Question 1

Which of the following statements is true of public debt?

Accepted Answer

A) Public debt is also known as fiscal debt. 
B) The net public debt includes sums that the government owes to itself. 
C) The Department of Commerce sells IOUs on behalf of the U.S. government. 
D) The interest on treasuries is paid by federal taxes. 
E) The net public debt does not include funds held by the Federal Reserve System. 
A) Public debt is also known as fiscal debt. 
B) The net public debt includes sums that the government owes to itself. 
C) The Department of Commerce sells IOUs on behalf of the U.S. government. 
D) The interest on treasuries is paid by federal taxes. 
E) The net public debt does not include funds held by the Federal Reserve System. D

Question 2

Which of the following statements is true of nuclear energy?

Accepted Answer

A) It releases greenhouse gases. 
B) It is also known as hydropower. 
C) It does not contribute to global warming. 
D) It is a renewable source of energy. 
E) It does not pose any threat. 
A) It releases greenhouse gases. 
B) It is also known as hydropower. 
C) It does not contribute to global warming. 
D) It is a renewable source of energy. 
E) It does not pose any threat. C

Question 3

Identify a true statement about oil imports by the United States.

Accepted Answer

A) The United States is not excessively dependent on only one nation for oil imports. 
B) The United States does not import oil from its neighbors. 
C) The United States has very friendly ties with all the countries from which it imports oil. 
D) The United States does not have diversified sources for its imported oil. 
E) The United States is not dependent on foreign countries for oil. 
A) The United States is not excessively dependent on only one nation for oil imports. 
B) The United States does not import oil from its neighbors. 
C) The United States has very friendly ties with all the countries from which it imports oil. 
D) The United States does not have diversified sources for its imported oil. 
E) The United States is not dependent on foreign countries for oil. A

Question 4

The__________is a joint federal-state program that provides health-care insurance for low-income children.

Accepted Answer

A) Children's Health Insurance Program 
B) Family Social Security Plan 
C) Children's Quota Scheme 
D) Family Wellness Scheme 
E) Department of Education 
A) Children's Health Insurance Program 
B) Family Social Security Plan 
C) Children's Quota Scheme 
D) Family Wellness Scheme 
E) Department of Education

Question 5

The second stage of the policymaking process involves the _____ of specific plans for achieving a particular goal.

Accepted Answer

A) formulation and adoption 
B) identification and evaluation 
C) evaluation and execution 
D) identification and formulation 
E) adoption and execution 
A) formulation and adoption 
B) identification and evaluation 
C) evaluation and execution 
D) identification and formulation 
E) adoption and execution

Question 6

__________is a renewable source of energy.

Accepted Answer

A) Nuclear fuel 
B) Natural gas 
C) Coal 
D) Hydroelectric energy 
E) Oil 
A) Nuclear fuel 
B) Natural gas 
C) Coal 
D) Hydroelectric energy 
E) Oil

Question 7

Discretionary spending are not required to be explicitly renewed.

Accepted Answer

A) True 
 B)False

Question 8

According to the principle underlying fiscal policy, during inflation, fiscal policy should:

Accepted Answer

A) stimulate economic activity by decreasing taxes. 
B) curb economic activity by reducing government spending. 
C) let the forces of supply and demand operate on their own. 
D) expand the rate of growth of the money supply. 
E) use the easy-money policy. 
A) stimulate economic activity by decreasing taxes. 
B) curb economic activity by reducing government spending. 
C) let the forces of supply and demand operate on their own. 
D) expand the rate of growth of the money supply. 
E) use the easy-money policy.

Question 9

The _____ is an independent regulatory agency that was established by Congress as the nation's central banking system in 1913.

Accepted Answer

A) Internal Revenue Service 
B) Department of the Treasury 
C) Federal Deposit Insurance Corporation 
D) Congressional Budget Office 
E) Federal Reserve System 
A) Internal Revenue Service 
B) Department of the Treasury 
C) Federal Deposit Insurance Corporation 
D) Congressional Budget Office 
E) Federal Reserve System

Question 10

The government is most likely to raise money to pay its expenses:

Accepted Answer

A) through taxes levied on personal income. 
B) by lending money at a fixed interest rate. 
C) through imports. 
D) by adhering to the easy-money policy. 
E) by lowering interest rates. 
A) through taxes levied on personal income. 
B) by lending money at a fixed interest rate. 
C) through imports. 
D) by adhering to the easy-money policy. 
E) by lowering interest rates.

