Question 1

Which of the following is true of the climate change issue?

Accepted Answer

A) Scientists theorize that the use of carbon-based fuels is most responsible for temperature rises. 
B) Most scientists doubt the evidence behind the theory that humans are helping to cause temperature increases. 
C) U)S.policymakers are relatively uniform in their desire to avoid costly measures to reduce carbon emissions. 
D) Most Western countries have not taken major steps to reduce carbon emissions. 
E) U)S.participation in the Paris accord is the only major initiative it currently undertakes to deal with climate change. 
A) Scientists theorize that the use of carbon-based fuels is most responsible for temperature rises. 
B) Most scientists doubt the evidence behind the theory that humans are helping to cause temperature increases. 
C) U)S.policymakers are relatively uniform in their desire to avoid costly measures to reduce carbon emissions. 
D) Most Western countries have not taken major steps to reduce carbon emissions. 
E) U)S.participation in the Paris accord is the only major initiative it currently undertakes to deal with climate change.

Question 2

The ________ established minimum wages.

Accepted Answer

A) Securities and Exchange Act of 1934 
B) Banking Act of 1934 
C) Airlines Deregulation Act of 1977 
D) Fair Labor Standards Act of 1938 
E) Homestead Act of 1862 
A) Securities and Exchange Act of 1934 
B) Banking Act of 1934 
C) Airlines Deregulation Act of 1977 
D) Fair Labor Standards Act of 1938 
E) Homestead Act of 1862

Question 3

Which of the following statements best describes the relationship today between government and the economy in the United States?

Accepted Answer

A) The economy is largely self-regulating. 
B) The government subsidizes economic interests but otherwise leaves them to operate as they please. 
C) The government is the driving force in the U.S.economy; business has a secondary role. 
D) The government has an important role in regulating and maintaining the U.S.economy. 
E) The government owns most of the means of production in the United States. 
A) The economy is largely self-regulating. 
B) The government subsidizes economic interests but otherwise leaves them to operate as they please. 
C) The government is the driving force in the U.S.economy; business has a secondary role. 
D) The government has an important role in regulating and maintaining the U.S.economy. 
E) The government owns most of the means of production in the United States.

Question 4

When was the last time the U.S.government had a balanced budget?

Accepted Answer

A) 1970s 
B) 1980s 
C) 1990s 
D) 2000s 
E) None of these answers is correct. 
A) 1970s 
B) 1980s 
C) 1990s 
D) 2000s 
E) None of these answers is correct.

Question 5

The Progressive Era of government regulation focused on

Accepted Answer

A) strengthening consumer protection by preventing credit agencies from gouging individuals with high levels of debt. 
B) bolstering worker safety by increasing the power of unions and forcing better safety practices on businesses. 
C) increasing environmental protection and strengthening the EPA. 
D) regulating troubled economic sectors,such as banking. 
E) stopping corrupt business practices,such as the selling of unsafe food and drugs. 
A) strengthening consumer protection by preventing credit agencies from gouging individuals with high levels of debt. 
B) bolstering worker safety by increasing the power of unions and forcing better safety practices on businesses. 
C) increasing environmental protection and strengthening the EPA. 
D) regulating troubled economic sectors,such as banking. 
E) stopping corrupt business practices,such as the selling of unsafe food and drugs.

Question 6

During what has become known as the Great Recession,the Fed began to purchase the assets of member banks.This new monetary control mechanism used by the Fed was known as

Accepted Answer

A) subprime borrowing. 
B) the Greenspan Plan. 
C) quantitative easing. 
D) hyper inflation. 
E) too big to fail. 
A) subprime borrowing. 
B) the Greenspan Plan. 
C) quantitative easing. 
D) hyper inflation. 
E) too big to fail.

Question 7

Economic efficiency requires

Accepted Answer

A) that the free market not be regulated by government. 
B) that the output of goods and services is the highest possible given the amount of input used to produce them. 
C) the economy to be organized around large firms. 
D) economic transactions to be fair to each party. 
E) economic transactions to be equal to each party. 
A) that the free market not be regulated by government. 
B) that the output of goods and services is the highest possible given the amount of input used to produce them. 
C) the economy to be organized around large firms. 
D) economic transactions to be fair to each party. 
E) economic transactions to be equal to each party.

Question 8

Of the following countries,which has done the least to reduce greenhouse gas emissions?

Accepted Answer

A) Germany 
B) France 
C) Great Britain 
D) United States 
E) All of these countries have been about equal in their efforts to reduce greenhouse gas emissions. 
A) Germany 
B) France 
C) Great Britain 
D) United States 
E) All of these countries have been about equal in their efforts to reduce greenhouse gas emissions.

