If Congress does not agree on a final budget by the time a new fiscal year begins, it may be forced to pass a(n) ______________ to allow the government to keep running while final budget negotiations continue.
A) continuing resolution
B) appropriations act
C) settlement bill
D) article of impeachment
E) declaration of intent
Q. 2Which political party has a hands-off philosophy about government?
A) Democrats
B) Libertarians
C) Republicans
D) Independents
Q. 3The fiscal year for the federal government is _________________.
A) January 1 through December 31
B) the first Monday in November through October 1
C) July 1 through June 30
D) the first Monday in February through October 1
E) October 1 through September 30
Q. 4On social issues, which ideology tends to view change suspiciously and prefers the status quo?
A) Conservatism
B) Libertarianism
C) Pragmatism
D) Idealism
Q. 5A country that sells more in exports than it buys in imports in a given year has ________.
A) a budget deficit
B) a budget surplus
C) a trade deficit
D) a trade surplus
E) balanced trade
Q. 6In the late nineteenth century, the Democratic Party was seriously challenged by which third party?
A) Socialist
B) Green
C) Populist
D) Reform
Q. 7The Dow Jones Industrial Average is ________.
A) the sum total of all stocks' values
B) an indicator of the condition of the stock market
C) a tool used by the Federal Reserve to set interest rates
D) a statement on industry expectations about the national debt
E) the expected revenues from business taxation
Quick Reply