Question 11

Years ago, when Congress imposed very high tax rates on high incomes, it provided for more loopholes in the federal tax system. These loopholes:

Accepted Answer

A) brought the profits earned by government employees under the nontaxable bracket. 
B) enabled angel investors to invest directly in businesses. 
C) enabled investors in oil and gas wells to increase their taxable income. 
D) allowed interest groups to give soft money to political parties. 
E) enabled many wealthy individuals to decrease their tax bills significantly. 
A) brought the profits earned by government employees under the nontaxable bracket. 
B) enabled angel investors to invest directly in businesses. 
C) enabled investors in oil and gas wells to increase their taxable income. 
D) allowed interest groups to give soft money to political parties. 
E) enabled many wealthy individuals to decrease their tax bills significantly.

Question 12

_____ is usually defined as two or more quarters of economic decline.

Accepted Answer

A) Inflation 
B) A recession 
C) Expansion 
D) An appreciation period 
E) A boom period 
A) Inflation 
B) A recession 
C) Expansion 
D) An appreciation period 
E) A boom period

Question 13

Identify a newly insured product under the 2014 farm bill.

Accepted Answer

A) Black pepper 
B) Saffron 
C) Mustard 
D) Flax 
E) Sushi rice 
A) Black pepper 
B) Saffron 
C) Mustard 
D) Flax 
E) Sushi rice

Question 14

__________saw the Affordable Care Act as a "big government takeover" of health care and a threat to popular freedoms.

Accepted Answer

A) Liberals 
B) Conservatives 
C) Mercantilists 
D) Symbolic interactionists 
E) Nurses 
A) Liberals 
B) Conservatives 
C) Mercantilists 
D) Symbolic interactionists 
E) Nurses

Question 15

Public debt refers to the total value of all outstanding:

Accepted Answer

A) corporate borrowing. 
B) local government borrowing alone. 
C) federal government borrowing. 
D) borrowing by the public. 
E) borrowing by interest groups. 
A) corporate borrowing. 
B) local government borrowing alone. 
C) federal government borrowing. 
D) borrowing by the public. 
E) borrowing by interest groups.

Question 16

Which of the following best describes the second part of the first stage of the policymaking process?

Accepted Answer

A) It involves getting an issue on the political agenda to be addressed by Congress. 
B) It involves developing proposed legislation. 
C) It requires a consensus on what policy should be adopted. 
D) It entails the formulation and adoption of specific plans for achieving a particular goal. 
E) It involves congressional hearings and expert studies. 
A) It involves getting an issue on the political agenda to be addressed by Congress. 
B) It involves developing proposed legislation. 
C) It requires a consensus on what policy should be adopted. 
D) It entails the formulation and adoption of specific plans for achieving a particular goal. 
E) It involves congressional hearings and expert studies.

Question 17

Most climatologists believe that the recent climate change is the result of human activities, especially the release of:

Accepted Answer

A) noble gases. 
B) inert gases. 
C) greenhouse gases. 
D) dielectric gases. 
E) insulating gases. 
A) noble gases. 
B) inert gases. 
C) greenhouse gases. 
D) dielectric gases. 
E) insulating gases.

Question 18

Which of the following statements is true of Medicaid?

Accepted Answer

A) Medicaid is restricted to covering the health-care insurance for Americans aged sixty-five years and over. 
B) Medicaid does not pay for nursing home expenses. 
C) Medicaid covers people with disabilities, irrespective of age or income. 
D) Recent cost-containment measures have slowed the growth of Medicaid spending. 
E) Medicaid is now the government's second-largest domestic spending program, after Social Security. 
A) Medicaid is restricted to covering the health-care insurance for Americans aged sixty-five years and over. 
B) Medicaid does not pay for nursing home expenses. 
C) Medicaid covers people with disabilities, irrespective of age or income. 
D) Recent cost-containment measures have slowed the growth of Medicaid spending. 
E) Medicaid is now the government's second-largest domestic spending program, after Social Security.