Question 9

________ wrote Silent Spring in 1962.

Accepted Answer

A) Al Gore 
B) George W.Bush 
C) Greenpeace 
D) Rachel Carson 
E) The Sierra Club 
A) Al Gore 
B) George W.Bush 
C) Greenpeace 
D) Rachel Carson 
E) The Sierra Club

Question 10

Fiscal policy is a mechanism the government employs to influence the economy.Fiscal policy is based on

Accepted Answer

A) the idea that a balanced budget is the key to a healthy economy. 
B) the money supply. 
C) the government's taxing and spending decisions. 
D) the importance of maintaining a 12-month (fiscal year)economic cycle. 
E) the projections of the Federal Reserve Board. 
A) the idea that a balanced budget is the key to a healthy economy. 
B) the money supply. 
C) the government's taxing and spending decisions. 
D) the importance of maintaining a 12-month (fiscal year)economic cycle. 
E) the projections of the Federal Reserve Board.

Question 11

Passed in 2010,the Dodd-Frank Wall Street Reform and Consumer Act

Accepted Answer

A) loosens restrictions on large financial institutions considered "too big to fail." 
B) allowed low interest rates and small down payments for first-time home buyers and small business entrepreneurs. 
C) empowers government to more closely oversee financial activities. 
D) sought to promote environmental protection,consumer protection,and worker safety. 
E) required warning labels on all "hazardous" consumer goods,such as cigarettes. 
A) loosens restrictions on large financial institutions considered "too big to fail." 
B) allowed low interest rates and small down payments for first-time home buyers and small business entrepreneurs. 
C) empowers government to more closely oversee financial activities. 
D) sought to promote environmental protection,consumer protection,and worker safety. 
E) required warning labels on all "hazardous" consumer goods,such as cigarettes.

Question 12

The Federal Reserve System

Accepted Answer

A) was created in 1933. 
B) is run by a congressional committee. 
C) regulates only national banks. 
D) was created specifically to conduct fiscal policy. 
E) None of these answers is correct. 
A) was created in 1933. 
B) is run by a congressional committee. 
C) regulates only national banks. 
D) was created specifically to conduct fiscal policy. 
E) None of these answers is correct.

Question 13

Which of the following is correct about environmental policy?

Accepted Answer

A) Environmental regulation has not markedly improved the air and water conditions since its initial establishment and growth. 
B) The Environmental Protection Agency was proposed by a Republican president and enacted by a Democratic Congress. 
C) Conservation and deforestation is the highest-profile environmental issue today in the United States. 
D) The EPA has the authority to levy fines and sanctions on businesses. 
E) None of these answers is correct. 
A) Environmental regulation has not markedly improved the air and water conditions since its initial establishment and growth. 
B) The Environmental Protection Agency was proposed by a Republican president and enacted by a Democratic Congress. 
C) Conservation and deforestation is the highest-profile environmental issue today in the United States. 
D) The EPA has the authority to levy fines and sanctions on businesses. 
E) None of these answers is correct.

Question 14

Explain the difference between economic efficiency and economic equity as principles that justify government regulation of the economy.

Accepted Answer

An economy is a system of production and

Question 15

Define the term fiscal policy and explain how fiscal policy can be used in response to economic conditions.

Accepted Answer

The government's efforts to maintain a s

Question 16

Monetary policy differs from fiscal policy in that

Accepted Answer

A) it has to be exercised by the legislature. 
B) the policy goals are very different. 
C) it is a slower process than fiscal policy. 
D) it can be implemented more quickly than fiscal policy. 
E) None of these answers is correct. 
A) it has to be exercised by the legislature. 
B) the policy goals are very different. 
C) it is a slower process than fiscal policy. 
D) it can be implemented more quickly than fiscal policy. 
E) None of these answers is correct.

Question 17

The total cumulative amount the federal government owes to its creditors is known as

Accepted Answer

A) a trade deficit. 
B) a budget deficit. 
C) the national debt. 
D) a credit imbalance. 
E) income disparity. 
A) a trade deficit. 
B) a budget deficit. 
C) the national debt. 
D) a credit imbalance. 
E) income disparity.

Question 18

A ruling by the Food and Drug Administration that a drug is dangerous to use and therefore cannot be marketed is an example of regulation for the purpose of

Accepted Answer

A) supply-side safety. 
B) demand-side safety. 
C) equity. 
D) efficiency. 
E) profit. 
A) supply-side safety. 
B) demand-side safety. 
C) equity. 
D) efficiency. 
E) profit.

Question 19

Which of the following has been a major impediment to any U.S.action to reduce its carbon emissions as a means of reducing climate change?

