Exam 13: Introduction to Public Policy

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The most generous TANF benefits are approximately

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What are the tools of economic policy?

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Under the current Medicare system,the national government exercises very tight control over the quality of the services and the level of fees that health care providers charge.

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Contrast contributory programs with public assistance programs.What are the advantages and disadvantages of each?

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What goals should social and economic policies promote and why?

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

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

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

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Budgetary items that can be changed only by congressional legislation are called

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The amount the government is permitted to borrow is referred to as

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Which term describes a good that,after it is provided,may be enjoyed by anyone and may not be denied to anyone?

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The power of government to set conditions on companies seeking to sell goods or services to government agencies is called contracting power.

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Describe the government's role in creating the foundation for a market economy.

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Many sectors of agriculture receive federal subsidies.

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What is one of the most important ways that government can protect welfare and property?

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The government's use of taxing and spending powers to manipulate the economy is called

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

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The amount of liquid assets and ready cash that banks are required to hold to meet depositors' demands for their money is called the

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An effective market economy requires government rules for the enforcement of contracts.

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Explain why welfare caseloads have dropped dramatically since the mid-1990s.What are the positive and negative consequences of the policy change that reduced welfare rolls?

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