Exam 13: Introduction to Public Policy

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

The Supplemental Security Income program is an example of a:

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

The most fundamental way that government affects investment is by:

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

The procedure for determining eligibility for government public assistance programs in which a potential beneficiary must show a financial need for assistance is called:

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

What is deregulation? Why did it emerge,and what do you see as its future?

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:

The American income tax is a regressive tax.

Markets always produce efficient outcomes.

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

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

What is the first feature inherent in the very idea of government?

What goals should social and economic policies promote and why?

An individual who owns his or her car and insures it usually pays all of the costs associated with running it.

Since 1950,the average incomes of every income group increased-though the incomes of the wealthiest Americans (the top 5 percent)increased more sharply than those of any others.This observation is also referred to as:

During the 1970s and early 1980s,inflation was one of America's most vexing problems.

In 1996,President Clinton signed the promised welfare reform bill into law called the:

The Federal Reserve can affect the total amount of credit available in the United States.