Question 1

_____________ direct benefits to a narrowly defined group or individual.

Accepted Answer

A)  Distributive policies 
B)  Regulatory policies 
C)  Agenda setting 
D)  Redistributive policies 
E)  The president 
A)  Distributive policies 
B)  Regulatory policies 
C)  Agenda setting 
D)  Redistributive policies 
E)  The president

Question 2

Fiscal policy primarily concerns

Accepted Answer

A)  government spending and taxing levels. 
B)  setting the interest rate. 
C)  determining the "cost" of money. 
D)  paying foreign governments back the money we owe them. 
E)  governmental budgeting. 
A)  government spending and taxing levels. 
B)  setting the interest rate. 
C)  determining the "cost" of money. 
D)  paying foreign governments back the money we owe them. 
E)  governmental budgeting.

Question 3

What is the single largest source of tax revenues for the national government?

Accepted Answer

A)  Income taxes 
B)  Property taxes 
C)  Sales taxes 
D)  Excise taxes 
E)  Sin taxes (cigarettes, alcohol, etc.) 
A)  Income taxes 
B)  Property taxes 
C)  Sales taxes 
D)  Excise taxes 
E)  Sin taxes (cigarettes, alcohol, etc.)

Question 4

The Fed can use _____________ is also known as total spending in the economy.

Accepted Answer

A)  Supply side economics 
B)  Aggregate demand 
C)  Demand side economics 
D)  Monetary policy 
E)  Macroeconomic forecasting 
A)  Supply side economics 
B)  Aggregate demand 
C)  Demand side economics 
D)  Monetary policy 
E)  Macroeconomic forecasting

Question 5

Agenda setting is

Accepted Answer

A)  the process by which a problem comes to the attention of government. 
B)  a decision made by government that creates laws. 
C)  putting a law into effect. 
D)  deciding to support or oppose legislation. 
E)  an assessment of the success of a policy. 
A)  the process by which a problem comes to the attention of government. 
B)  a decision made by government that creates laws. 
C)  putting a law into effect. 
D)  deciding to support or oppose legislation. 
E)  an assessment of the success of a policy.

Question 6

The process by which a problem comes to the attention of government is known as

Accepted Answer

A)  Agenda setting 
B)  Implementation 
C)  Evaluation 
D)  Budgeting 
E)  Decision making 
A)  Agenda setting 
B)  Implementation 
C)  Evaluation 
D)  Budgeting 
E)  Decision making

Question 7

The authors of your textbook hold that

Accepted Answer

A)  Marxist theory is mostly correct. 
B)  elite theory is never right. 
C)  group theory best explains the process of public policy. 
D)  no single theory of what government does is persuasive. 
E)  None of the above 
A)  Marxist theory is mostly correct. 
B)  elite theory is never right. 
C)  group theory best explains the process of public policy. 
D)  no single theory of what government does is persuasive. 
E)  None of the above

Question 8

Which of the following best describes why governments in all modern capitalist societies play a substantial role in the management and direction of their economies?

Accepted Answer

A)  The free market economy, left to itself, is subject to periods of collapse, inflation, and unemployment. 
B)  The poverty line is calculated by the president and the Office of Management and Budget using the value of the dollar and the cost of housing. 
C)  The economy could not work without some type of governmental intervention. 
D)  Most of the constitutions in countries around the world require that the government make economic policies. 
E)  It is the realm of politics, which is free of electoral concerns. 
A)  The free market economy, left to itself, is subject to periods of collapse, inflation, and unemployment. 
B)  The poverty line is calculated by the president and the Office of Management and Budget using the value of the dollar and the cost of housing. 
C)  The economy could not work without some type of governmental intervention. 
D)  Most of the constitutions in countries around the world require that the government make economic policies. 
E)  It is the realm of politics, which is free of electoral concerns.

Question 9

Government spending and taxing is related to which kind of economic policy

Accepted Answer

A)  Regulatory 
B)  Monetary 
C)  Fiscal 
D)  Supply-side 
E)  Demand-side 
A)  Regulatory 
B)  Monetary 
C)  Fiscal 
D)  Supply-side 
E)  Demand-side

Question 10

Where is the spending part of fiscal policy outlined?

Accepted Answer

A)  In the federal budget. 
B)  In the State of the Union address. 
C)  In reports issued by the Office of Management and Budget. 
D)  In a joint session of Congress. 
E)  Through a report issued by the Congressional Budget Office. 
A)  In the federal budget. 
B)  In the State of the Union address. 
C)  In reports issued by the Office of Management and Budget. 
D)  In a joint session of Congress. 
E)  Through a report issued by the Congressional Budget Office.

Question 11

All of the following are examples of negative externalities EXCEPT

Accepted Answer

A)  corporate downsizing. 
B)  toxic waste. 
C)  water pollution. 
D)  workplace injuries. 
E)  smoke pollution. 
A)  corporate downsizing. 
B)  toxic waste. 
C)  water pollution. 
D)  workplace injuries. 
E)  smoke pollution.

Question 12

Which of the following presidents are considered supply-siders

Accepted Answer

A)  Ronald Reagan 
B)  Bill Clinton 
C)  Jimmy Carter 
D)  George W. Bush 
E)  A and D 
A)  Ronald Reagan 
B)  Bill Clinton 
C)  Jimmy Carter 
D)  George W. Bush 
E)  A and D

Question 13

What is the likely future of regulation in the United States, according to the authors of your textbook? Do you agree or disagree with their assessment?

Accepted Answer

According to the authors of our textbook

Question 14

What tools can the Federal Reserve Board (the Fed) use to control the money supply?

Accepted Answer

In general, the Fed alters the availabil

Question 15

The Federal Reserve Board has a number of ways to influence the economy. Which of the following is NOT within the power of the Fed?

