Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Food stamps are an example of a program that:

Accepted Answer

A) is contributory 
B) is non-means-tested 
C) has in-kind benefits 
D) has cash benefits 
E) provides universal benefits 
A) is contributory 
B) is non-means-tested 
C) has in-kind benefits 
D) has cash benefits 
E) provides universal benefits

Question 3

The Personal Responsibility and Work Opportunity Reconciliation Act restricts individual entitlement to assistance to a lifetime limit of ________ years.

Accepted Answer

A) two 
B) five 
C) seven 
D) twelve 
E) fifteen 
A) two 
B) five 
C) seven 
D) twelve 
E) fifteen

Question 4

Poorhouses and vagrancy laws are examples of government efforts to:

Accepted Answer

A) enforce contracts 
B) create a labor force 
C) set market standards 
D) provide public goods 
E) ameliorate externalities 
A) enforce contracts 
B) create a labor force 
C) set market standards 
D) provide public goods 
E) ameliorate externalities

Question 5

Social plans financed in whole or in part by taxation or other mandatory investments by their present or future recipients are described as:

Accepted Answer

A) public trusts 
B) enterprise funds 
C) revenue sharing 
D) contributory programs 
E) means-tested program 
A) public trusts 
B) enterprise funds 
C) revenue sharing 
D) contributory programs 
E) means-tested program

Question 6

Common terminology,uniform weights and measures,and consistent specifications for both quantities and qualities of goods are called:

Accepted Answer

A) trade agreements 
B) contractual terms 
C) capital specifications 
D) public benchmarks 
E) market standards 
A) trade agreements 
B) contractual terms 
C) capital specifications 
D) public benchmarks 
E) market standards

Question 7

A public good is a good that is provided for the government by citizens.

Accepted Answer

A) True 
 B)False

Question 8

The type of policy that governs taxing and spending powers is:

Accepted Answer

A) fiscal policy 
B) budgeting policy 
C) pecuniary policy 
D) open-market operations 
E) monetary policy 
A) fiscal policy 
B) budgeting policy 
C) pecuniary policy 
D) open-market operations 
E) monetary policy

Question 9

The market value of the goods and services produced in an economy minus income from foreign investments is the:

Accepted Answer

A) gross national product (GNP) 
B) gross domestic product (GDP) 
C) net national worth 
D) net domestic worth 
E) net international economic contribution 
A) gross national product (GNP) 
B) gross domestic product (GDP) 
C) net national worth 
D) net domestic worth 
E) net international economic contribution

Question 10

For more than half of all American workers,Social Security is their only pension plan.

Accepted Answer

A) True 
 B)False

Question 11

What challenges is the current Social Security system facing? How should these problems be addressed?

Accepted Answer

The current Social Security system is fa

Question 12

Why did Congress begin to adopt national business regulations?

Accepted Answer

A) They wanted to increase the amount of money that the government earns from monopolies. 
B) They thought that government-sponsored monopolies were the best way to provide services to consumers in most industries. 
C) They wanted to alleviate the burdens that companies faced of adapting to the regulatory inconsistencies across states. 
D) They wanted to encourage the development of an automotive industry that would strengthen America's position in the world economy. 
E) Occasional bubbles,fostered by regulation,are actually a healthy part of a market economy. 
A) They wanted to increase the amount of money that the government earns from monopolies. 
B) They thought that government-sponsored monopolies were the best way to provide services to consumers in most industries. 
C) They wanted to alleviate the burdens that companies faced of adapting to the regulatory inconsistencies across states. 
D) They wanted to encourage the development of an automotive industry that would strengthen America's position in the world economy. 
E) Occasional bubbles,fostered by regulation,are actually a healthy part of a market economy.

Question 13

A system of twelve banks in the United States that facilitates exchanges of cash,checks,and credit,as well as regulating member banks,is called the Bank of the United States.

Accepted Answer

A) True 
 B)False

Question 14

Why are market standards so important to a functioning market economy?

Accepted Answer

A) They require contract enforcement. 
B) They define property rights. 
C) They help people understand what they are bargaining for. 
D) They help people recognize the value of public goods. 
E) They protect the fundamental rights of workers. 
A) They require contract enforcement. 
B) They define property rights. 
C) They help people understand what they are bargaining for. 
D) They help people recognize the value of public goods. 
E) They protect the fundamental rights of workers.

Question 15

Proponents of the Patient Protection and Affordable Care Act argued that the following would occur if it was signed into law?

Accepted Answer

A) The law would lower health care costs by imposing greater efficiencies on providers and reducing fraud. 
B) The law would represent a huge expansion of federal government power. 
C) The law would expand the Democratic Party's base of support. 
D) The law would be enormously expensive. 
E) The law would expand the power of federal agencies,such as the Department of Health and Human Services (HHS). 
A) The law would lower health care costs by imposing greater efficiencies on providers and reducing fraud. 
B) The law would represent a huge expansion of federal government power. 
C) The law would expand the Democratic Party's base of support. 
D) The law would be enormously expensive. 
E) The law would expand the power of federal agencies,such as the Department of Health and Human Services (HHS).

