Question 1

To address the budget shortfall in the 2012-2013 budget,the most common tactic used by the legislature was

Accepted Answer

A)  raising tax rates. 
B)  borrowing from the federal government. 
C)  spending cuts. 
D)  a newly implemented income tax. 
A)  raising tax rates. 
B)  borrowing from the federal government. 
C)  spending cuts. 
D)  a newly implemented income tax.

Question 2

Article 8 of the Texas Constitution specifies that the growth in appropriations cannot be more than the growth of the state's economy.

Accepted Answer

A) True 
 B)False

Question 3

From an overall standpoint,which statement is true?

Accepted Answer

A)  The Texas economy is closely tied to the national economy. 
B)  The Texas economy is largely immune to the national economy. 
C)  The Texas economy is much larger than the national economy. 
D)  The Texas budget cycle effectively insulates the state economy from the rest of the world. 
A)  The Texas economy is closely tied to the national economy. 
B)  The Texas economy is largely immune to the national economy. 
C)  The Texas economy is much larger than the national economy. 
D)  The Texas budget cycle effectively insulates the state economy from the rest of the world.

Question 4

The Legislative Budget Board plays an important role in the budget process in Texas.

Accepted Answer

A) True 
 B)False

Question 5

In a comparison of the 15 most populous states,where did Texas rank in the amount of revenue raised per $1,000 of personal income?

Accepted Answer

A)  It was the median. 
B)  highest 
C)  near the lowest 
D)  near the highest 
A)  It was the median. 
B)  highest 
C)  near the lowest 
D)  near the highest

Question 6

How was Texas able to delay the full impact of the recession on the Texas budget? What factors will continue to dominate public finance over the next biennium?

Accepted Answer

a.Two factors delayed the recession: Fir

Question 7

Texas has a reputation of being a ________ state.

Accepted Answer

A)  "low service, high tax" 
B)  "low service, low tax" 
C)  "no services, low tax" 
D)  "high service, high tax" 
A)  "low service, high tax" 
B)  "low service, low tax" 
C)  "no services, low tax" 
D)  "high service, high tax"

Question 8

Texas's 6.25 percent sales tax is the highest in the nation.

Accepted Answer

A) True 
 B)False

Question 9

Why must the Texas legislature maintain a balanced budget?

Accepted Answer

A)  It is required by the U.S. Constitution. 
B)  It is required by the Texas Constitution. 
C)  Each legislative session decides to balance or not balance the state budget. 
D)  The Texas Office of the Comptroller writes the state budget. 
A)  It is required by the U.S. Constitution. 
B)  It is required by the Texas Constitution. 
C)  Each legislative session decides to balance or not balance the state budget. 
D)  The Texas Office of the Comptroller writes the state budget.

Question 10

Which statement regarding state-federal spending in Texas is true?

Accepted Answer

A)  Texas spends more on state-federal programs than most states do. 
B)  Texas spends less on state-federal programs than most states do. 
C)  Texas spends more than any other state for state-federal programs because Texans favor massive public welfare programs. 
D)  State-federal spending in Texas has been historically high relative to that of the rest of the states. 
A)  Texas spends more on state-federal programs than most states do. 
B)  Texas spends less on state-federal programs than most states do. 
C)  Texas spends more than any other state for state-federal programs because Texans favor massive public welfare programs. 
D)  State-federal spending in Texas has been historically high relative to that of the rest of the states.

Question 11

Which fund is a major dedicated fund?

Accepted Answer

A)  Higher Education Research Fund 
B)  Permanent Parks Fund 
C)  Permanent University Fund 
D)  Public School Endowment Fund 
A)  Higher Education Research Fund 
B)  Permanent Parks Fund 
C)  Permanent University Fund 
D)  Public School Endowment Fund

Question 12

The Texas economy is tied to the booms and busts of the national economy.

Accepted Answer

A) True 
 B)False

Question 13

Much of the money in the state budget lies outside the direct control of the legislature.

Accepted Answer

A) True 
 B)False

Question 14

Under Texas's budgetary system,there is NO power to shift monies between agencies or programs when the legislature in NOT in session.

Accepted Answer

A) True 
 B)False

Question 15

Texas spending on a per capita basis is

Accepted Answer

A)  about even with the national average. 
B)  much higher than the national average. 
C)  much lower than the national average. 
D)  among the highest, particularly in education. 
A)  about even with the national average. 
B)  much higher than the national average. 
C)  much lower than the national average. 
D)  among the highest, particularly in education.

Question 16

In 2003,state political leaders found themselves staring at a $10 billion shortfall in the upcoming budget period.One way to close the budget gap without raising taxes was

Accepted Answer

A)  to cut higher education funding. 
B)  to allow universities the option to approve a four-year fixed tuition program. 
C)  to allocate monies to UT Austin from the state's Permanent University Fund. 
D)  to allocate monies to other Texas schools from the Available University Fund. 
A)  to cut higher education funding. 
B)  to allow universities the option to approve a four-year fixed tuition program. 
C)  to allocate monies to UT Austin from the state's Permanent University Fund. 
D)  to allocate monies to other Texas schools from the Available University Fund.

