GOVT. Socialism and Communism quiz

23 August 2023

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question

How did the federal government respond to this concern during the late 1800's and early 1900's?

answer

The federal government passed laws banning monopolies and trusts to prevent the restraint of competition.

question

Whom does this excerpt describe?

answer

Karl Marx

question

According to this chart, what is one result of the federal reserve sharply decreasing the discount rate?

answer

Inflation occurs as the economy expands

question

An increasing Department of Defense budget is an example of what kind of spending?

answer

Discretionary

question

This photograph shows a worker's pay stub. What does this image suggest about federal taxes today?

answer

About a third of taxes are withheld for social security.