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___________ are the positive and negative effects of economic activities on third parties.

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Which of the following statements regarding the role of the federal government in the economy is correct?


A) Economic regulation of industry is the sole responsibility of the secretary of the treasury.
B) Most Americans would prefer an economy completely free of any federal regulations.
C) Since the Great Recession, the scope of federal activity in the economy has contracted.
D) The U.S. Constitution restricts direct regulation of the economy to state governments.
E) Presidential election outcomes are heavily influenced by the health of the economy.

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What portion of the federal government is responsible for monetary policy, and how does it affect the economy?

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An ideal response will:
1. Identify the ...

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Under which of the following conditions would increasing the age at which people become eligible for Medicare make sense?


A) if life expectancy decreases
B) if life expectancy increases
C) if Medicaid expands to include a greater number of people
D) if the Affordable Care Act, colloquially known as Obamacare, is repealed
E) if the Affordable Care Act, colloquially known as Obamacare, is strengthened

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Which of the following is true of Social Security benefits and tax receipts over time?


A) Benefits and tax receipts have increased.
B) Benefits have increased, but tax receipts have declined.
C) Benefits have decreased, but tax receipts have increased.
D) Benefits and tax receipts have decreased.
E) Benefits and tax receipts have been stable.

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President Lyndon Johnson avoided addressing problems of poverty.

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The primary purpose of deregulation is to ___________ the amount of government activity in the economy.

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How has welfare been restricted in the past two decades?

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An ideal response will:
1. Discuss why A...

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