Question 1

What are the principal goals of economic policy?

Accepted Answer

The principal goals of economic policy a

Question 2

The national government depends primarily on ________ taxes and payroll taxes.

Accepted Answer

The answer of The national government depends primarily on ________...

Question 3

Which of the following statements best characterizes government, parties, and economics

Accepted Answer

A)  Democrats are Keynesians. 
B)  Republicans are Monetarists. 
C)  Democrats are Monetarists. 
D)  Republicans are Keynesians. 
E)  Democrats and Republicans have supported both Keynesian and Monetarist solutions to economic problems. 
A)  Democrats are Keynesians. 
B)  Republicans are Monetarists. 
C)  Democrats are Monetarists. 
D)  Republicans are Keynesians. 
E)  Democrats and Republicans have supported both Keynesian and Monetarist solutions to economic problems.

Question 4

Which is NOT a group that pushed for and formulated the many progressive era regulations imposed between 1900 and World War I?

Accepted Answer

A)  Large corporations 
B)  Middle-class Americans anxious about the conditions reported by muckraking journalists 
C)  Labor unions 
D)  Populists 
E)  All of the above are considered to have had a hand in the creation of the progressive era reforms. 
A)  Large corporations 
B)  Middle-class Americans anxious about the conditions reported by muckraking journalists 
C)  Labor unions 
D)  Populists 
E)  All of the above are considered to have had a hand in the creation of the progressive era reforms.

Question 5

State governments get most of their revenues from

Accepted Answer

A)  property taxes. 
B)  personal income taxes. 
C)  payroll taxes. 
D)  sales taxes. 
E)  social security taxes. 
A)  property taxes. 
B)  personal income taxes. 
C)  payroll taxes. 
D)  sales taxes. 
E)  social security taxes.

Question 6

_______ are decisions made by government that create laws, programs, and regulations that are binding on all people living within a defined jurisdiction, whether a county, a state, or the nation as a whole.

Accepted Answer

The answer of _______ are decisions made by government that...

Question 7

The ________ is the interest rate that the Federal Reserve charges member banks.

Accepted Answer

The answer of The ________ is the interest rate that...

Question 8

The United States personal income tax system is a progressive tax system.

Accepted Answer

A) True 
 B)False

Question 9

Most economists believe the federal budget will

Accepted Answer

A)  continue to suffer increasingly large deficits over the long term, further increasing the national debt. 
B)  run deficits in the near future. 
C)  show a surplus over the short term, gradually reducing the national debt. 
D)  achieve balance and stay there, leaving the national debt at existing levels. 
E)  None of the above 
A)  continue to suffer increasingly large deficits over the long term, further increasing the national debt. 
B)  run deficits in the near future. 
C)  show a surplus over the short term, gradually reducing the national debt. 
D)  achieve balance and stay there, leaving the national debt at existing levels. 
E)  None of the above

Question 10

___________ is a decision made by government that creates laws, programs, and regulations.

Accepted Answer

A)  Public policy 
B)  A public good 
C)  Regulation 
D)  Implementation 
E)  Recession 
A)  Public policy 
B)  A public good 
C)  Regulation 
D)  Implementation 
E)  Recession

Question 11

The Fed is extremely independent of commercial and investment bankers.

Accepted Answer

A) True 
 B)False

Question 12

Government fiscal policies have to do with

Accepted Answer

A)  interest rates and the money supply. 
B)  defense and foreign policy. 
C)  public restraints on business activities. 
D)  taxing and spending. 
E)  supply and demand. 
A)  interest rates and the money supply. 
B)  defense and foreign policy. 
C)  public restraints on business activities. 
D)  taxing and spending. 
E)  supply and demand.

Question 13

Why are fiscal tools sometimes difficult to use in regulating the economy?

