Question 1

What is the name for a bond whose repayment is guaranteed by the full faith and credit of the state?

Accepted Answer

A)  Revenue bond 
B)  General obligation bond 
C)  Special assessment bond 
D)  Limited obligation bond 
E)  High-yield bond 
A)  Revenue bond 
B)  General obligation bond 
C)  Special assessment bond 
D)  Limited obligation bond 
E)  High-yield bond

Question 2

In Texas,which of these provides budget makers with projected revenue levels?

Accepted Answer

A)  State Auditor's Office 
B)  State Comptroller of Public Accounts 
C)  General Accounting Office 
D)  Governor's Office of Budget and Policy 
E)  Senate Finance Committee 
A)  State Auditor's Office 
B)  State Comptroller of Public Accounts 
C)  General Accounting Office 
D)  Governor's Office of Budget and Policy 
E)  Senate Finance Committee

Question 3

Describe the difference between progressive and regressive revenues.Which groups in society benefit from each? Explain.

Accepted Answer

Progressive revenues refer to a tax syst

Question 4

Which group of Texans pays the most in taxes in proportion to their income?

Accepted Answer

A)  Middle class 
B)  Wealthiest 20 percent 
C)  Purchasers of luxury cars 
D)  Poorest 20 percent 
E)  Purchasers of upscale homes 
A)  Middle class 
B)  Wealthiest 20 percent 
C)  Purchasers of luxury cars 
D)  Poorest 20 percent 
E)  Purchasers of upscale homes

Question 5

Explain the state's role in helping students afford a higher education.

Accepted Answer

The state plays a crucial role in helpin

Question 6

What are grants-in-aid?

Accepted Answer

A)  Gifts of money from one government to another 
B)  State matching of federal funds 
C)  Money from private foundations to the state 
D)  Federal money given to states based on income tax ratios 
E)  Money paid to the state by dog- and horse-racing tracks 
A)  Gifts of money from one government to another 
B)  State matching of federal funds 
C)  Money from private foundations to the state 
D)  Federal money given to states based on income tax ratios 
E)  Money paid to the state by dog- and horse-racing tracks

Question 7

Describe the various taxes imposed by the state of Texas to raise revenues.Identify the population that each tax targets and an approximation of which taxes raise the most revenues.

Accepted Answer

The state of Texas imposes various taxes

Question 8

The "Robin Hood" plan is an attempt to equalize funding among which type of educational institution?

Accepted Answer

A)  Charter schools 
B)  Public schools 
C)  Private universities 
D)  Public universities 
E)  Community colleges 
A)  Charter schools 
B)  Public schools 
C)  Private universities 
D)  Public universities 
E)  Community colleges

Question 9

Summarize the procedure for developing and approving a state budget in Texas including the roles of both the executive and legislative branches.What are the positive and negative aspects of using a two-year budget cycle?

Accepted Answer

The procedure for developing and approvi

Question 10

Which program allows parents to lock in the cost of future tuition and fees at a state university or college?

Accepted Answer

A)  Teach for Texas Fund 
B)  Tuition Stability Fund 
C)  Available University Funds 
D)  Texas Grant towards Excellence Fund 
E)  Texas Tomorrow Funds 
A)  Teach for Texas Fund 
B)  Tuition Stability Fund 
C)  Available University Funds 
D)  Texas Grant towards Excellence Fund 
E)  Texas Tomorrow Funds

Question 11

Where does Texas rank among the states in terms of the tax burden on its citizens?

Accepted Answer

A)  At the very top 
B)  About twentieth 
C)  About thirty-fifth 
D)  Near the bottom 
E)  In the top ten 
A)  At the very top 
B)  About twentieth 
C)  About thirty-fifth 
D)  Near the bottom 
E)  In the top ten

Question 12

What legal mechanisms are in place to keep the Texas budget balanced?

Accepted Answer

Texas, like many other states in the Uni

Question 13

How does a budget passed by the Texas legislature differ from the federal budget?

Accepted Answer

A)  It must pass both the House and Senate. 
B)  It requires a four-fifths vote to override a veto. 
C)  It authorizes spending for a two-year period. 
D)  It must go to the chief executive for approval. 
E)  It must include spending for public assistance programs. 
A)  It must pass both the House and Senate. 
B)  It requires a four-fifths vote to override a veto. 
C)  It authorizes spending for a two-year period. 
D)  It must go to the chief executive for approval. 
E)  It must include spending for public assistance programs.

Question 14

Explain the role of the Legislative Budget Board.

Accepted Answer

The Legislative Budget Board (LBB) is a

Question 15

Summarize the state's efforts to collect sales tax from online businesses.

Accepted Answer

The state's efforts to collect sales tax

Question 16

Which tactic does Texas often use to balance the budget?

Accepted Answer

A)  Raising the state income tax 
B)  Increasing fees on various businesses 
C)  Reducing funding for high-cost items such as Medicaid 
D)  Borrowing from the Rainy Day Fund 
E)  Asking the federal government for a loan 
A)  Raising the state income tax 
B)  Increasing fees on various businesses 
C)  Reducing funding for high-cost items such as Medicaid 
D)  Borrowing from the Rainy Day Fund 
E)  Asking the federal government for a loan

Question 17

What is the purpose of the Economic Stabilization Fund in Texas? Describe how it was created and is used.

