism. B) patronage. C) cronyism. D) elite access.
Which group of legislators have extensive appointment power over boards, commissions, and legislative committees?
A) presiding officers B) the floor leaders C) legislative whips D) senate and house clerks