American Gov. Comparative Government and Economic Systems Unit Test – Flashcards
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How does the role of the Department of Labor (DOL) in the economy differ from that of the Securities and Exchange Commission (SEC)?
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The DOL protects workers, while the sec oversees the stock market
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How do the realities of NAFTA today differ from the expectations presented in this speech?
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Many high-paying manufacturing jobs have been lost
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This chart shows the final six steps necessary to the passing of a federal budget. Why is the inclusion of step 15 such an important part of the process?
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It insures the ongoing operation federal agencies
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Adam Smith's economy theory, in which all people are free to pursue their own private interests, is known as what?
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Laissez-faire capitalism, which features little government control
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According to this chart, what makes socialism unique from other economic systems?
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Although the state exerts strong control over the economy, individuals also make many important economic decisions
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Which of the following issues is the subject of this political cartoon?
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The impact of government in a mixed economy
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What is the separation of powers between the legislative branch and the executive branch regarding the budget?
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Congress holds "the power of the purse" and the president initiates the budget process by submitting a budget plan
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Judging from the pattern shown on this graph, how will the public debt most likely change from 2013 to 2015?
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It will decrease by more than 2 percent
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Constitutional limits on the federal government's taxing power would prohibit which of the following?
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A tax on the export of aircraft to the Philippines
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How has devolution affected the structure of the United Kingdom's government?
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Under devolution, Scotland, Wales, and Northern Ireland have their own parliaments and create some their own policy
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Which of the following is a true statement of China's constitution?
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It is supposed reflect current governmental policies
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The graphic shows how key positions in the executive and legislative branches of the Russian government are chosen. How is the Russian prime minster chosen?
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The president appoints the prime minister, who must then be approved by the Duma
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Imposing a tariff on imports from other countries in order to safeguard American industry is known as what?
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Protectionism
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Read the following sentence from the textbook that expresses a man idea of China's official policies. Then chose the statement that offers evidence that supports the main idea
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Capital punishment is the penalty for a long list of crimes in China
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What factors described described here would qualify Somalia as an example as a failed state?
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Somalia's government is unable to protect its citizens or defend itself from attack, so there is no stability