Accepted Answer

A) the continual slowing down of the U.S.economy 
B) the lack of power in the presidency to affect policy change on the issue 
C) the lack of any regulatory agencies that might be able to enforce carbon reduction measures 
D) the overwhelming disinterest of the American people 
E) the fragmented nature of the U.S.political system 
A) the continual slowing down of the U.S.economy 
B) the lack of power in the presidency to affect policy change on the issue 
C) the lack of any regulatory agencies that might be able to enforce carbon reduction measures 
D) the overwhelming disinterest of the American people 
E) the fragmented nature of the U.S.political system

Question 20

The main purpose of the Troubled Asset Relief Program was to

Accepted Answer

A) quickly provide jobs to the unemployed. 
B) shore up shaky financial institutions. 
C) lower the rate of inflation. 
D) demonstrate that only the Fed controlled economic policy. 
E) help out the European economy and boost demand for American exports. 
A) quickly provide jobs to the unemployed. 
B) shore up shaky financial institutions. 
C) lower the rate of inflation. 
D) demonstrate that only the Fed controlled economic policy. 
E) help out the European economy and boost demand for American exports.

Which of the following is true of the climate change issue?

The ________ established minimum wages.

Which of the following statements best describes the relationship today between government and the economy in the United States?

When was the last time the U.S.government had a balanced budget?

The Progressive Era of government regulation focused on

During what has become known as the Great Recession,the Fed began to purchase the assets of member banks.This new monetary control mechanism used by the Fed was known as

Economic efficiency requires

Of the following countries,which has done the least to reduce greenhouse gas emissions?

________ wrote Silent Spring in 1962.

Fiscal policy is a mechanism the government employs to influence the economy.Fiscal policy is based on

Passed in 2010,the Dodd-Frank Wall Street Reform and Consumer Act

The Federal Reserve System

Which of the following is correct about environmental policy?

Explain the difference between economic efficiency and economic equity as principles that justify government regulation of the economy.

Define the term fiscal policy and explain how fiscal policy can be used in response to economic conditions.

Monetary policy differs from fiscal policy in that

The total cumulative amount the federal government owes to its creditors is known as

A ruling by the Food and Drug Administration that a drug is dangerous to use and therefore cannot be marketed is an example of regulation for the purpose of

Which of the following has been a major impediment to any U.S.action to reduce its carbon emissions as a means of reducing climate change?

The main purpose of the Troubled Asset Relief Program was to

Political Thinking and Political Culture: Becoming a Responsible Citizen

Constitutional Democracy: Promoting Liberty and Self-Government

Federalism: Forging a Nation

Civil Liberties: Protecting Individual Rights

Equal Rights: Struggling Toward Fairness

Public Opinion and Political Socialization: Shaping the Peoples Voice

Political Participation: Activating the Popular Will

Political Parties,candidates,and Campaigns: Defining the Voters Choice

Interest Groups: Organizing for Influence

The News Media: Communicating Political Images

Congress: Balancing National Goals and Local Interests

The Presidency: Leading the Nation

The Federal Bureaucracy: Administering the Government

The Federal Judicial System: Applying the Law

Income,welfare,and Education Policy: Providing for Personal Security

Foreign Policy: Protecting the American Way

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Exam 15: Economic and Environmental Policy: Contributing to Prosperity

Which of the following is true of the climate change issue?

The ________ established minimum wages.

Which of the following statements best describes the relationship today between government and the economy in the United States?

When was the last time the U.S.government had a balanced budget?

The Progressive Era of government regulation focused on

During what has become known as the Great Recession,the Fed began to purchase the assets of member banks.This new monetary control mechanism used by the Fed was known as

Economic efficiency requires

Of the following countries,which has done the least to reduce greenhouse gas emissions?

________ wrote Silent Spring in 1962.

Fiscal policy is a mechanism the government employs to influence the economy.Fiscal policy is based on

Passed in 2010,the Dodd-Frank Wall Street Reform and Consumer Act

The Federal Reserve System

Which of the following is correct about environmental policy?

Explain the difference between economic efficiency and economic equity as principles that justify government regulation of the economy.

Define the term fiscal policy and explain how fiscal policy can be used in response to economic conditions.

Monetary policy differs from fiscal policy in that

The total cumulative amount the federal government owes to its creditors is known as

A ruling by the Food and Drug Administration that a drug is dangerous to use and therefore cannot be marketed is an example of regulation for the purpose of

Which of the following has been a major impediment to any U.S.action to reduce its carbon emissions as a means of reducing climate change?

The main purpose of the Troubled Asset Relief Program was to

Political Thinking and Political Culture: Becoming a Responsible Citizen

Constitutional Democracy: Promoting Liberty and Self-Government

Federalism: Forging a Nation

Civil Liberties: Protecting Individual Rights

Equal Rights: Struggling Toward Fairness

Public Opinion and Political Socialization: Shaping the Peoples Voice

Political Participation: Activating the Popular Will

Political Parties,candidates,and Campaigns: Defining the Voters Choice

Interest Groups: Organizing for Influence

The News Media: Communicating Political Images

Congress: Balancing National Goals and Local Interests

The Presidency: Leading the Nation

The Federal Bureaucracy: Administering the Government

The Federal Judicial System: Applying the Law

Income,welfare,and Education Policy: Providing for Personal Security

Foreign Policy: Protecting the American Way

Filters