Essay Questions

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Chapter 16

Essay Questions

This activity contains 4 questions.

Define the types of "mandatory spending" that burdens the government and how it affects economic decision making and budgeting.

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Compare and contrast the different methods of taxing policies and which is more fair on the taxpayers.

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Describe the role of the Federal Reserve Board in the United States. How does the Fed maintain independence from Congress and the president? How could Congress reign in a Federal Reserve Board that was making inappropriate or ineffective decisions?

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Discuss historic protectionism and identify the major international trade agreements that have stimulated economic globalization. Why have the benefits of economic globalization been described as uneven?

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