Accepted Answer

A)  Set the interest rates for credit cards. 
B)  Buy federal securities. 
C)  Change the discount rate. 
D)  Change reserve requirements. 
E)  All of the above 
A)  Set the interest rates for credit cards. 
B)  Buy federal securities. 
C)  Change the discount rate. 
D)  Change reserve requirements. 
E)  All of the above

Question 16

Redistributive policies

Accepted Answer

A)  direct benefits to a narrowly defined group. 
B)  provide services to select industry or business. 
C)  transfer resources from one group to another. 
D)  are designed to increase the money supply to improve the economy. 
E)  None of the above 
A)  direct benefits to a narrowly defined group. 
B)  provide services to select industry or business. 
C)  transfer resources from one group to another. 
D)  are designed to increase the money supply to improve the economy. 
E)  None of the above

Question 17

Property taxes are most important for

Accepted Answer

A)  social security programs. 
B)  medicare funding. 
C)  funding local governments. 
D)  funding the national government. 
E)  regulating discrepancies in spending across cities and counties. 
A)  social security programs. 
B)  medicare funding. 
C)  funding local governments. 
D)  funding the national government. 
E)  regulating discrepancies in spending across cities and counties.

Question 18

Figure 17.3 shows that

Accepted Answer

A)  the national debt in absolute dollars has increased over time. 
B)  the national debt as a percentage of GDP has increased over time. 
C)  the national debt as a percentage of GDP has remained constant over time. 
D)  the national debt as a percentage of GDP has declined over time. 
E)  the national debt is currently at its highest rate since 1900. 
A)  the national debt in absolute dollars has increased over time. 
B)  the national debt as a percentage of GDP has increased over time. 
C)  the national debt as a percentage of GDP has remained constant over time. 
D)  the national debt as a percentage of GDP has declined over time. 
E)  the national debt is currently at its highest rate since 1900.

Question 19

Figure 17.2 illustrates

Accepted Answer

A)  trends in the national debt of the United States. 
B)  trends in the budget deficit of the United States. 
C)  the percentages of economic growth in terms of GDP across numerous developed countries. 
D)  receipts of all levels of government as a percentage of GDP in several OECD countries, including the United States 
E)  receipts of all levels of government as a percentage of GDP in several OECD countries, including the United States. 
A)  trends in the national debt of the United States. 
B)  trends in the budget deficit of the United States. 
C)  the percentages of economic growth in terms of GDP across numerous developed countries. 
D)  receipts of all levels of government as a percentage of GDP in several OECD countries, including the United States 
E)  receipts of all levels of government as a percentage of GDP in several OECD countries, including the United States.

Question 20

Agenda setting is the process by which a problem or concern comes to the attention of government.

Accepted Answer

A) True 
 B)False

_____________ direct benefits to a narrowly defined group or individual.

Fiscal policy primarily concerns

What is the single largest source of tax revenues for the national government?

The Fed can use _____________ is also known as total spending in the economy.

Agenda setting is

The process by which a problem comes to the attention of government is known as

The authors of your textbook hold that

Which of the following best describes why governments in all modern capitalist societies play a substantial role in the management and direction of their economies?

Government spending and taxing is related to which kind of economic policy

Where is the spending part of fiscal policy outlined?

All of the following are examples of negative externalities EXCEPT

Which of the following presidents are considered supply-siders

What is the likely future of regulation in the United States, according to the authors of your textbook? Do you agree or disagree with their assessment?

What tools can the Federal Reserve Board (the Fed) use to control the money supply?

The Federal Reserve Board has a number of ways to influence the economy. Which of the following is NOT within the power of the Fed?

Redistributive policies

Property taxes are most important for

Figure 17.3 shows that

Figure 17.2 illustrates

Agenda setting is the process by which a problem or concern comes to the attention of government.

Democracy and American Politics

The Constitution

Federalism States and Nations

Structural Foundations of the American Government

Public Opinion

News Media

Interest Groups and Business Corporations

Social Movements

Political Parties

Participation Voting, and Elections

Congress

The President

The Executive Branch

The Courts

Freedom: the Struggle for Civil Liberties

Civil Rights: the Struggle for Political Equality

Social Safety Nets

Foreign Policy and National Defense

Filters

Exam 17: The Budget and Economic Policies

_____________ direct benefits to a narrowly defined group or individual.

Fiscal policy primarily concerns

What is the single largest source of tax revenues for the national government?

The Fed can use _____________ is also known as total spending in the economy.

Agenda setting is

The process by which a problem comes to the attention of government is known as

The authors of your textbook hold that

Which of the following best describes why governments in all modern capitalist societies play a substantial role in the management and direction of their economies?

Government spending and taxing is related to which kind of economic policy

Where is the spending part of fiscal policy outlined?

All of the following are examples of negative externalities EXCEPT

Which of the following presidents are considered supply-siders

What is the likely future of regulation in the United States, according to the authors of your textbook? Do you agree or disagree with their assessment?

What tools can the Federal Reserve Board (the Fed) use to control the money supply?

The Federal Reserve Board has a number of ways to influence the economy. Which of the following is NOT within the power of the Fed?

Redistributive policies

Property taxes are most important for

Figure 17.3 shows that

Figure 17.2 illustrates

Agenda setting is the process by which a problem or concern comes to the attention of government.

Democracy and American Politics

The Constitution

Federalism States and Nations

Structural Foundations of the American Government

Public Opinion

News Media

Interest Groups and Business Corporations

Social Movements

Political Parties

Participation Voting, and Elections

Congress

The President

The Executive Branch

The Courts

Freedom: the Struggle for Civil Liberties

Civil Rights: the Struggle for Political Equality

Social Safety Nets

Foreign Policy and National Defense

Filters