Question 1

The percentage of Americans who are seeking work but unable to find it is called __________.

Accepted Answer

A)  the entitlement rate 
B)  the workforce rate 
C)  the unemployment rate 
D)  the underemployment rate 
A)  the entitlement rate 
B)  the workforce rate 
C)  the unemployment rate 
D)  the underemployment rate

Question 2

What was the purpose of the Personal Responsibility and Work Opportunity Reconciliation Act,and what effect has it had?

Accepted Answer

An ideal response will:
1.Describe the i

Question 3

If the Fed were to have raised interest rates in the months leading up to the 2012 presidential election,what might have been the expected outcome?

Accepted Answer

A)  The economy would have become stronger. 
B)  The economy would have weakened further. 
C)  Imports would have increased. 
D)  Unemployment would have decreased. 
A)  The economy would have become stronger. 
B)  The economy would have weakened further. 
C)  Imports would have increased. 
D)  Unemployment would have decreased.

Question 4

According to laissez-faire economic theory,what should the government do during an economic downturn?

Accepted Answer

A)  raise taxes 
B)  increase government spending on infrastructure projects 
C)  bail out failing industries that are at the core of our economy 
D)  nothing 
A)  raise taxes 
B)  increase government spending on infrastructure projects 
C)  bail out failing industries that are at the core of our economy 
D)  nothing

Question 5

According to monetarism,too little debt produces inflation.

Accepted Answer

A) True 
 B)False

Question 6

The unemployment rate is best understood as __________.

Accepted Answer

A)  the rate at which Americans lose their jobs 
B)  the percentage of Americans who are out of work 
C)  the percentage of Americans seeking work who are unable to find it 
D)  the percentage of available jobs per 60,000 households 
A)  the rate at which Americans lose their jobs 
B)  the percentage of Americans who are out of work 
C)  the percentage of Americans seeking work who are unable to find it 
D)  the percentage of available jobs per 60,000 households

Question 7

Which of the following is a concern about the Social Security Trust Fund?

Accepted Answer

A)  The rate of Social Security payroll taxes will continue to decrease unless Congress changes the law. 
B)  The number of current retirees contributing to the fund will continue to decrease as the number of seniors continue to work after traditional retirement age. 
C)  Soon there will be too few workers contributing to the Trust Fund to support the increasing number of retirees. 
D)  Soon the Trust Fund will need to pay back the money it borrowed from the general treasury but it does not look like it will be able to repay this loan. 
A)  The rate of Social Security payroll taxes will continue to decrease unless Congress changes the law. 
B)  The number of current retirees contributing to the fund will continue to decrease as the number of seniors continue to work after traditional retirement age. 
C)  Soon there will be too few workers contributing to the Trust Fund to support the increasing number of retirees. 
D)  Soon the Trust Fund will need to pay back the money it borrowed from the general treasury but it does not look like it will be able to repay this loan.

Question 8

Discuss U.S.policies to assist the poor initiated by presidents from Franklin Roosevelt to Barack Obama.What has changed from "welfare as we know it" to our contemporary welfare programs,what factors have driven those changes,and what are the consequences?

Accepted Answer

An ideal response will:
1.Begin by notin

Question 9

To what does the text attribute the declining poverty rate among the elderly?

Accepted Answer

A)  the feminization of poverty 
B)  progressive taxation 
C)  Social Security 
D)  supply-side economics 
A)  the feminization of poverty 
B)  progressive taxation 
C)  Social Security 
D)  supply-side economics

Question 10

Elected officials are often unresponsive to the policy preferences of low-income citizens.

Accepted Answer

A) True 
 B)False

Question 11

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 12

The money supply contracts when the Federal Reserve Board increases interest rates.

Accepted Answer

A) True 
 B)False

Question 13

Briefly compare and contrast progressive,proportional,and regressive taxes.Give an example of a progressive tax and of a regressive tax.

Accepted Answer

An ideal response will:
1.Explain that a

Question 14

The chance that a person will suddenly fall into a much lower income bracket is higher in the United States than it is in most other industrialized countries.

