According to Wade, which of the following was a weakness in the globalization model—which now may need rethinking—that helped cause the crisis?
a. It placed too much emphasis on creating regional and domestic demand.
b. It overemphasized the demand side of the economy, pushing capital accumulation.
c. It overemphasized the supply side of the economy—to the detriment of the demand side.
d. It overemphasized the demand side of the economy—to the detriment of the supply side.
e. It de-emphasized the need for capital accumulation and thus left banks in a liquidity crisis.
Answer: c
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Some political scientists have theorized that realigning elections occur every __________ years
Fill in the blank with the right word.
Which of the following statements provides the best characterization of the members of the White House staff?
a. The White House staff is a loose collection of bureaucrats who are loyal to executive agencies. b. The White House staff is composed of individuals personally and politically close to the president chosen specifically to serve the president's needs. c. The White House staff is composed of policy specialists who have little personal loyalty to the president. d. The White House staff is the link between executive agencies in the bureaucracy and Congress.