Accepted Answer

The purpose of the Economic Stabilizatio

Question 18

Which of these types of policy concerns government decisions regarding revenues,expenditures,and borrowing?

Accepted Answer

A)  Monetary policy 
B)  Foreign policy 
C)  Banking policy 
D)  Fiscal policy 
E)  Economic policy 
A)  Monetary policy 
B)  Foreign policy 
C)  Banking policy 
D)  Fiscal policy 
E)  Economic policy

Question 19

Texas state government depends heavily on which type of tax to finance services?

Accepted Answer

A)  State income tax 
B)  Sales tax 
C)  Franchise tax 
D)  Severance tax 
E)  Estate tax 
A)  State income tax 
B)  Sales tax 
C)  Franchise tax 
D)  Severance tax 
E)  Estate tax

Question 20

So-called "sin taxes" are levies placed on what types of commodities or activities?

Accepted Answer

A)  Alcohol,mixed drinks,and tobacco 
B)  Food,clothing,and drinks 
C)  Hotel and restaurant revenues 
D)  Hunting and fishing activities 
E)  Sporting activities 
A)  Alcohol,mixed drinks,and tobacco 
B)  Food,clothing,and drinks 
C)  Hotel and restaurant revenues 
D)  Hunting and fishing activities 
E)  Sporting activities

What is the name for a bond whose repayment is guaranteed by the full faith and credit of the state?

In Texas,which of these provides budget makers with projected revenue levels?

Describe the difference between progressive and regressive revenues.Which groups in society benefit from each? Explain.

Which group of Texans pays the most in taxes in proportion to their income?

Explain the state's role in helping students afford a higher education.

What are grants-in-aid?

Describe the various taxes imposed by the state of Texas to raise revenues.Identify the population that each tax targets and an approximation of which taxes raise the most revenues.

The "Robin Hood" plan is an attempt to equalize funding among which type of educational institution?

Summarize the procedure for developing and approving a state budget in Texas including the roles of both the executive and legislative branches.What are the positive and negative aspects of using a two-year budget cycle?

Which program allows parents to lock in the cost of future tuition and fees at a state university or college?

Where does Texas rank among the states in terms of the tax burden on its citizens?

What legal mechanisms are in place to keep the Texas budget balanced?

How does a budget passed by the Texas legislature differ from the federal budget?

Explain the role of the Legislative Budget Board.

Summarize the state's efforts to collect sales tax from online businesses.

Which tactic does Texas often use to balance the budget?

What is the purpose of the Economic Stabilization Fund in Texas? Describe how it was created and is used.

Which of these types of policy concerns government decisions regarding revenues,expenditures,and borrowing?

Texas state government depends heavily on which type of tax to finance services?

So-called "sin taxes" are levies placed on what types of commodities or activities?

The Environment of Texas Politics

Federalism and the Texas Constitution

Local Governments

Political Parties

Campaigns and Elections

The Media and Politics

The Politics of Interest Groups

The Legislative Branch

The Executive Branch

The Judicial Branch

Public Policy and Administration

The Criminal Justice System

Filters

Exam 11: Finance and Fiscal Policy

What is the name for a bond whose repayment is guaranteed by the full faith and credit of the state?

In Texas,which of these provides budget makers with projected revenue levels?

Describe the difference between progressive and regressive revenues.Which groups in society benefit from each? Explain.

Which group of Texans pays the most in taxes in proportion to their income?

Explain the state's role in helping students afford a higher education.

What are grants-in-aid?

Describe the various taxes imposed by the state of Texas to raise revenues.Identify the population that each tax targets and an approximation of which taxes raise the most revenues.

The "Robin Hood" plan is an attempt to equalize funding among which type of educational institution?

Summarize the procedure for developing and approving a state budget in Texas including the roles of both the executive and legislative branches.What are the positive and negative aspects of using a two-year budget cycle?

Which program allows parents to lock in the cost of future tuition and fees at a state university or college?

Where does Texas rank among the states in terms of the tax burden on its citizens?

What legal mechanisms are in place to keep the Texas budget balanced?

How does a budget passed by the Texas legislature differ from the federal budget?

Explain the role of the Legislative Budget Board.

Summarize the state's efforts to collect sales tax from online businesses.

Which tactic does Texas often use to balance the budget?

What is the purpose of the Economic Stabilization Fund in Texas? Describe how it was created and is used.

Which of these types of policy concerns government decisions regarding revenues,expenditures,and borrowing?

Texas state government depends heavily on which type of tax to finance services?

So-called "sin taxes" are levies placed on what types of commodities or activities?

The Environment of Texas Politics

Federalism and the Texas Constitution

Local Governments

Political Parties

Campaigns and Elections

The Media and Politics

The Politics of Interest Groups

The Legislative Branch

The Executive Branch

The Judicial Branch

Public Policy and Administration

The Criminal Justice System

Filters