Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

The modern system of central banks that facilitates exchanges of cash,checks,and credit is called the:

Accepted Answer

A) Bank of the United States 
B) Central Banking Administration 
C) Federal Reserve System 
D) Washington Mutual Bank 
E) Department of the Treasury 
A) Bank of the United States 
B) Central Banking Administration 
C) Federal Reserve System 
D) Washington Mutual Bank 
E) Department of the Treasury

Question 3

Which of the following is NOT an example of a public good?

Accepted Answer

A) canal systems 
B) lighthouses 
C) airport security 
D) dams 
E) gross domestic roduct 
A) canal systems 
B) lighthouses 
C) airport security 
D) dams 
E) gross domestic roduct

Question 4

Government makes a market economy possible.

Accepted Answer

A) True 
 B)False

Question 5

The cost and availability of credit in the United States are manipulated by changing the federal funds rate.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) Medicare 
B) Medicaid 
C) food stamps 
D) the School Lunch program 
E) Aid to Families with Dependent Children 
A) Medicare 
B) Medicaid 
C) food stamps 
D) the School Lunch program 
E) Aid to Families with Dependent Children

Question 8

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

Accepted Answer

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

Question 9

The income tax in the United States today is a ________ tax.

Accepted Answer

A) flat 
B) sales 
C) square 
D) regressive 
E) progressive 
A) flat 
B) sales 
C) square 
D) regressive 
E) progressive

Question 10

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

Accepted Answer

A) subsidies 
B) block grants 
C) contracts 
D) deregulation stimuli 
E) rents 
A) subsidies 
B) block grants 
C) contracts 
D) deregulation stimuli 
E) rents

Question 11

After the terrorist attacks of 2001,the Pentagon used which of the following powers to request weapons and surveillance systems from private businesses,such as Lockheed Martin?

Accepted Answer

A) discretionary powers 
B) spending powers 
C) military powers 
D) contracting powers 
E) surveillance powers 
A) discretionary powers 
B) spending powers 
C) military powers 
D) contracting powers 
E) surveillance powers

Question 12

Which of the following is NOT something the federal government does to promote economic prosperity?

Accepted Answer

A) prohibiting skilled immigrants from coming to the United States and taking American jobs 
B) preventing high inflation 
C) offering categorical grants-in-aid to states 
D) promoting technical innovation in national security 
E) offering loans to small businesses 
A) prohibiting skilled immigrants from coming to the United States and taking American jobs 
B) preventing high inflation 
C) offering categorical grants-in-aid to states 
D) promoting technical innovation in national security 
E) offering loans to small businesses

Question 13

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 14

An increase in the federal funds rate would:

Accepted Answer

A) increase the availability of credit 
B) decrease the availability of credit 
C) have no effect on the availability of credit 
D) have an unpredictable effect on the availability of credit 
E) stimulate the economy 
A) increase the availability of credit 
B) decrease the availability of credit 
C) have no effect on the availability of credit 
D) have an unpredictable effect on the availability of credit 
E) stimulate the economy

Question 15

Which of the following is NOT an example of a means-tested program?

Accepted Answer

A) Medicaid 
B) Medicare 
C) Aid to Families with Dependent Children 
D) Supplemental Security Income 
E) Food Stamps 
A) Medicaid 
B) Medicare 
C) Aid to Families with Dependent Children 
D) Supplemental Security Income 
E) Food Stamps

Question 16

Evaluate the welfare state.What are the best arguments against it,and what are the most effective arguments for it?

Accepted Answer

The answer of Evaluate the welfare state.What are the best...

Question 17

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

Accepted Answer

The answer of Describe the government's role in creating the...

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

In 1970,the Supreme Court held that the financial benefits of the Aid to Families with Dependent Children program could not be revoked without due process in the case of:

Accepted Answer

A) Goldberg v.Kelly 
B) Fabian v.Karlsen 
C) Housel v.Davenport 
D) U.S.v.Campbell et al. 
E) Saenz v.Roe 
A) Goldberg v.Kelly 
B) Fabian v.Karlsen 
C) Housel v.Davenport 
D) U.S.v.Campbell et al. 
E) Saenz v.Roe

Question 20

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

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

The modern system of central banks that facilitates exchanges of cash,checks,and credit is called the:

Which of the following is NOT an example of a public good?

Government makes a market economy possible.

The cost and availability of credit in the United States are manipulated by changing the federal funds rate.

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

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

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

The income tax in the United States today is a ________ tax.

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

After the terrorist attacks of 2001,the Pentagon used which of the following powers to request weapons and surveillance systems from private businesses,such as Lockheed Martin?

Which of the following is NOT something the federal government does to promote economic prosperity?

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

An increase in the federal funds rate would:

Which of the following is NOT an example of a means-tested program?

Evaluate the welfare state.What are the best arguments against it,and what are the most effective arguments for it?

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

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

In 1970,the Supreme Court held that the financial benefits of the Aid to Families with Dependent Children program could not be revoked without due process in the case of:

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

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

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

The modern system of central banks that facilitates exchanges of cash,checks,and credit is called the:

Which of the following is NOT an example of a public good?

Government makes a market economy possible.

The cost and availability of credit in the United States are manipulated by changing the federal funds rate.

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

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

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

The income tax in the United States today is a ________ tax.

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

After the terrorist attacks of 2001,the Pentagon used which of the following powers to request weapons and surveillance systems from private businesses,such as Lockheed Martin?

Which of the following is NOT something the federal government does to promote economic prosperity?

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

An increase in the federal funds rate would:

Which of the following is NOT an example of a means-tested program?

Evaluate the welfare state.What are the best arguments against it,and what are the most effective arguments for it?

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

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

In 1970,the Supreme Court held that the financial benefits of the Aid to Families with Dependent Children program could not be revoked without due process in the case of:

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

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