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Terms in this set (145)
Which of the following is not a way that the government maintains economic prosperity?
(a) Defining and enforcing property rights and contracts.
(b) Correcting market failures and providing public goods.
(c) Enforcing regulations to encourage consumer and investor confidence.
(d) All of the above are ways that the government maintains economic prosperity.
(e) None of the above are ways that the government maintains economic prosperity
(a) Defining and enforcing property rights and contracts.
(b) Correcting market failures and providing public goods.
(c) Enforcing regulations to encourage consumer and investor confidence.
(d) All of the above are ways that the government maintains economic prosperity.
(e) None of the above are ways that the government maintains economic prosperity
Which of the following statements is the most accurate?
(a) The free market, if left alone, always provides the ideal outcome for the community.
(b) If there was no government, the economy would function a lot more efficiently and most
people would be a lot richer.
(c) If there was no government, the economy would not function very well and most people would
be a lot poorer.
(d) Americans pay higher taxes than people in any other country.
(e) Middle class Americans pay most of the income tax collected by the government
(a) The free market, if left alone, always provides the ideal outcome for the community.
(b) If there was no government, the economy would function a lot more efficiently and most
people would be a lot richer.
(c) If there was no government, the economy would not function very well and most people would
be a lot poorer.
(d) Americans pay higher taxes than people in any other country.
(e) Middle class Americans pay most of the income tax collected by the government
Which of the following statements is the most accurate?
(a) Government can encourage the sale of more goods with positive externalities by offering tax
breaks and subsidies, or by requiring that people purchase them.
(b) The government cannot do anything to influence the amount of goods with positive
externalities that are sold.
(c) A warm coat would be an excellent example of a good with a positive externality.
(d) A warm coat would be an excellent example of a good with a negative externality.
(e) None of the above are accurate.
(a) Government can encourage the sale of more goods with positive externalities by offering tax
breaks and subsidies, or by requiring that people purchase them.
(b) The government cannot do anything to influence the amount of goods with positive
externalities that are sold.
(c) A warm coat would be an excellent example of a good with a positive externality.
(d) A warm coat would be an excellent example of a good with a negative externality.
(e) None of the above are accurate.
Which of the following statements is the most accurate?
(a) Both the constitution of the United States and that of the state of California establish a federal
system.
(b) Initiatives can result in propositions appearing on the state ballot in California, but there is no
such thing on the federal level.
(c) The members of the California state legislature and the members of the U.S. Congress are all
subject to term limits.
(d) Both the president and the governor of California have the power to use a line-item veto.
(e) Voters in California can elect only two executive branch officials on the state level, and two on
the federal level. All other executive branch officials are appointed.
(a) Both the constitution of the United States and that of the state of California establish a federal
system.
(b) Initiatives can result in propositions appearing on the state ballot in California, but there is no
such thing on the federal level.
(c) The members of the California state legislature and the members of the U.S. Congress are all
subject to term limits.
(d) Both the president and the governor of California have the power to use a line-item veto.
(e) Voters in California can elect only two executive branch officials on the state level, and two on
the federal level. All other executive branch officials are appointed.