Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

National tariff policies promote domestic markets by

Accepted Answer

A) encouraging free trade. 
B) restricting imported goods. 
C) building interstate transportation links. 
D) subsidizing family farmers and urban industries. 
E) bringing inexpensive labor to the United States. 
A) encouraging free trade. 
B) restricting imported goods. 
C) building interstate transportation links. 
D) subsidizing family farmers and urban industries. 
E) bringing inexpensive labor to the United States.

Question 3

The American income tax is a regressive tax.

Accepted Answer

A) True 
 B)False

Question 4

What was one of President Clinton's major achievements in the welfare field?

Accepted Answer

A) the increase of the Earned Income Tax Credit 
B) the increase of the Supplemental Security interest rate 
C) the increase of the number of individuals covered under AFDC 
D) the increase of the number of single mothers receiving welfare assistance 
E) the increase of the number of people above the poverty line receiving TANF 
A) the increase of the Earned Income Tax Credit 
B) the increase of the Supplemental Security interest rate 
C) the increase of the number of individuals covered under AFDC 
D) the increase of the number of single mothers receiving welfare assistance 
E) the increase of the number of people above the poverty line receiving TANF

Question 5

Which of the following is an example of a means-tested program?

Accepted Answer

A) Medicaid 
B) Medicare 
C) farm subsidies 
D) Social Security 
E) home mortgage interest deductions 
A) Medicaid 
B) Medicare 
C) farm subsidies 
D) Social Security 
E) home mortgage interest deductions

Question 6

Which term describes a company that provides all the goods and services for a particular market such that competition is nonexistent?

Accepted Answer

A) simplex 
B) unigarchy 
C) autogarchy 
D) monopoly 
E) bully firm 
A) simplex 
B) unigarchy 
C) autogarchy 
D) monopoly 
E) bully firm

Question 7

If there were no Social Security,half of all senior citizens would be living below the
poverty line.

Accepted Answer

A) True 
 B)False

Question 8

The provision for an interstate highway system is considered to be a

Accepted Answer

A) liability. 
B) labor cost. 
C) public good. 
D) market structure. 
E) tangible good. 
A) liability. 
B) labor cost. 
C) public good. 
D) market structure. 
E) tangible good.

Question 9

Laws of exchange have deemed certain kinds of exchanges off-limits.

Accepted Answer

A) True 
 B)False

Question 10

A program financed from general revenues that provide uniform minimum monthly income to people who demonstrate financial need and are age 65 or older,blind,or disabled is

Accepted Answer

A) Medicaid. 
B) Medicare. 
C) Social Security. 
D) Supplemental Security Income (SSI). 
E) TANF. 
A) Medicaid. 
B) Medicare. 
C) Social Security. 
D) Supplemental Security Income (SSI). 
E) TANF.

Question 11

During the nineteenth century,the national government was a promoter of

Accepted Answer

A) markets. 
B) monopolies. 
C) deregulation. 
D) categorical grants-in-aid. 
E) Keynesian policies. 
A) markets. 
B) monopolies. 
C) deregulation. 
D) categorical grants-in-aid. 
E) Keynesian policies.

Question 12

Which of the following is something the federal government does to promote economic prosperity?

Accepted Answer

A) allows skilled immigrants to enter to the United States and work 
B) encourages high inflation 
C) incentivizes workers to retire early 
D) drafts teenagers for military service 
E) limits loans to small businesses 
A) allows skilled immigrants to enter to the United States and work 
B) encourages high inflation 
C) incentivizes workers to retire early 
D) drafts teenagers for military service 
E) limits loans to small businesses

Question 13

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 14

The national government administers the TANF program.

Accepted Answer

A) True 
 B)False

Question 15

Noncash goods and services provided to needy individuals and families by the federal government are called

Accepted Answer

A) virtual benefits. 
B) in-kind benefits. 
C) direct benefits. 
D) commodity assortments. 
E) product assortments. 
A) virtual benefits. 
B) in-kind benefits. 
C) direct benefits. 
D) commodity assortments. 
E) product assortments.

