Felipe Caldern was able to consolidate his hold over power in Mexico despite his winning the presidency by a narrow margin in 2006 due to
a. U.S. support for his administration.
b. Vicente Fox's selection of Caldern as the National Action Party's (PAN) presidential candidate.
c. Lopez Obrador's refusal to concede defeat, which divided Mexico's political opposition.
d. the support of the Institutional Revolutionary Party (PRI).
e. his effective policies fighting Mexican drug cartels.
Q. 2In 1978, California voters passed Proposition 13, which significantly cut property taxes and is credited with kicking off a taxpayer revolt across the nation.
a. True
b. False
Indicate whether the statement is true or false
Q. 3Since becoming the sole superpower in the world, the United States has gained an even greater share of GDP.
a. True
b. False
Indicate whether the statement is true or false
Q. 4How did Presidents Miguel de la Madrid and Carlos Salinas confront Mexico's economic crisis of the 1980s?
a. By borrowing against Mexico's expected future income from oil exports
b. By recommitting the country to the previously successful import-substitution industrialization model of economic development
c. By opening Mexican markets to foreign trade and by limiting the role of government in the economy
d. By opening Mexican markets to foreign trade and nationalizing key industries
e. By imposing new taxes to boost government revenue
Q. 5The concept of elasticity with respect to taxation holds that tax yields should be automatically responsive to changes in economic conditions. For example, as per capita income grows, revenues should also increase without increases in the tax rate.
a. True
b. False
Indicate whether the statement is true or false
Q. 6The United States policy that asserts the country's right to engage in a preemptive action when an imminent danger of an attack exists is called containment.
a. True
b. False
Indicate whether the statement is true or false
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