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Chapter 17: Economic Policymaking
True/False
True/False
This activity contains 15 questions.
Access to information in the new economy tends to be evenly distributed among social groups in America.
True
False
Americans tend to favor the concentration of economic power in the hands of bigger, more efficient corporations.
True
False
Antitrust policy is the only way in which the government is able to regulate business.
True
False
Democracy regularly facilitates an economic policy that looks after general rather than specific interests.
True
False
Fiscal policy is shaped mostly by the Congress and the president.
True
False
In general, liberals would favor letting business and the free market create new jobs and prepare people for them.
True
False
Recent rises in inflation can be tied to soaring prices for energy.
True
False
Right-to-work laws allow workers to enjoy the benefits of union negotiations without contributing dues to support the union.
True
False
Some American corporations control assets larger than the governmental budgets of most of the world's nations.
True
False
The Bureau of Labor Statistics measures the unemployment rate as the total number of adults without jobs.
True
False
The federal government has always been just a silent partner in American business.
True
False
The federal government has largely ignored the plight of consumers.
True
False
The instruments for controlling the economy are relatively easy to use.
True
False
The president has the ultimate influence over the policies of the Federal Reserve System.
True
False
Unlike most policy-making in the United States, the power to make economic policy is highly centralized.
True
False
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