The Stimulus Package Implemented by the Bush Administration in 2008

question 45

Multiple Choice

The stimulus package implemented by the Bush Administration in 2008 included

• A)rebates to individual taxpayers of $600 per individual and $1200 per married couple.
• B)rebates to individual taxpayers of $600 per individual and $900 per married couple.
• C)rebates to individual taxpayers of $900 per individual and $600 per married couple.
• D)no rebates of any kind to individual taxpayers, only corporations.

Distinguish between socialism and communism based on Marx's perceptions of communism.

Discuss the reasons behind the shift to part-time work and identify the demographics most affected.

Understand why those in power seek to legitimate their position according to Weber and the necessity of establishing authority.

Interpret how conflict theorists perceive the relationship between the proletariat and the bourgeoisie.

---

Definitions:

"Destroyed" Industries

Refers to industries that have significantly declined or been rendered obsolete due to technological advancements, market shifts, or regulatory changes.

"Created" Industries

Sectors or markets that have emerged as a result of innovation, technological advances, or governmental policy.

Entrepreneurs

Individuals who take the initiative to start and manage a business, taking on financial risks with the aim of making a profit.

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to no single buyer or seller having control over prices.