Question 1

Discuss the recent economic crisis and recession. What happened and why? Should they take any steps to prevent this from happening again? If so, what steps? If not, why not?

Accepted Answer

An ideal response will:
1. Outline the f

Question 2

Why are some people concerned about the long-term sustainability of Social Security?

Accepted Answer

An ideal response will:
1. Discuss how,

Question 3

Why is Medicaid such a complicated program?

Accepted Answer

A)  because it is a federal program, and all federal programs are complicated 
B)  because it is administered by cities, which have very large bureaucracies 
C)  because it relies on monies from the Social Security Trust Fund 
D)  because it varies a great deal by state 
E)  because it was designed by bureaucrats 
A)  because it is a federal program, and all federal programs are complicated 
B)  because it is administered by cities, which have very large bureaucracies 
C)  because it relies on monies from the Social Security Trust Fund 
D)  because it varies a great deal by state 
E)  because it was designed by bureaucrats

Question 4

An advocate of a minimal government role in the economy could be described as a(n) __________.

Accepted Answer

A)  externalist 
B)  fiscalist 
C)  Keynesian 
D)  macroeconomist 
E)  monetarist 
A)  externalist 
B)  fiscalist 
C)  Keynesian 
D)  macroeconomist 
E)  monetarist

Question 5

Where does most of the money come from to pay the Social Security benefits of current retirees?

Accepted Answer

A)  current workers 
B)  savings accounts established for each citizen 
C)  the Social Security Trust Fund 
D)  the states 
E)  federal income taxes 
A)  current workers 
B)  savings accounts established for each citizen 
C)  the Social Security Trust Fund 
D)  the states 
E)  federal income taxes

Question 6

Which of the following statements plausibly explains why Social Security is a prominent issue in many elections?

Accepted Answer

A)  Young people are likely to follow politics and are likely to vote. 
B)  Young people are likely to follow politics, but they are unlikely to vote. 
C)  Seniors are likely to follow politics and are likely to vote. 
D)  Seniors are likely to follow politics, but they are unlikely to vote. 
E)  Seniors are unlikely to follow politics, but they do vote. 
A)  Young people are likely to follow politics and are likely to vote. 
B)  Young people are likely to follow politics, but they are unlikely to vote. 
C)  Seniors are likely to follow politics and are likely to vote. 
D)  Seniors are likely to follow politics, but they are unlikely to vote. 
E)  Seniors are unlikely to follow politics, but they do vote.

Question 7

Medicaid is the nation's largest public assistance program.

Accepted Answer

A) True 
 B)False

Question 8

Which of these statements best describes the influence of interest rate adjustments by the Federal Reserve?

Accepted Answer

A)  They always lead to lower rates of marginal taxes. 
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. 
E)  They increase corporate profits by making money more available. 
A)  They always lead to lower rates of marginal taxes. 
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. 
E)  They increase corporate profits by making money more available.

Question 9

Which of the following pieces of legislation is most likely to ensure that poor people have health insurance?

Accepted Answer

A)  the Affordable Care Act, colloquially known as Obamacare 
B)  the Social Security Act 
C)  Medicare 
D)  Medicaid 
E)  the American Recovery and Reinvestment Act 
A)  the Affordable Care Act, colloquially known as Obamacare 
B)  the Social Security Act 
C)  Medicare 
D)  Medicaid 
E)  the American Recovery and Reinvestment Act

Question 10

Which of the following changes would be the most likely to result in a stronger social safety net in the United States?

Accepted Answer

A)  increased antigovernment sentiments 
B)  increased individualism 
C)  allowing businesses to have more political influence 
D)  stronger labor unions 
E)  increased ethnic diversity 
A)  increased antigovernment sentiments 
B)  increased individualism 
C)  allowing businesses to have more political influence 
D)  stronger labor unions 
E)  increased ethnic diversity

Question 11

According to the chairman of the Federal Reserve, Ben Bernanke, which of the following contributed the most to the 2008 U.S. financial collapse?

Accepted Answer

A)  the September 11, 2001, terrorist attacks 
B)  the election of Barack Obama 
C)  deregulation of the financial industry 
D)  the price of oil 
E)  the balance-of-trade deficit 
A)  the September 11, 2001, terrorist attacks 
B)  the election of Barack Obama 
C)  deregulation of the financial industry 
D)  the price of oil 
E)  the balance-of-trade deficit

Question 12

The Affordable Care Act, colloquially known as Obamacare, deals primarily with what policy area?

Accepted Answer

A)  education 
B)  health care 
C)  welfare 
D)  economics 
E)  criminal justice 
A)  education 
B)  health care 
C)  welfare 
D)  economics 
E)  criminal justice

Question 13

Discuss the differences in philosophy, key actors, and tools of fiscal and monetary policy. Should the federal government give preference to one to the other? Why or why not?

Accepted Answer

An ideal response will:
1. Discuss the d

Question 14

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

Accepted Answer

The answer of The money supply __________ when the Federal...

Question 15

Keynesians in Congress would support increasing ___________ as a means to address high levels of unemployment.

Accepted Answer

The answer of Keynesians in Congress would support increasing ___________...

Question 16

Which of the following is necessary information to determine eligibility for a means-tested program?

Accepted Answer

A)  the number of years a person has worked before retirement 
B)  the number of years a person has been on Social Security 
C)  the number of years a person has been in the military 
D)  the income level of the person in question 
E)  the retirement age of the person in question 
A)  the number of years a person has worked before retirement 
B)  the number of years a person has been on Social Security 
C)  the number of years a person has been in the military 
D)  the income level of the person in question 
E)  the retirement age of the person in question

Question 17

Describe three changes that could be made to Social Security to improve its long-term solvency by increasing the revenue the program collects. Evaluate these reforms and determine which of the three you think the public would find most palatable.