Accepted Answer

A)  Decisions on spending and taxation are not solely made on the basis of their potential economic effects. 
B)  Federal spending cannot be easily adjusted up or down as economic conditions change. 
C)  Decisions by Congress to lower the discount rate to federal banks are a cumbersome process. 
D)  Changes in spending and taxes can occur quickly, before many economists can agree on what the problem is. 
E)  Decisions about how much government should spend are made by a small group of people. 
A)  Decisions on spending and taxation are not solely made on the basis of their potential economic effects. 
B)  Federal spending cannot be easily adjusted up or down as economic conditions change. 
C)  Decisions by Congress to lower the discount rate to federal banks are a cumbersome process. 
D)  Changes in spending and taxes can occur quickly, before many economists can agree on what the problem is. 
E)  Decisions about how much government should spend are made by a small group of people.

Question 14

Efficiency and effectiveness are concepts associated with which stage of the policy process?

Accepted Answer

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

Question 15

The single largest category of federal spending is

Accepted Answer

A)  national defense spending. 
B)  mandatory expenditures. 
C)  discretionary spending. 
D)  pork-barrel projects. 
E)  grants to states. 
A)  national defense spending. 
B)  mandatory expenditures. 
C)  discretionary spending. 
D)  pork-barrel projects. 
E)  grants to states.

Question 16

Fiscal policy is that which affects the performance of the economy as a whole.

Accepted Answer

A) True 
 B)False

Question 17

The Budget Enforcement Act of 1990 required that increases in discretionary spending be offset with cuts in entitlements

Accepted Answer

A) True 
 B)False

Question 18

The Fed enjoys very little independence and is largely controlled by the president, Congress, and the Office of Management and Budget.

Accepted Answer

A) True 
 B)False

Question 19

Regulation is largely the result of democratic politics.

Accepted Answer

A) True 
 B)False

Question 20

________ is about putting a policy into effect.

Accepted Answer

The answer of ________ is about putting a policy into...

What are the principal goals of economic policy?

The national government depends primarily on ________ taxes and payroll taxes.

Which of the following statements best characterizes government, parties, and economics

Which is NOT a group that pushed for and formulated the many progressive era regulations imposed between 1900 and World War I?

State governments get most of their revenues from

_______ are decisions made by government that create laws, programs, and regulations that are binding on all people living within a defined jurisdiction, whether a county, a state, or the nation as a whole.

The ________ is the interest rate that the Federal Reserve charges member banks.

The United States personal income tax system is a progressive tax system.

Most economists believe the federal budget will

___________ is a decision made by government that creates laws, programs, and regulations.

The Fed is extremely independent of commercial and investment bankers.

Government fiscal policies have to do with

Why are fiscal tools sometimes difficult to use in regulating the economy?

Efficiency and effectiveness are concepts associated with which stage of the policy process?

The single largest category of federal spending is

Fiscal policy is that which affects the performance of the economy as a whole.

The Budget Enforcement Act of 1990 required that increases in discretionary spending be offset with cuts in entitlements

The Fed enjoys very little independence and is largely controlled by the president, Congress, and the Office of Management and Budget.

Regulation is largely the result of democratic politics.

________ is about putting a policy into effect.

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

What are the principal goals of economic policy?

The national government depends primarily on ________ taxes and payroll taxes.

Which of the following statements best characterizes government, parties, and economics

Which is NOT a group that pushed for and formulated the many progressive era regulations imposed between 1900 and World War I?

State governments get most of their revenues from

_______ are decisions made by government that create laws, programs, and regulations that are binding on all people living within a defined jurisdiction, whether a county, a state, or the nation as a whole.

The ________ is the interest rate that the Federal Reserve charges member banks.

The United States personal income tax system is a progressive tax system.

Most economists believe the federal budget will

___________ is a decision made by government that creates laws, programs, and regulations.

The Fed is extremely independent of commercial and investment bankers.

Government fiscal policies have to do with

Why are fiscal tools sometimes difficult to use in regulating the economy?

Efficiency and effectiveness are concepts associated with which stage of the policy process?

The single largest category of federal spending is

Fiscal policy is that which affects the performance of the economy as a whole.

The Budget Enforcement Act of 1990 required that increases in discretionary spending be offset with cuts in entitlements

The Fed enjoys very little independence and is largely controlled by the president, Congress, and the Office of Management and Budget.

Regulation is largely the result of democratic politics.

________ is about putting a policy into effect.

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