Overview
1. What is Classical Liberalism? Drawing specifically on the textbook and information presented in the class, explain its core principles and how it appears in the Declaration of Independence.
2. Provide a brief explanation of James Madison’s argument in Federalist No. 10. Drawing specifically on the textbook and class lectures, explain what factions are, why they are dangerous, and how, specifically, the Constitution helps control their effects.
3. Briefly trace the evolution of federalism in the United States as presented in the class. How did the scope of federal power change relative to state power in spite of constitutional limitations on federal power and the Tenth Amendment that reserves power to the states?
4. Define plurality voting as discussed in class and the textbook. Explain its effect on the number of viable political parties and why it tends to produce this outcome.
5. Compare and contrast Keynesian fiscal policy and supply-side economics. Drawing on the textbook and class materials, what is the main difference in how each proposes to achieve economic growth.