Question 1

The cost of borrowing money is directly linked to the interest rate a bank's best customers receive on short-term loans,or the __________.

Accepted Answer

A) the federal funds rate 
B) the prime rate 
C) the fixed rate 
D) the adjustable rate 
A) the federal funds rate 
B) the prime rate 
C) the fixed rate 
D) the adjustable rate

Question 2

When it comes to taxes,which of the following statements is true?

Accepted Answer

A) There is much agreement on what is the best type of tax,but not much agreement on the tax rates. 
B) Income taxes provide the most consistent stream of revenue for the government. 
C) Overall,there is considerable disagreement over what is the best type of tax. 
D) Sales taxes are the primary mechanism by which the federal government raises revenues. 
A) There is much agreement on what is the best type of tax,but not much agreement on the tax rates. 
B) Income taxes provide the most consistent stream of revenue for the government. 
C) Overall,there is considerable disagreement over what is the best type of tax. 
D) Sales taxes are the primary mechanism by which the federal government raises revenues.

Question 3

In what areas have federal regulations been introduced to protect workers in the United States?

Accepted Answer

An ideal response will:
1.Outline the fo

Question 4

Deregulation of the __________ industry was the first major victory in the deregulation movement and remains one of its most visible successes.

Accepted Answer

The answer of Deregulation of the __________ industry was the...

Question 5

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 6

If government wanted to prevent or break up monopolies,it might do which of the following?

Accepted Answer

A) reduce economic regulation 
B) pass antitrust legislation 
C) pass an economic stimulus package 
D) reduce interest rates 
A) reduce economic regulation 
B) pass antitrust legislation 
C) pass an economic stimulus package 
D) reduce interest rates

Question 7

The tax on the value of a product at each stage of production and distribution is called the __________.

Accepted Answer

A) excise tax 
B) production tax 
C) total tax 
D) value-added tax 
A) excise tax 
B) production tax 
C) total tax 
D) value-added tax

Question 8

Which of the following entities is responsible for setting the federal funds rate in the United States?

Accepted Answer

A) the Congressional Budget Office 
B) the Executive Office of the President 
C) the Federal Reserve Board 
D) the Office of Management and Budget 
A) the Congressional Budget Office 
B) the Executive Office of the President 
C) the Federal Reserve Board 
D) the Office of Management and Budget

Question 9

Under the Taft-Hartley Act,courts are allowed to issue __________.

Accepted Answer

A) union shop agreements 
B) public contracts 
C) collective bargaining agreements 
D) labor injunctions 
A) union shop agreements 
B) public contracts 
C) collective bargaining agreements 
D) labor injunctions

Question 10

In 2014,nearly half of federal spending went to __________.

Accepted Answer

A) benefit programs for individuals 
B) interest on the national debt 
C) national defense 
D) monetary policy 
A) benefit programs for individuals 
B) interest on the national debt 
C) national defense 
D) monetary policy

Question 11

Giving to charity is a form of corporate __________.

Accepted Answer

social res

Question 12

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 13

If a government wanted to use monetary policy to increase economic growth,which of the following steps should be taken?

Accepted Answer

A) Decrease interest rates to increase the amount of money in supply. 
B) Increase the amount of foreign currency kept on reserve in U.S.banks. 
C) Increase the amount of public revenue for investment by raising taxes. 
D) Increase government spending on public works projects. 
A) Decrease interest rates to increase the amount of money in supply. 
B) Increase the amount of foreign currency kept on reserve in U.S.banks. 
C) Increase the amount of public revenue for investment by raising taxes. 
D) Increase government spending on public works projects.

Question 14

One criticism of government regulation of the economy is that the regulations themselves can raise the cost of economic activity,also known as __________.

Accepted Answer

A) compliance costs 
B) excise taxes 
C) labor injunctions 
D) tariffs 
A) compliance costs 
B) excise taxes 
C) labor injunctions 
D) tariffs

Question 15

What is the main purpose of monetary policy?

Accepted Answer

A) to affect how much money is circulating through the economy 
B) to control the amount of public debt sold to foreign states 
C) to equalize income disparity among citizens of the United States 
D) to expand the government's revenue base so as to reduce the deficit 
A) to affect how much money is circulating through the economy 
B) to control the amount of public debt sold to foreign states 
C) to equalize income disparity among citizens of the United States 
D) to expand the government's revenue base so as to reduce the deficit

Question 16

Worries about international competition often lead domestic producers to call for __________.

Accepted Answer

A) anti-trust legislation 
B) an international trade injunction 
C) protectionism 
D) a value-added tax 
A) anti-trust legislation 
B) an international trade injunction 
C) protectionism 
D) a value-added tax

Question 17

When did the deregulation movement have its greatest success?