Question 17

Nationally,what two factors caused the bubble in the real estate market?

Accepted Answer

A)  high interest rates and high foreclosures 
B)  low interest rates and high credit standards 
C)  low interest rates and loose credit standards 
D)  tight credit standards and low interest rates 
A)  high interest rates and high foreclosures 
B)  low interest rates and high credit standards 
C)  low interest rates and loose credit standards 
D)  tight credit standards and low interest rates

Question 18

The ________ is a dedicated fund established by the constitution for the support of public education in the state.

Accepted Answer

A)  Permanent University Fund 
B)  Available School Fund 
C)  National Research University Fund 
D)  state lottery 
A)  Permanent University Fund 
B)  Available School Fund 
C)  National Research University Fund 
D)  state lottery

Question 19

In 2012,Texas ranked ________ when compared to other states on per capita federal dollars flowing into the state.

Accepted Answer

A)  low 
B)  high 
C)  first 
D)  last 
A)  low 
B)  high 
C)  first 
D)  last

Question 20

In theory,Texas has a dual-budget system,meaning the budget authority is shared by the governor and the legislature; however,in practice,the primary player(s)in the budget is/are

Accepted Answer

A)  the governor. 
B)  the legislature. 
C)  the taxpayers. 
D)  special interests. 
A)  the governor. 
B)  the legislature. 
C)  the taxpayers. 
D)  special interests.

To address the budget shortfall in the 2012-2013 budget,the most common tactic used by the legislature was

Article 8 of the Texas Constitution specifies that the growth in appropriations cannot be more than the growth of the state's economy.

From an overall standpoint,which statement is true?

The Legislative Budget Board plays an important role in the budget process in Texas.

In a comparison of the 15 most populous states,where did Texas rank in the amount of revenue raised per $1,000 of personal income?

How was Texas able to delay the full impact of the recession on the Texas budget? What factors will continue to dominate public finance over the next biennium?

Texas has a reputation of being a ________ state.

Texas's 6.25 percent sales tax is the highest in the nation.

Why must the Texas legislature maintain a balanced budget?

Which statement regarding state-federal spending in Texas is true?

Which fund is a major dedicated fund?

The Texas economy is tied to the booms and busts of the national economy.

Much of the money in the state budget lies outside the direct control of the legislature.

Under Texas's budgetary system,there is NO power to shift monies between agencies or programs when the legislature in NOT in session.

Texas spending on a per capita basis is

In 2003,state political leaders found themselves staring at a $10 billion shortfall in the upcoming budget period.One way to close the budget gap without raising taxes was

Nationally,what two factors caused the bubble in the real estate market?

The ________ is a dedicated fund established by the constitution for the support of public education in the state.

In 2012,Texas ranked ________ when compared to other states on per capita federal dollars flowing into the state.

In theory,Texas has a dual-budget system,meaning the budget authority is shared by the governor and the legislature; however,in practice,the primary player(s)in the budget is/are

The Political Culture,People,and Economy of Texas

The Texas Constitution

Texas in the Federal System

Political Parties

Campaigns and Elections

Interest Groups and Lobbying

The Legislature

The Executive Branch

The Judiciary

Local Government

Public Policy

Crime and Corrections Policy

Filters

Exam 11: Public Finance

To address the budget shortfall in the 2012-2013 budget,the most common tactic used by the legislature was

Article 8 of the Texas Constitution specifies that the growth in appropriations cannot be more than the growth of the state's economy.

From an overall standpoint,which statement is true?

The Legislative Budget Board plays an important role in the budget process in Texas.

In a comparison of the 15 most populous states,where did Texas rank in the amount of revenue raised per $1,000 of personal income?

How was Texas able to delay the full impact of the recession on the Texas budget? What factors will continue to dominate public finance over the next biennium?

Texas has a reputation of being a ________ state.

Texas's 6.25 percent sales tax is the highest in the nation.

Why must the Texas legislature maintain a balanced budget?

Which statement regarding state-federal spending in Texas is true?

Which fund is a major dedicated fund?

The Texas economy is tied to the booms and busts of the national economy.

Much of the money in the state budget lies outside the direct control of the legislature.

Under Texas's budgetary system,there is NO power to shift monies between agencies or programs when the legislature in NOT in session.

Texas spending on a per capita basis is

In 2003,state political leaders found themselves staring at a $10 billion shortfall in the upcoming budget period.One way to close the budget gap without raising taxes was

Nationally,what two factors caused the bubble in the real estate market?

The ________ is a dedicated fund established by the constitution for the support of public education in the state.

In 2012,Texas ranked ________ when compared to other states on per capita federal dollars flowing into the state.

In theory,Texas has a dual-budget system,meaning the budget authority is shared by the governor and the legislature; however,in practice,the primary player(s)in the budget is/are

The Political Culture,People,and Economy of Texas

The Texas Constitution

Texas in the Federal System

Political Parties

Campaigns and Elections

Interest Groups and Lobbying

The Legislature

The Executive Branch

The Judiciary

Local Government

Public Policy

Crime and Corrections Policy

Filters