Question 1

When the national government uses its powers to provide a public good,it does so in a manner that is equally advantageous to all parties.

Accepted Answer

A) True 
 B)False

Question 2

Universal compulsory education is an example 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

Question 3

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:

Accepted Answer

A) open-market operations 
B) reserve requisitions 
C) acquisition and divestiture functionality 
D) federal funds adjustment 
E) quantitative easing

Question 4

In the United States,the government adjusts the welfare system in cycles to be sure that the support given is uncomfortable enough that people will prefer working to retiring on the low income that they will get from welfare.

Accepted Answer

A) True 
 B)False

Question 5

The amount by which government spending exceeds revenues in a fiscal year is called the:

Accepted Answer

A) national debt 
B) trade shortfall 
C) gross national product 
D) gross domestic product 
E) budget deficit

Question 6

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

Question 7

The proportion of the federal budget devoted to mandatory spending is:

Accepted Answer

A) large and growing 
B) large and shrinking 
C) small and growing 
D) small and shrinking 
E) staying about the same

Question 8

List and define the prerequisites for a market economy.

Accepted Answer

The answer of List and define the prerequisites for a...

Question 9

Before the 1930s,neither the federal nor state governments sought to promote full employment.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

The allocations of land grants to farmers and to railroad companies by Alexander Hamilton to encourage western settlement are early examples of:

Accepted Answer

A) contracting 
B) lending 
C) deregulation 
D) subsidies 
E) monetary policy

Question 12

A class of government benefits with a status similar to property in that an individual cannot be deprived of legislated benefits without due process is called a(n):

Accepted Answer

A) right 
B) claim 
C) privilege 
D) entitlement 
E) civil liberty

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

How did the Great Depression change how the national government attempts to manage the American economy?

Accepted Answer

The answer of How did the Great Depression change how...

Question 15

What is the Federal Reserve System,and what are its powers? Has the Fed been effective at fighting financial crises,such as the foreclosure crisis that occurred in the first decade of the 2000s?

Accepted Answer

The answer of What is the Federal Reserve System,and what...

Question 16

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

Accepted Answer

A) food stamps 
B) market coupons 
C) nutrition certificates 
D) commodity vouchers 
E) WIC checks

Question 17

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

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Cost-of-living adjustments for the Social Security system are based on changes in the:

Accepted Answer

A) Consumer Price Index 
B) gross national product 
C) gross domestic product 
D) quarterly national living standards survey 
E) average real disposable income

Question 20

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

Accepted Answer

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

Exam 13: Introduction to Public Policy

When the national government uses its powers to provide a public good,it does so in a manner that is equally advantageous to all parties.

Universal compulsory education is an example of government efforts to:

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:

In the United States,the government adjusts the welfare system in cycles to be sure that the support given is uncomfortable enough that people will prefer working to retiring on the low income that they will get from welfare.

The amount by which government spending exceeds revenues in a fiscal year is called the:

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

The proportion of the federal budget devoted to mandatory spending is:

List and define the prerequisites for a market economy.

Before the 1930s,neither the federal nor state governments sought to promote full employment.

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

The allocations of land grants to farmers and to railroad companies by Alexander Hamilton to encourage western settlement are early examples of:

A class of government benefits with a status similar to property in that an individual cannot be deprived of legislated benefits without due process is called a(n) :

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

How did the Great Depression change how the national government attempts to manage the American economy?

What is the Federal Reserve System,and what are its powers? Has the Fed been effective at fighting financial crises,such as the foreclosure crisis that occurred in the first decade of the 2000s?

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

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

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

Cost-of-living adjustments for the Social Security system are based on changes in the:

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