Identify and explain the three components of fiscal conservatism.
What will be an ideal response?
1. The components of fiscal conservatism are opposition to deficit spending, strong support for low tax rates, and strong support for limited spending for public services.
2. Opposition to deficit spending means that Texas government must have sufficient revenues to cover expenditures for its budget-balance budget requirement.
3. Support for low tax rates means that conservatives do not like paying taxes and want their taxes to be low. Most people don't like paying taxes; in Texas, the anti-tax sentiment is more ingrained. Texans expect good roads, quality education, and strong prisons, but they don't want to pay more than the minimum for any of it.
4. Limited spending for public services reflects the idea that government should not spend money on programs that are of a redistributive nature.
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Which factor contributes to determining whether or not economic conflict leads to violence?
A) It is rarely an issue as most economic powers do not have strong military forces. B) The use of violence would diminish the profit of economic transactions more than could be gained by such violence. C) Privateering has been outlawed by the World Court, which has eliminated most conflicts. D) The naval strength of the states in conflict deters economic conflict.
All of the following are considered independent administrative agencies EXCEPT the
A. General Services Administration. B. National Science Foundation. C. Smithsonian Institution. D. Office of Personnel Management. E. Consumer Product Safety Commission.