Features of Reagonomics include all of the following except:

Features of Reagonomics include all of the following except:
 a. reduction in marginal tax rates.
  b. increased government expenditures for defense.
  c. deregulation of business.
  d. regular increases in the minimum wage.

Question 2

In the antebellum period, the largest source of employment was:
 a. the agricultural sector.
  b. the manufacturing sector.
  c. government (local, state and federal)
  d. the service industry.

Question 3

Which United States President is most closely linked with The Great Society?
 a. Franklin D. Roosevelt
  b. Lyndon Johnson
  c. Richard Nixon
  d. Ronald Reagan

Question 4

Before 1860, most of the U.S. population lived _____ and most workers _____ .
 a. in small to medium cities; were members of trade guilds
  b. in rural areas; were self-employed
  c. in large cities; were self-employed
  d. in large cities; were employed in mills and factories

Question 5

The Great Society initiative led to the creation of
 a. Medicare.
  b. Rent subsidies for the poor.
  c. the Department of Transportation.
  d. the Department of Housing and Urban Development.
  e. All of the above.

Question 6

High value-added per employee is associated with:
 a. capital intensive industries.
  b. labor intensive industries.
  c. the shoe industry in 1860.
  d. the use of unskilled labor.

Question 7

Which of the following MOST accurately describes the federal budget between 1960 and 2007?
 a. By the end of the period expenditures on health and income security were each greater than expenditures on defense.
  b. By the end of the period expenditures on health and income security were each lower than expenditures on defense.
  c. Defense, income security, and health all grew as a percentage of the federal budget.
  d. As a share of the federal budget expenditures on defense and health grew consistently throughout the period while expenditures on income security fell.

Question 8

The antebellum period was characterized by many changes in tariff rates. What best describes the effect of removing a tariff on foreign cotton textiles?
 a. The total supply curve of textiles would shift back.
  b. The price of both foreign-made and domestic-made textiles would decrease.
  c. The price of foreign-made textiles would decrease and the price of domestic-made textiles would increase.
  d. The total (foreign and domestically produced. quantity of textiles purchased in the US would decrease.
  e. The real income of textile consumers would decrease.

Question 9

During the three decades immediately following World War II,
 a. conservative forces successfully blocked any expansion of New Deal-type programs.
  b. the prevailing liberal ideology led to the passage of legislation that increased Social Security benefits, created Medicare, and increased the minimum wage.
  c. disillusionment with government led to deregulation of airlines and other industries.
  d. most policy makers and the general public rejected Keynesian policies.

Question 10

During the antebellum period U.S. tariffs on imported cotton textiles:
 a. increased profits for British textile producers.
  b. decreased the prices of cotton textiles in the U.S.
  c. were supported by the southern states.
  d. were harmful to U.S. textile producers and their employees.
  e. None of the above is correct

Question 11

What most accurately describes the ratio of federal employment of the total labor force between 1910 and 2007?
 a. Between 1930 and 1945 the federal labor force grew dramatically, but after World War II it shrank below pre-Depression levels.
  b. Since 1910, federal employment has increased consistently at the rate of about 3 per year.
  c. Between 1910 and 1950 federal employment dropped dramatically, but after 1950 it grew consistently.
  d. The share of federal employment in the total labor force peaked briefly above four percent during the Korean War, and then began a steady decline to about the same level as the 1930s.