Question 16

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

Accepted Answer

.Regressive
.Advantages: Tax receipts ma

Question 17

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 18

In 1996,President Clinton signed the promised welfare reform bill into law.It was called the

Accepted Answer

A) Reinventing Welfare as We Know It Act (RWWK
A) . 
B) Public Assistance Reform and Control Act (PARC
A) . 
C) Consolidated Omnibus Benefit Reconciliation Act (COBR
A) . 
D) Personal Responsibility and Work Opportunity Reconciliation Act (PRWOR
A) . 
E) Welfare to Work Program (W2W). 
A) Reinventing Welfare as We Know It Act (RWWK
A) . 
B) Public Assistance Reform and Control Act (PARC
A) . 
C) Consolidated Omnibus Benefit Reconciliation Act (COBR
A) . 
D) Personal Responsibility and Work Opportunity Reconciliation Act (PRWOR
A) . 
E) Welfare to Work Program (W2W).

Question 19

The Medicare spending bill passed by President George W.Bush and a majority-Republican Congress in 2003

Accepted Answer

A) diminished the long-term cost of Medicare. 
B) decreased the range of services offered under Medicare. 
C) dramatically decreased the premiums for Medicare coverage. 
D) added a prescription drug benefit to the package of health benefits for the elderly. 
E) increased the reimbursements to doctors treating Medicare patients. 
A) diminished the long-term cost of Medicare. 
B) decreased the range of services offered under Medicare. 
C) dramatically decreased the premiums for Medicare coverage. 
D) added a prescription drug benefit to the package of health benefits for the elderly. 
E) increased the reimbursements to doctors treating Medicare patients.

Question 20

Probably the greatest long-term threat to the viability of the Social Security system is the

Accepted Answer

A) pending retirement of baby boomers. 
B) dramatic increase in health care costs. 
C) declining political clout of senior citizens. 
D) number of current workers choosing not to participate. 
E) declining value of the Treasury bonds in which the Social Security trust fund is invested. 
A) pending retirement of baby boomers. 
B) dramatic increase in health care costs. 
C) declining political clout of senior citizens. 
D) number of current workers choosing not to participate. 
E) declining value of the Treasury bonds in which the Social Security trust fund is invested.

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

National tariff policies promote domestic markets by

The American income tax is a regressive tax.

What was one of President Clinton's major achievements in the welfare field?

Which of the following is an example of a means-tested program?

Which term describes a company that provides all the goods and services for a particular market such that competition is nonexistent?

If there were no Social Security,half of all senior citizens would be living below the poverty line.

The provision for an interstate highway system is considered to be a

Laws of exchange have deemed certain kinds of exchanges off-limits.

A program financed from general revenues that provide uniform minimum monthly income to people who demonstrate financial need and are age 65 or older,blind,or disabled is

During the nineteenth century,the national government was a promoter of

Which of the following is something the federal government does to promote economic prosperity?

A contract is meaningless unless it is

The national government administers the TANF program.

Noncash goods and services provided to needy individuals and families by the federal government are called

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

The type of policy that governs taxing and spending powers is

In 1996,President Clinton signed the promised welfare reform bill into law.It was called the

The Medicare spending bill passed by President George W.Bush and a majority-Republican Congress in 2003

Probably the greatest long-term threat to the viability of the Social Security system is the

Five Principles of 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

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

National tariff policies promote domestic markets by

The American income tax is a regressive tax.

What was one of President Clinton's major achievements in the welfare field?

Which of the following is an example of a means-tested program?

Which term describes a company that provides all the goods and services for a particular market such that competition is nonexistent?

If there were no Social Security,half of all senior citizens would be living below the poverty line.

The provision for an interstate highway system is considered to be a

Laws of exchange have deemed certain kinds of exchanges off-limits.

A program financed from general revenues that provide uniform minimum monthly income to people who demonstrate financial need and are age 65 or older,blind,or disabled is

During the nineteenth century,the national government was a promoter of

Which of the following is something the federal government does to promote economic prosperity?

A contract is meaningless unless it is

The national government administers the TANF program.

Noncash goods and services provided to needy individuals and families by the federal government are called

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

The type of policy that governs taxing and spending powers is

In 1996,President Clinton signed the promised welfare reform bill into law.It was called the

The Medicare spending bill passed by President George W.Bush and a majority-Republican Congress in 2003

Probably the greatest long-term threat to the viability of the Social Security system is the

Five Principles of 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