Exam 13: Introduction to Public Policy

When the national government uses its powers to provide a public good,it does so in a manner that is equally advantageous to all parties.

Universal compulsory education is an example of government efforts to:

The power of the central banking system in the United States to buy and sell government securities to increase or decrease the supply of money in the economy is called:

In the United States,the government adjusts the welfare system in cycles to be sure that the support given is uncomfortable enough that people will prefer working to retiring on the low income that they will get from welfare.

The amount by which government spending exceeds revenues in a fiscal year is called the:

Grants of cash or other commodities to an individual or organization that are used to promote activities desired by the government are called:

The proportion of the federal budget devoted to mandatory spending is:

List and define the prerequisites for a market economy.

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

The federal government has the power to break up a monopoly.

The allocations of land grants to farmers and to railroad companies by Alexander Hamilton to encourage western settlement are early examples of:

A class of government benefits with a status similar to property in that an individual cannot be deprived of legislated benefits without due process is called a(n):

The first priority of the 1996 Personal Responsibility and Work Opportunity Reconciliation Act was to reduce poverty.

How did the Great Depression change how the national government attempts to manage the American economy?

What is the Federal Reserve System,and what are its powers? Has the Fed been effective at fighting financial crises,such as the foreclosure crisis that occurred in the first decade of the 2000s?

Coupons provided to needy persons by the federal government that can be exchanged for food at most grocery stores are called:

The largest single expansion in contributory programs after 1935 was the establishment in 1965 of:

Social Security mildly redistributes wealth from higher- to lower-income people.

Cost-of-living adjustments for the Social Security system are based on changes in the:

Social Security is a tax best classified as a ________ tax.