Question 19

Jared works at a software firm. He is promoted to the post of senior engineer after three years of employment. Despite his promotion, he has to cut down on purchases as his cost of living has almost doubled within the same time period. This situation best represents _____.

Accepted Answer

A) inflation 
B) a recession 
C) deflation 
D) disintermediation 
E) deregulation 
A) inflation 
B) a recession 
C) deflation 
D) disintermediation 
E) deregulation

Question 20

The final stage of policymaking involves:

Accepted Answer

A) evaluating the success of a policy. 
B) implementing a policy. 
C) getting an issue on the political agenda. 
D) developing proposed legislation. 
E) applying policy through local governments. 
A) evaluating the success of a policy. 
B) implementing a policy. 
C) getting an issue on the political agenda. 
D) developing proposed legislation. 
E) applying policy through local governments.

Which of the following statements is true of public debt?

Which of the following statements is true of nuclear energy?

Identify a true statement about oil imports by the United States.

The__________is a joint federal-state program that provides health-care insurance for low-income children.

The second stage of the policymaking process involves the _____ of specific plans for achieving a particular goal.

__________is a renewable source of energy.

Discretionary spending are not required to be explicitly renewed.

According to the principle underlying fiscal policy, during inflation, fiscal policy should:

The _____ is an independent regulatory agency that was established by Congress as the nation's central banking system in 1913.

The government is most likely to raise money to pay its expenses:

Years ago, when Congress imposed very high tax rates on high incomes, it provided for more loopholes in the federal tax system. These loopholes:

_____ is usually defined as two or more quarters of economic decline.

Identify a newly insured product under the 2014 farm bill.

__________saw the Affordable Care Act as a "big government takeover" of health care and a threat to popular freedoms.

Public debt refers to the total value of all outstanding:

Which of the following best describes the second part of the first stage of the policymaking process?

Most climatologists believe that the recent climate change is the result of human activities, especially the release of:

Which of the following statements is true of Medicaid?

Jared works at a software firm. He is promoted to the post of senior engineer after three years of employment. Despite his promotion, he has to cut down on purchases as his cost of living has almost doubled within the same time period. This situation best represents _____.

The final stage of policymaking involves:

America in the Twenty-First Century

The Constitution

Federalism

Civil Liberties

Civil Rights

Interest Groups

Political Parties

Public Opinion and Voting

Campaigns and Elections

Politics and the Media

The Congress

The Presidency

The Bureaucracy

The Judiaciary

Foreign Policy

Filters

Exam 15: Domestic Policy

Which of the following statements is true of public debt?

Which of the following statements is true of nuclear energy?

Identify a true statement about oil imports by the United States.

The__________is a joint federal-state program that provides health-care insurance for low-income children.

The second stage of the policymaking process involves the _____ of specific plans for achieving a particular goal.

__________is a renewable source of energy.

Discretionary spending are not required to be explicitly renewed.

According to the principle underlying fiscal policy, during inflation, fiscal policy should:

The _____ is an independent regulatory agency that was established by Congress as the nation's central banking system in 1913.

The government is most likely to raise money to pay its expenses:

Years ago, when Congress imposed very high tax rates on high incomes, it provided for more loopholes in the federal tax system. These loopholes:

_____ is usually defined as two or more quarters of economic decline.

Identify a newly insured product under the 2014 farm bill.

__________saw the Affordable Care Act as a "big government takeover" of health care and a threat to popular freedoms.

Public debt refers to the total value of all outstanding:

Which of the following best describes the second part of the first stage of the policymaking process?

Most climatologists believe that the recent climate change is the result of human activities, especially the release of:

Which of the following statements is true of Medicaid?

Jared works at a software firm. He is promoted to the post of senior engineer after three years of employment. Despite his promotion, he has to cut down on purchases as his cost of living has almost doubled within the same time period. This situation best represents _____.

The final stage of policymaking involves:

America in the Twenty-First Century

The Constitution

Federalism

Civil Liberties

Civil Rights

Interest Groups

Political Parties

Public Opinion and Voting

Campaigns and Elections

Politics and the Media

The Congress

The Presidency

The Bureaucracy

The Judiaciary

Foreign Policy

Filters