Question 1

What is causing the scope of government to increase?

Accepted Answer

A) poor economic management by the Federal Reserve board- 
B) the growth in social welfare spending for programs like Social Security and Medicare 
C) frequent and lingering episodes of inflation 
D) increasingly regressive taxes and rising energy costs 
A) poor economic management by the Federal Reserve board- 
B) the growth in social welfare spending for programs like Social Security and Medicare 
C) frequent and lingering episodes of inflation 
D) increasingly regressive taxes and rising energy costs

Question 2

Who is primarily responsible for making monetary policy in the United States?

Accepted Answer

A) Congress- 
B) the president 
C) the Department of the Treasury 
D) the Federal Reserve Board 
A) Congress- 
B) the president 
C) the Department of the Treasury 
D) the Federal Reserve Board

Question 3

Laissez-faire economics holds which of the following to be true?

Accepted Answer

A) The government should raise interest rates during a recession. 
B) The government should not intervene in the economy. 
C) The government should actively work to reduce unemployment. 
D) The government should lower interest rates during a recession.- 
A) The government should raise interest rates during a recession. 
B) The government should not intervene in the economy. 
C) The government should actively work to reduce unemployment. 
D) The government should lower interest rates during a recession.-

Question 4

Which group has the highest poverty rate?

Accepted Answer

A) the elderly 
B) Hispanics- 
C) central-city residents 
D) unmarried women 
A) the elderly 
B) Hispanics- 
C) central-city residents 
D) unmarried women

Question 5

What is a government program called that provides benefits to qualified citizens regardless of need?

Accepted Answer

A) an economic stimulus program 
B) an entitlement program 
C) a means-tested program- 
D) a command-and-control program 
A) an economic stimulus program 
B) an entitlement program 
C) a means-tested program- 
D) a command-and-control program

Question 6

What is the main purpose of monetary policy?

Accepted Answer

A) to control the supply of money and credit 
B) to control the amount of public debt sold to foreign states 
C) to control the interest rates on money lent to foreign states- 
D) to equalize income disparity among citizens 
A) to control the supply of money and credit 
B) to control the amount of public debt sold to foreign states 
C) to control the interest rates on money lent to foreign states- 
D) to equalize income disparity among citizens

Question 7

Which of these statements best describes the possible effect of efforts by the Federal Reserve Board to lower interest rates?

Accepted Answer

A) They can lead to lower capital gains tax rates. 
B) They can lead to higher unemployment in years of budget deficits. 
C) They can spur economic growth by increasing the cost of money for business.- 
D) They can spur economic growth by increasing the available money supply. 
A) They can lead to lower capital gains tax rates. 
B) They can lead to higher unemployment in years of budget deficits. 
C) They can spur economic growth by increasing the cost of money for business.- 
D) They can spur economic growth by increasing the available money supply.

Question 8

If the Federal Reserve Board wanted to slow the rate of economic growth,it would most likely __________.

Accepted Answer

A) encourage the president to lower taxes 
B) increase interest rates 
C) increase the money supply- 
D) lower capital gains rates 
A) encourage the president to lower taxes 
B) increase interest rates 
C) increase the money supply- 
D) lower capital gains rates

Question 9

What did the Social Security Act of 1935 create besides Social Security for the elderly?

Accepted Answer

A) a program to assist some poor Americans that was later called Aid to Families with Dependent Children 
B) disability insurance 
C) Temporary Assistance for Needy Families- 
D) unemployment benefits 
A) a program to assist some poor Americans that was later called Aid to Families with Dependent Children 
B) disability insurance 
C) Temporary Assistance for Needy Families- 
D) unemployment benefits

Question 10

Inflation is best understood as the rate at which __________.

Accepted Answer

A) gross domestic product expands 
B) the money supply expands - 
C) prices for goods and services increase 
D) the federal government increases taxes 
A) gross domestic product expands 
B) the money supply expands - 
C) prices for goods and services increase 
D) the federal government increases taxes

Question 11

Which of the following is an entitlement program?

Accepted Answer

A) food stamps 
B) Medicaid- 
C) Medicare 
D) employer-provided health insurance 
A) food stamps 
B) Medicaid- 
C) Medicare 
D) employer-provided health insurance

Question 12

What is one of the problems with using official poverty counts?

Accepted Answer

A) The formula is based on food costs,which have declined relative to other expenses. 
B) They tend to underestimate the number of children who live in poverty. 
C) They tend to exaggerate the number of women who live in poverty. 
D) They tend to overestimate the amount of people in poverty.- 
A) The formula is based on food costs,which have declined relative to other expenses. 
B) They tend to underestimate the number of children who live in poverty. 
C) They tend to exaggerate the number of women who live in poverty. 
D) They tend to overestimate the amount of people in poverty.-

What is causing the scope of government to increase?

Who is primarily responsible for making monetary policy in the United States?

Laissez-faire economics holds which of the following to be true?

Which group has the highest poverty rate?

What is a government program called that provides benefits to qualified citizens regardless of need?

What is the main purpose of monetary policy?

Which of these statements best describes the possible effect of efforts by the Federal Reserve Board to lower interest rates?

If the Federal Reserve Board wanted to slow the rate of economic growth,it would most likely __________.

What did the Social Security Act of 1935 create besides Social Security for the elderly?

Inflation is best understood as the rate at which __________.

Which of the following is an entitlement program?

What is one of the problems with using official poverty counts?

Introducing Government in America

The Constitution

Federalism

Civil Liberties and Public Policy

Civil Rights and Public Policy

Public Opinion and Political Action

The Mass Media and the Political Agenda

Political Parties

Campaigns and Voting Behavior

Interest Groups

Congress

The Presidency

The Budget: the Politics of Taxing and Spending

The Federal Bureaucracy

The Federal Courts

Policymaking for Health Care, the Environment, and Energy

National Security Policymaking

Filters

Exam 16: Economic and Social Welfare Policymaking

What is causing the scope of government to increase?

Who is primarily responsible for making monetary policy in the United States?

Laissez-faire economics holds which of the following to be true?

Which group has the highest poverty rate?

What is a government program called that provides benefits to qualified citizens regardless of need?

What is the main purpose of monetary policy?

Which of these statements best describes the possible effect of efforts by the Federal Reserve Board to lower interest rates?

If the Federal Reserve Board wanted to slow the rate of economic growth,it would most likely __________.

What did the Social Security Act of 1935 create besides Social Security for the elderly?

Inflation is best understood as the rate at which __________.

Which of the following is an entitlement program?

What is one of the problems with using official poverty counts?

Introducing Government in America

The Constitution

Federalism

Civil Liberties and Public Policy

Civil Rights and Public Policy

Public Opinion and Political Action

The Mass Media and the Political Agenda

Political Parties

Campaigns and Voting Behavior

Interest Groups

Congress

The Presidency

The Budget: the Politics of Taxing and Spending

The Federal Bureaucracy

The Federal Courts

Policymaking for Health Care, the Environment, and Energy

National Security Policymaking

Filters