Why have some states intervened in the market economy more than others? Choose two very different examples and explain their contrasting approaches.
What will be an ideal response?
In general, students should demonstrate understand and command of most of the key concepts explained in the chapter. They should show the ability to choose adequate examples to illustrate their answer.
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The world's oil reserves are concentrated in a small number of countries
Indicate whether the statement is true or false
The Sugar Act of 1764
A) required the purchase of sugar by all colonial households. B) placed new import duties on textiles, coffee, indigo, wines, and other goods. C) emphasized the fact that the colonies were sovereign and independent of England. D) reduced the duties on foreign goods shipped from England to the colonies. E) created a trade alliance between the American colonies and the Caribbean nations that also produced and exported sugar.