The Framers Gave the Power to Introduce "Money Bills" to the House

question 48

Multiple Choice

The framers gave the power to introduce "money bills" to the House of Representatives but not the Senate because they believed that

• A)the Senate was too small in size to make good decisions about taxing and spending.
• B)the chamber closest to the people should exercise greater authority over taxing and spending.
• C)every state should not have equal influence over taxing and spending decisions.
• D)taxing and spending were not important issues and the Senate should focus its attention on the country's most pressing problems.

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Definitions:

Labor Market

A marketplace where employers find workers and workers find jobs; the interaction determines wages, employment levels, and working conditions.

Inductive Reasoning

A method of reasoning in which specific observations or measurements are used to make general conclusions.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the outcome of the economy or goals of public policy should be.

Economic Reasoning

The process of making decisions based on costs, benefits, and incentives in an effort to maximize benefits while minimizing costs.