A federalism form of government can create a national (or federal) government that is very strong when compared to the state governments. In order not to give the federal government too much power, there are two (2) ways our Constitution gives the federal government limitations:

Lots of points: economics: the is the dollar value of all final goods and services produced within a country’s borders within a given year. a. gross domestic product b. business cycle c. inflation rate d. net exports

Which was an important long-term result of the civil war? a a feeling of american nationalism developed. b. industrialism increased in the south. c. differences between social classes declined.

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.