Accepted Answer

A) in the early 1900s 
B) in the 1930s 
C) in the 1970s 
D) in the 1990s 
A) in the early 1900s 
B) in the 1930s 
C) in the 1970s 
D) in the 1990s

Question 18

The __________ provides an international forum for reaching trade agreements and resolving disputes among its 130 members.

Accepted Answer

A) GATT 
B) NAFTA 
C) SEC 
D) WTO 
A) GATT 
B) NAFTA 
C) SEC 
D) WTO

Question 19

If the Federal Reserve wanted to slow the rate of economic growth,it would most likely __________.

Accepted Answer

A) encourage the president to lower taxes 
B) increase interest rates 
C) increase the money supply 
D) lower interest rates 
A) encourage the president to lower taxes 
B) increase interest rates 
C) increase the money supply 
D) lower interest rates

Question 20

Compared to other nations such as Russia and Sweden,the United States has __________ than many of its competitors.

Accepted Answer

A) fewer economic regulations 
B) higher taxes 
C) lower interest rates 
D) more regulation 
A) fewer economic regulations 
B) higher taxes 
C) lower interest rates 
D) more regulation

The cost of borrowing money is directly linked to the interest rate a bank's best customers receive on short-term loans,or the __________.

When it comes to taxes,which of the following statements is true?

In what areas have federal regulations been introduced to protect workers in the United States?

Deregulation of the __________ industry was the first major victory in the deregulation movement and remains one of its most visible successes.

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.

If government wanted to prevent or break up monopolies,it might do which of the following?

The tax on the value of a product at each stage of production and distribution is called the __________.

Which of the following entities is responsible for setting the federal funds rate in the United States?

Under the Taft-Hartley Act,courts are allowed to issue __________.

In 2014,nearly half of federal spending went to __________.

Giving to charity is a form of corporate __________.

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

If a government wanted to use monetary policy to increase economic growth,which of the following steps should be taken?

One criticism of government regulation of the economy is that the regulations themselves can raise the cost of economic activity,also known as __________.

What is the main purpose of monetary policy?

Worries about international competition often lead domestic producers to call for __________.

When did the deregulation movement have its greatest success?

The __________ provides an international forum for reaching trade agreements and resolving disputes among its 130 members.

If the Federal Reserve wanted to slow the rate of economic growth,it would most likely __________.

Compared to other nations such as Russia and Sweden,the United States has __________ than many of its competitors.

Constitutional Democracy

Constitutional Foundations

American Federalism

The American Political Landscape

Interest Groups

Political Parties

Public Opinion, ideology, participation, and Voting

Campaigns and Elections

The Media and Uspolitics

Congress

The Presidency

The Federal Bureaucracy and the Public Policy Process

The Judiciary: the Balancing Branch

Civil Liberties

Civil Rights

Making Social Policy

Making Foreign and Defense Policy

Filters

Exam 16: Making Economic Policy

The cost of borrowing money is directly linked to the interest rate a bank's best customers receive on short-term loans,or the __________.

When it comes to taxes,which of the following statements is true?

In what areas have federal regulations been introduced to protect workers in the United States?

Deregulation of the __________ industry was the first major victory in the deregulation movement and remains one of its most visible successes.

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.

If government wanted to prevent or break up monopolies,it might do which of the following?

The tax on the value of a product at each stage of production and distribution is called the __________.

Which of the following entities is responsible for setting the federal funds rate in the United States?

Under the Taft-Hartley Act,courts are allowed to issue __________.

In 2014,nearly half of federal spending went to __________.

Giving to charity is a form of corporate __________.

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

If a government wanted to use monetary policy to increase economic growth,which of the following steps should be taken?

One criticism of government regulation of the economy is that the regulations themselves can raise the cost of economic activity,also known as __________.

What is the main purpose of monetary policy?

Worries about international competition often lead domestic producers to call for __________.

When did the deregulation movement have its greatest success?

The __________ provides an international forum for reaching trade agreements and resolving disputes among its 130 members.

If the Federal Reserve wanted to slow the rate of economic growth,it would most likely __________.

Compared to other nations such as Russia and Sweden,the United States has __________ than many of its competitors.

Constitutional Democracy

Constitutional Foundations

American Federalism

The American Political Landscape

Interest Groups

Political Parties

Public Opinion, ideology, participation, and Voting

Campaigns and Elections

The Media and Uspolitics

Congress

The Presidency

The Federal Bureaucracy and the Public Policy Process

The Judiciary: the Balancing Branch

Civil Liberties

Civil Rights

Making Social Policy

Making Foreign and Defense Policy

Filters