Which of the Following Is True About Government Activity in the United

question 63

Multiple Choice

Which of the following is true about government activity in the United States?

• A)Macroeconomic policy is handled mainly at the state level.
• B)Higher education is handled mainly at the national level.
• C)Primary and secondary education is handled mainly at the local level.
• D)Primary and secondary education is handled mainly at the national level.
• E)Police and fire protection are handled mainly at the state level.

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Definitions:

Glass-Steagall Banking Act

A law enacted in 1933 to establish the Federal Deposit Insurance Corporation (FDIC) and introduce banking reforms to control speculation.

Investment Banking

A sector within banking that deals with the creation of capital for other companies, governments, and other entities, through underwriting or acting as the client's agent in the issuance of securities.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, beginning in the United States and spreading globally.

Gold Standard

A monetary system in which a country's currency or paper money has a value directly linked to gold, allowing for the conversion of currency into a fixed amount of gold.