Accepted Answer

A) True 
 B)False

Question 15

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 16

The __________ is the main governmental agency responsible for monetary policy in the United States.

Accepted Answer

Federal Re

Question 17

Which of the following would indicate that the economy is experiencing inflation?

Accepted Answer

A)  The cost of groceries is increasing. 
B)  Goods are becoming less expensive. 
C)  The federal government is lowering tax rates. 
D)  The Federal Reserve is increasing the money supply. 
A)  The cost of groceries is increasing. 
B)  Goods are becoming less expensive. 
C)  The federal government is lowering tax rates. 
D)  The Federal Reserve is increasing the money supply.

Question 18

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 19

Which of the following most accurately describes the recent financial crisis in the United States?

Accepted Answer

A)  a depression 
B)  an inflationary cycle 
C)  a mild recession 
D)  a severe recession 
A)  a depression 
B)  an inflationary cycle 
C)  a mild recession 
D)  a severe recession

Question 20

Federal law does not require that employers give any paid leave to employees with a new baby.

Accepted Answer

A) True 
 B)False

The percentage of Americans who are seeking work but unable to find it is called __________.

What was the purpose of the Personal Responsibility and Work Opportunity Reconciliation Act,and what effect has it had?

If the Fed were to have raised interest rates in the months leading up to the 2012 presidential election,what might have been the expected outcome?

According to laissez-faire economic theory,what should the government do during an economic downturn?

According to monetarism,too little debt produces inflation.

The unemployment rate is best understood as __________.

Which of the following is a concern about the Social Security Trust Fund?

Discuss U.S.policies to assist the poor initiated by presidents from Franklin Roosevelt to Barack Obama.What has changed from "welfare as we know it" to our contemporary welfare programs,what factors have driven those changes,and what are the consequences?

To what does the text attribute the declining poverty rate among the elderly?

Elected officials are often unresponsive to the policy preferences of low-income citizens.

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

The money supply contracts when the Federal Reserve Board increases interest rates.

Briefly compare and contrast progressive,proportional,and regressive taxes.Give an example of a progressive tax and of a regressive tax.

The chance that a person will suddenly fall into a much lower income bracket is higher in the United States than it is in most other industrialized countries.

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

The __________ is the main governmental agency responsible for monetary policy in the United States.

Which of the following would indicate that the economy is experiencing inflation?

What is the main purpose of monetary policy?

Which of the following most accurately describes the recent financial crisis in the United States?

Federal law does not require that employers give any paid leave to employees with a new baby.

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

Understanding Health Care, Environmental, and Energy Policy

National Security Policymaking

Filters

Exam 16: Economic and Social Welfare Policymaking

The percentage of Americans who are seeking work but unable to find it is called __________.

What was the purpose of the Personal Responsibility and Work Opportunity Reconciliation Act,and what effect has it had?

If the Fed were to have raised interest rates in the months leading up to the 2012 presidential election,what might have been the expected outcome?

According to laissez-faire economic theory,what should the government do during an economic downturn?

According to monetarism,too little debt produces inflation.

The unemployment rate is best understood as __________.

Which of the following is a concern about the Social Security Trust Fund?

Discuss U.S.policies to assist the poor initiated by presidents from Franklin Roosevelt to Barack Obama.What has changed from "welfare as we know it" to our contemporary welfare programs,what factors have driven those changes,and what are the consequences?

To what does the text attribute the declining poverty rate among the elderly?

Elected officials are often unresponsive to the policy preferences of low-income citizens.

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

The money supply contracts when the Federal Reserve Board increases interest rates.

Briefly compare and contrast progressive,proportional,and regressive taxes.Give an example of a progressive tax and of a regressive tax.

The chance that a person will suddenly fall into a much lower income bracket is higher in the United States than it is in most other industrialized countries.

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

The __________ is the main governmental agency responsible for monetary policy in the United States.

Which of the following would indicate that the economy is experiencing inflation?

What is the main purpose of monetary policy?

Which of the following most accurately describes the recent financial crisis in the United States?

Federal law does not require that employers give any paid leave to employees with a new baby.

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

Understanding Health Care, Environmental, and Energy Policy

National Security Policymaking

Filters