Economics Chapter 10

Formed the belief that a society's economic problems are better solved by "experts"

This is usually done by a dictator, selfish or fanatical factions

Believed in monetarism and less government control

What are the two primary purposes for government?

Should a government provide all the food, shelter, and clothing it's citizens need?

FDR ran for president on the premise an economic plan called the

"Politicians do not have the right to dole out money as they see fit..."

What is bigger, the private or public sector of society?

Spending too much on wars, magnificent public works, and indulging in bureaucracies is

A big, complex organization composed of appointed officials, agencies, and departments

Who consummated the Louisiana Purchase and altered the economics of the US?

Which of the following is a government practice which has harmed economic systems?

If the government adds too much to the money supply, prices rise rapidly and _________ results.

Who said, "That government is best which governs least, because it's people govern themselves."

Spending too much under the guise of keeping the public "safe"

Bad money drives out good

Department responsible for printing and coining US money

The election of 1932 was held in the midst of the