Explain the  differences between the House of Representatives and the Senate with regard to constituencies, terms of office, powers, and political processes.

Which of the Bretton Woods international institutions/organizations is responsible for monitoring and intervening in the global financial system?

a. International Monetary Fund b. World Bank (aka International Bank for Reconstruction and Development) c. World Trade Organization d. International Labour Organization

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

1.Coordination problems decrease as the size of the group increases. 2.President Obama’s 2012 reelection campaign organized its volunteers into smaller teams so they could see their efforts making a difference to counter the free-rider problem. 3.Transaction costs rise sharply as the population whose preferences need to be accounted for increases. 4.The President of the United States possesses an absolute veto. 5.Freeways and national defense are examples of public goods.