Question 1

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

Accepted Answer

A) a tariff 
B) discretionary spending 
C) cap and trade 
D) the budget 
E) the debt ceiling

Question 2

Congress can do all of the following if tax revenues become inadequate to fund Social Security EXCEPT:

Accepted Answer

A) change the taxation of earnings 
B) change the benefit formula 
C) change the federal fund rate 
D) raise the full retirement age 
E) reduce cost-of-living adjustments

Question 3

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 4

Trespass laws are an example of a type of law that gives concrete meaning to what constitutes:

Accepted Answer

A) property 
B) sovereignty 
C) responsibility 
D) accountability 
E) civic duty

Question 5

Changing the interest rate at which banks lend to each other is a process called:

Accepted Answer

A) open-market operations 
B) federal loan management 
C) acquisition and divestiture functionality 
D) adjustment of the federal funds rate 
E) quantitative easing

Question 6

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 7

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

Accepted Answer

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

Question 8

Since a growing proportion of the annual federal budget is consumed by nondiscretionary spending,what specific recommendations would you make in terms of government priorities in an era of increasing national debt and continued risk of shocks to the national economy?

Accepted Answer

The answer of Since a growing proportion of the annual...

Question 9

The Obama administration brought about a major expansion of federal health care policy when it passed the:

Accepted Answer

A) State Children's Health Insurance Program 
B) Patient Protection and Affordable Care Act 
C) prescription drug program known as Medicare Part D 
D) Medicaid program 
E) Health Insurance Portability and Accountability Act (HIPP
A)

Question 10

A sales tax is deemed ________ because everybody pays at the same rate,so that the total income paid in taxes goes down as the total income goes up.

Accepted Answer

A) a tariff 
B) progressive 
C) regressive 
D) redistributive 
E) policy borrowing

Question 11

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?

Accepted Answer

The answer of Explain why welfare caseloads have dropped dramatically...

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

The most generous TANF payments are sufficient to bring families well above the federal poverty line.

Accepted Answer

A) True 
 B)False

Question 14

After the 1996 Personal Responsibility and Work Opportunity Reconciliation Act was enacted,the number of families receiving assistance dropped by over half nationwide.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

The answer of Discuss the advantages and disadvantages of regressive...

Question 16

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 17

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 18

Social Security has had its moments of potential crisis in the past,but the only real crisis was in the:

Accepted Answer

A) early 1930s during the Great Depression 
B) late 1970s during historic national inflation 
C) early 1980s during the period of the double-digit prime rate 
D) late 1990s during the so-called dot-com bust and era of corporate layoffs 
E) deep recession of 2008-2009

Question 19

Many market standards are developed by private-sector trade associations.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) collective action good 
B) public good 
C) externality 
D) solid good 
E) public liability

Exam 13: Introduction to Public Policy

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

Congress can do all of the following if tax revenues become inadequate to fund Social Security EXCEPT:

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

Trespass laws are an example of a type of law that gives concrete meaning to what constitutes:

Changing the interest rate at which banks lend to each other is a process 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.

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

Since a growing proportion of the annual federal budget is consumed by nondiscretionary spending,what specific recommendations would you make in terms of government priorities in an era of increasing national debt and continued risk of shocks to the national economy?

The Obama administration brought about a major expansion of federal health care policy when it passed the:

A sales tax is deemed ________ because everybody pays at the same rate,so that the total income paid in taxes goes down as the total income goes up.

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?

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

The most generous TANF payments are sufficient to bring families well above the federal poverty line.

After the 1996 Personal Responsibility and Work Opportunity Reconciliation Act was enacted,the number of families receiving assistance dropped by over half nationwide.

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

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?

Universal compulsory education is an example of government efforts to:

Social Security has had its moments of potential crisis in the past,but the only real crisis was in the:

Many market standards are developed by private-sector trade associations.

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