Answer the following statement(s) true (T) or false (F)
1. The Federal Reserve rate is the interest rate the Federal Reserve charges on loans to the government.
2. Deflation is a good thing.
3. A humanist is an idealist who is interested in and motivated by concern for the broader human condition and the quality of people’s lives.
4. Laissez-faire capitalism is an economic system characterized by very little, if any, government involvement in the economy.
1. False
2. False
3. True
4. True
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__________ budgeting demands justification for the entire budget request of an agency, not just its requested increase in funding
a. Continuing b. Discretionary c. Incremental d. Zero-based
Why did the British reorganize their colonial system after 1763?
a. The French and Indian War left the British with a sizable war debt. b. The Americans asked the British for a better system of government. c. The British were afraid the Americans were about to declare their independence. d. The British wanted to remodel their colonial system along the lines of the French model, which proved more effective during the war. e. The British wanted to sell their colonies to France.