Question 1

A tax is ____________________ if it places a greater financial burden on the poor.

Accepted Answer

A)  regressive 
B)  inductive 
C)  plenary 
D)  plenipotentiary 
E)  progressive 
A)  regressive 
B)  inductive 
C)  plenary 
D)  plenipotentiary 
E)  progressive

Question 2

Regulations in general are intended to ____________________.

Accepted Answer

A)  protect consumers, workers, businesses, and investors 
B)  harm consumers, workers, businesses, and investors 
C)  protect consumers, while harming workers, businesses, and investors 
D)  protect consumers and workers, while harming businesses and investors 
E)  harm consumers and workers, while protecting businesses and investors 
A)  protect consumers, workers, businesses, and investors 
B)  harm consumers, workers, businesses, and investors 
C)  protect consumers, while harming workers, businesses, and investors 
D)  protect consumers and workers, while harming businesses and investors 
E)  harm consumers and workers, while protecting businesses and investors

Question 3

What are the major purposes of economic policy making? Provide an example of a federal policy that serves each of these purposes? What forces or factors prevent economic policies from achieving their goals in these areas?

Accepted Answer

The answer of What are the major purposes of economic...

Question 4

Which is a product or benefit that can be enjoyed by anyone,regardless of whether he or she has paid for it or not,and such that its consumption by one person does not prevent its consumption by others?

Accepted Answer

A)  social good 
B)  club good 
C)  common good 
D)  public good 
E)  private good 
A)  social good 
B)  club good 
C)  common good 
D)  public good 
E)  private good

Question 5

Which amendment to the U.S.Constitution empowered Congress to tax personal income?

Accepted Answer

A)  Thirteenth 
B)  Fourteenth 
C)  Fifteenth 
D)  Sixteenth 
E)  Seventeenth 
A)  Thirteenth 
B)  Fourteenth 
C)  Fifteenth 
D)  Sixteenth 
E)  Seventeenth

Question 6

Which policy is most consistent with a laissez-faire economic philosophy?

Accepted Answer

A)  using the Federal Reserve system to expand the supply of money in order to promote commercial lending 
B)  providing subsidies for people to start new small businesses 
C)  requiring automobile manufactures to meet certain fuel economy standards 
D)  eliminating regulations that limit the types of loans that banks may offer to consumers 
E)  establishing zoning laws that limit the ways that individuals and firms use land in certain places 
A)  using the Federal Reserve system to expand the supply of money in order to promote commercial lending 
B)  providing subsidies for people to start new small businesses 
C)  requiring automobile manufactures to meet certain fuel economy standards 
D)  eliminating regulations that limit the types of loans that banks may offer to consumers 
E)  establishing zoning laws that limit the ways that individuals and firms use land in certain places

Question 7

Governments can ____________________ interest rates to make it ____________________ for businesses and consumers to borrow money for investments and purchases.

Accepted Answer

A)  raise; easier 
B)  raise; harder 
C)  freeze; impossible 
D)  lower; harder 
E)  lower; easier 
A)  raise; easier 
B)  raise; harder 
C)  freeze; impossible 
D)  lower; harder 
E)  lower; easier

Question 8

What is the principal goal of the Social Security program?

Accepted Answer

A)  provide economic benefits to retirees and the disabled 
B)  create a federal trust fund that supports government spending during a recession 
C)  support national border security 
D)  establish a national reserve of precious metals 
E)  keep unemployment and inflation under target rates established by Congress 
A)  provide economic benefits to retirees and the disabled 
B)  create a federal trust fund that supports government spending during a recession 
C)  support national border security 
D)  establish a national reserve of precious metals 
E)  keep unemployment and inflation under target rates established by Congress

A tax is ____________________ if it places a greater financial burden on the poor.

Regulations in general are intended to ____________________.

What are the major purposes of economic policy making? Provide an example of a federal policy that serves each of these purposes? What forces or factors prevent economic policies from achieving their goals in these areas?

Which is a product or benefit that can be enjoyed by anyone,regardless of whether he or she has paid for it or not,and such that its consumption by one person does not prevent its consumption by others?

Which amendment to the U.S.Constitution empowered Congress to tax personal income?

Which policy is most consistent with a laissez-faire economic philosophy?

Governments can interest rates to make it for businesses and consumers to borrow money for investments and purchases.

What is the principal goal of the Social Security program?

Introduction

the Constitution

Federalism

Civil Rights and Liberties

Congress

the Presidency

the Bureaucracy

the Judiciary

Public Opinion

Political Participation

Interest Groups and Social Movements

Political Parties

Elections and Campaigns

Mass Media and the Press

Social Policy

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Exam 15: Economic Policy

A tax is ____________________ if it places a greater financial burden on the poor.

Regulations in general are intended to ____________________.

What are the major purposes of economic policy making? Provide an example of a federal policy that serves each of these purposes? What forces or factors prevent economic policies from achieving their goals in these areas?

Which is a product or benefit that can be enjoyed by anyone,regardless of whether he or she has paid for it or not,and such that its consumption by one person does not prevent its consumption by others?

Which amendment to the U.S.Constitution empowered Congress to tax personal income?

Which policy is most consistent with a laissez-faire economic philosophy?

Governments can ____________________ interest rates to make it ____________________ for businesses and consumers to borrow money for investments and purchases.

What is the principal goal of the Social Security program?

Introduction

the Constitution

Federalism

Civil Rights and Liberties

Congress

the Presidency

the Bureaucracy

the Judiciary

Public Opinion

Political Participation

Interest Groups and Social Movements

Political Parties

Elections and Campaigns

Mass Media and the Press

Social Policy

Foreign Policy

Filters

Governments can interest rates to make it for businesses and consumers to borrow money for investments and purchases.