Accepted Answer

An ideal response will:
1. Describe thre

Question 18

Imagine the economy is slipping into a recession. What would a Keynesian advocate and why? Compare this approach to using interest rates to affect the money supply.

Accepted Answer

An ideal response will:
1. Identify that

Question 19

Payroll taxes are earmarked for __________.

Accepted Answer

A)  Temporary Assistance for Needy Families 
B)  Obamacare and Medicaid 
C)  Social Security and Medicare 
D)  unemployment insurance 
E)  personal retirement savings accounts 
A)  Temporary Assistance for Needy Families 
B)  Obamacare and Medicaid 
C)  Social Security and Medicare 
D)  unemployment insurance 
E)  personal retirement savings accounts

Question 20

What is the Children's Health Insurance Program (CHIP)? Whom does it cover? How is it funded? How has health insurance coverage for poor children changed since the program was enacted in 1997?

Accepted Answer

An ideal response will:
1. Define CHIP a

Discuss the recent economic crisis and recession. What happened and why? Should they take any steps to prevent this from happening again? If so, what steps? If not, why not?

Why are some people concerned about the long-term sustainability of Social Security?

Why is Medicaid such a complicated program?

An advocate of a minimal government role in the economy could be described as a(n) __________.

Where does most of the money come from to pay the Social Security benefits of current retirees?

Which of the following statements plausibly explains why Social Security is a prominent issue in many elections?

Medicaid is the nation's largest public assistance program.

Which of these statements best describes the influence of interest rate adjustments by the Federal Reserve?

Which of the following pieces of legislation is most likely to ensure that poor people have health insurance?

Which of the following changes would be the most likely to result in a stronger social safety net in the United States?

According to the chairman of the Federal Reserve, Ben Bernanke, which of the following contributed the most to the 2008 U.S. financial collapse?

The Affordable Care Act, colloquially known as Obamacare, deals primarily with what policy area?

Discuss the differences in philosophy, key actors, and tools of fiscal and monetary policy. Should the federal government give preference to one to the other? Why or why not?

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

Keynesians in Congress would support increasing ___________ as a means to address high levels of unemployment.

Which of the following is necessary information to determine eligibility for a means-tested program?

Describe three changes that could be made to Social Security to improve its long-term solvency by increasing the revenue the program collects. Evaluate these reforms and determine which of the three you think the public would find most palatable.

Imagine the economy is slipping into a recession. What would a Keynesian advocate and why? Compare this approach to using interest rates to affect the money supply.

Payroll taxes are earmarked for __________.

What is the Children's Health Insurance Program (CHIP)? Whom does it cover? How is it funded? How has health insurance coverage for poor children changed since the program was enacted in 1997?

Democracy and American Politics

The Constitution

Federalism: States and Nation

The Structural Foundations of American Government and Politics

Public Opinion

The News Media

Interest Groups and Business Organizations

Social Movements

Political Parties

Voting, Campaigns, and Elections

Congress

The Presidency

The Executive Branch

The Courts

Civil Liberties: the Struggle for Freedom

Civil Rights: the Struggle for Political Equality

Foreign Policy and National Defense

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Exam 17: Domestic Policies

Discuss the recent economic crisis and recession. What happened and why? Should they take any steps to prevent this from happening again? If so, what steps? If not, why not?

Why are some people concerned about the long-term sustainability of Social Security?

Why is Medicaid such a complicated program?

An advocate of a minimal government role in the economy could be described as a(n) __________.

Where does most of the money come from to pay the Social Security benefits of current retirees?

Which of the following statements plausibly explains why Social Security is a prominent issue in many elections?

Medicaid is the nation's largest public assistance program.

Which of these statements best describes the influence of interest rate adjustments by the Federal Reserve?

Which of the following pieces of legislation is most likely to ensure that poor people have health insurance?

Which of the following changes would be the most likely to result in a stronger social safety net in the United States?

According to the chairman of the Federal Reserve, Ben Bernanke, which of the following contributed the most to the 2008 U.S. financial collapse?

The Affordable Care Act, colloquially known as Obamacare, deals primarily with what policy area?

Discuss the differences in philosophy, key actors, and tools of fiscal and monetary policy. Should the federal government give preference to one to the other? Why or why not?

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

Keynesians in Congress would support increasing ___________ as a means to address high levels of unemployment.

Which of the following is necessary information to determine eligibility for a means-tested program?

Describe three changes that could be made to Social Security to improve its long-term solvency by increasing the revenue the program collects. Evaluate these reforms and determine which of the three you think the public would find most palatable.

Imagine the economy is slipping into a recession. What would a Keynesian advocate and why? Compare this approach to using interest rates to affect the money supply.

Payroll taxes are earmarked for __________.

What is the Children's Health Insurance Program (CHIP)? Whom does it cover? How is it funded? How has health insurance coverage for poor children changed since the program was enacted in 1997?

Democracy and American Politics

The Constitution

Federalism: States and Nation

The Structural Foundations of American Government and Politics

Public Opinion

The News Media

Interest Groups and Business Organizations

Social Movements

Political Parties

Voting, Campaigns, and Elections

Congress

The Presidency

The Executive Branch

The Courts

Civil Liberties: the Struggle for Freedom

Civil Rights: the Struggle for Political Equality

Foreign Policy and National Defense

Filters