The idealist school of U.S. foreign policy was begun by President ___________________

Answer the following statement(s) true (T) or false (F)

1. Economic policy is a central concern of government. 2. To the extent that government attempts to reduce unemployment, the government may also reduce inflation. 3. In material terms, economic growth in the United States produced an average standard of living that in 2008 was higher than that of the 1950s or the 1980s. 4. Post–World War II economic growth aided the redistribution of income to the less advantaged. 4. Post–World War II economic growth aided the redistribution of income to the less advantaged.

Because of NAFTA, an American business owner may be able to save money through which of the following?

A. by setting up a shell corporation in the Cayman Islands to avoid U.S. taxes B. by moving a manufacturing plant from the United States to Mexico, where labor is cheaper C. by purchasing cheap goods from China without paying taxes or tariffs D. by outsourcing customer service jobs to India