Exam 13: Introduction to Public Policy

Public-assistance programs, such as Temporary Assistance for Needy Families (TANF) and Medicaid, which provide benefits to people based on their need rather than taxes paid by them, are often popularly referred to as "welfare" programs.To federal government analysts, however, they are referred to as __________________ social programs.

Congressional attempts to plan for the economic effects of taxing and spending are known as:

Provide a history and discussion of the Affordable Care Act (ACA), popularly known as "Obamacare." How did it work, and who did it affect? Why were Republicans opposed to the act, meanwhile, and how did their efforts to repeal or reform the law turn out?

A consistent increase in the government's intervention in the economy is called inflation.

What challenges does the current Social Security system face? How should these problems be addressed?

The government can force a large business to break up into smaller companies if it can show that the business ________________, as it did with the telephone company AT&T and its affiliated regional Bell System companies in the 1980s, through antitrust regulation.

Governmental programs are usually touted by their proponents as serving the public interest, except when Americans are deeply divided on an issue.

Subsidies were the dominant form of public policy of the national government and the state and local governments throughout the nineteenth century.

Unlike Social Security, Medicare is a means-tested program.

Programs like Social Security are referred to as "entitlement programs" because:

The federal role in American elementary and secondary education was substantially boosted during the George W.Bush administration with his ____________________ program, which created stronger national testing and school accountability mandates.In 2015, after years of controversy over testing and funding, it was replaced with a more state-friendly program.

To increase the supply of money available to consumers, the Federal Reserve sells government securities.

In the first two decades of the twenty-first century, about 40 percent of farms in the United States received subsidies.

A prerequisite for a market economy is a government that maintains competition across the various sectors of the economy.

Monetary policy, of the sort typically handled by a country's central bank or banking system, involves:

Despite developing an increasing number of social programs over time, since the advent of Social Security in 1935, the United States still has a much less robust welfare state than many other developed democracies.This means, comparatively, that it has ____________.

Before the 1930s, neither the federal nor state governments sought to promote full employment.

The federal Social Security Act of 1935 created _________________, jointly administered by the federal and state governments, designed to help workers whose jobs have been terminated through no fault of their own.It does so by providing payments to these workers for a short time.

The ____________________, created after the stock market crash of 1929, requires companies to disclose information about any stocks and bonds they are selling, as well as inform buyers of investment risks and protect investors against fraud.

The American income tax is a regressive tax.