The Debt-Ceiling Negotiations in the Summer of 2011 Illustrate How

question 46

Multiple Choice

The debt-ceiling negotiations in the summer of 2011 illustrate how:

• A)the president is often able to outflank his congressional opponents
• B)leaders in Washington, DC are out of touch with the American public
• C)interest groups and big money donors dominate American politics
• D)politics is about conflict and compromise
• E)the differences between Democrats and Republicans in Congress are minimal and are often exaggerated by the mass media

---

Definitions:

Allocates Resources

the process of distributing available resources among various uses to achieve optimal outcomes or objectives.

Economic Freedom

The degree to which individuals and businesses can make economic decisions without government intervention.

Central Planning

A system where the government or a centralized authority makes all decisions about the production and distribution of goods and services.

Industry Output

The total production of goods and services by all firms in a particular industry over a specific time period.