The school of thought that believes high taxes hurt economic growth by discouraging savings and investment is called
a. budget reconciliation.
b. laissez-faire.
c. offshoring.
d. protectionism.
e. supply-side economics.
ANS: E
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Which of the following best describes the members of the international Association of Machinists after Boeing made its bold threat to leave Everett, Washington?
a. Their economic status improved greatly. b. The union was stronger. c. They moved from the middle class to the upper middle class. d. They were worse off than before.
What are colonias?
a. Mexican factories that have high death rates due to poor working conditions. b. rural, unincorporated slums on the Texas side of the border that have substandard housing, roads, drainage, water, and sewer systems c. poor factory workers who work long hours for little pay d. several health epidemics that have broken out in South Texas due to poor sanitation