Question 16

Discuss the advantages and disadvantages of regressive and progressive tax policies.Which one would you recommend and why?

Accepted Answer

The answer of Discuss the advantages and disadvantages of regressive...

Question 17

What goals should social and economic policies promote and why?

Accepted Answer

The answer of What goals should social and economic policies...

Question 18

Until 1996,what was the most important noncontributory public assistance program?

Accepted Answer

A) the Job Training Partnership Act (JTP
A)  
B) the Aid to Families with Dependent Children (AFD
C) program 
C) the Temporary Assistance to Needy Families (TANF)program 
D) the Comprehensive Employment and Training Act (CET
A)  
E) the Supplemental Security Income (SSI)program 
A) the Job Training Partnership Act (JTP
A)  
B) the Aid to Families with Dependent Children (AFD
C) program 
C) the Temporary Assistance to Needy Families (TANF)program 
D) the Comprehensive Employment and Training Act (CET
A)  
E) the Supplemental Security Income (SSI)program

Question 19

A contract is meaningless unless it is:

Accepted Answer

A) notarized 
B) a written agreement 
C) enforceable 
D) regulated 
E) signed by both parties 
A) notarized 
B) a written agreement 
C) enforceable 
D) regulated 
E) signed by both parties

Question 20

Why did government initiate the welfare state? What factors have contributed to its growth?

Accepted Answer

The answer of Why did government initiate the welfare state?...

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

Food stamps are an example of a program that:

The Personal Responsibility and Work Opportunity Reconciliation Act restricts individual entitlement to assistance to a lifetime limit of ________ years.

Poorhouses and vagrancy laws are examples of government efforts to:

Social plans financed in whole or in part by taxation or other mandatory investments by their present or future recipients are described as:

Common terminology,uniform weights and measures,and consistent specifications for both quantities and qualities of goods are called:

A public good is a good that is provided for the government by citizens.

The type of policy that governs taxing and spending powers is:

The market value of the goods and services produced in an economy minus income from foreign investments is the:

For more than half of all American workers,Social Security is their only pension plan.

What challenges is the current Social Security system facing? How should these problems be addressed?

Why did Congress begin to adopt national business regulations?

A system of twelve banks in the United States that facilitates exchanges of cash,checks,and credit,as well as regulating member banks,is called the Bank of the United States.

Why are market standards so important to a functioning market economy?

Proponents of the Patient Protection and Affordable Care Act argued that the following would occur if it was signed into law?

Discuss the advantages and disadvantages of regressive and progressive tax policies.Which one would you recommend and why?

What goals should social and economic policies promote and why?

Until 1996,what was the most important noncontributory public assistance program?

A contract is meaningless unless it is:

Why did government initiate the welfare state? What factors have contributed to its growth?

Introduction: Making Sense of Government and Politics

The Founding and the Constitution

Federalism and the Separation of Powers

Civil Liberties and Civil Rights

Congress: The First Branch

The Presidency

The Executive Branch

The Federal Courts

Public Opinion and the Media

Elections

Political Parties

Groups and Interests

Foreign Policy

Filters

Exam 13: Introduction to Public Policy

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

Food stamps are an example of a program that:

The Personal Responsibility and Work Opportunity Reconciliation Act restricts individual entitlement to assistance to a lifetime limit of ________ years.

Poorhouses and vagrancy laws are examples of government efforts to:

Social plans financed in whole or in part by taxation or other mandatory investments by their present or future recipients are described as:

Common terminology,uniform weights and measures,and consistent specifications for both quantities and qualities of goods are called:

A public good is a good that is provided for the government by citizens.

The type of policy that governs taxing and spending powers is:

The market value of the goods and services produced in an economy minus income from foreign investments is the:

For more than half of all American workers,Social Security is their only pension plan.

What challenges is the current Social Security system facing? How should these problems be addressed?

Why did Congress begin to adopt national business regulations?

A system of twelve banks in the United States that facilitates exchanges of cash,checks,and credit,as well as regulating member banks,is called the Bank of the United States.

Why are market standards so important to a functioning market economy?

Proponents of the Patient Protection and Affordable Care Act argued that the following would occur if it was signed into law?

Discuss the advantages and disadvantages of regressive and progressive tax policies.Which one would you recommend and why?

What goals should social and economic policies promote and why?

Until 1996,what was the most important noncontributory public assistance program?

A contract is meaningless unless it is:

Why did government initiate the welfare state? What factors have contributed to its growth?

Introduction: Making Sense of Government and Politics

The Founding and the Constitution

Federalism and the Separation of Powers

Civil Liberties and Civil Rights

Congress: The First Branch

The Presidency

The Executive Branch

The Federal Courts

Public Opinion and the Media

Elections

Political Parties

Groups and Interests

Foreign Policy

Filters