Explain the principle differences between liberal and the conservative ideologies
What will be an ideal response?
An ideal response will:
Define and contrast liberal and conservative ideology. Liberal ideology generally supports governmental action, and conservative ideology generally believes in limiting government. Give examples.
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According to the textbook, when recession threatens, how does the Fed typically respond?
a. by expanding the money supply and lowering interest rates b. by raising the discount rate and thereby the cost of borrowing by banks c. by raising the prices of certain products in the marketplace d. by raising the reserve requirement of banks and thereby reducing the amount of money they have to loan out
What is the U.S. Supreme Court ruling regarding state obligation to international treaties?
A) States maintain the right to select which treaties they will observe. B) States have no obligation to observe international treaties. C) States must observe international treaties ratified by the United States. D) States must observe international treaties ratified by state legislatures.