Question 1

Identify a true statement about the tax system in the United States.

Accepted Answer

A)  The Tax Reform Act of 1986 was intended to lower taxes and simplify the tax code-and it did just that for most taxpayers. 
B)  A few years after the Tax Reform Act of 1986 was passed, large federal deficits forced Congress to cut spending. 
C)  Those affected by the Tax Reform Act of 1986 lobbied Congress to legislate special exceptions so that the full impact of the rate increase would be felt by the wealthiest Americans. 
D)  Tax cuts occurred under the administrations of both George H. W. Bush (1989-1993) and Bill Clinton (1993-2001). 
E)  The tax rate for the highest income bracket decreased from 39.6 percent in 1986 to 28 percent in 1993. 
A)  The Tax Reform Act of 1986 was intended to lower taxes and simplify the tax code-and it did just that for most taxpayers. 
B)  A few years after the Tax Reform Act of 1986 was passed, large federal deficits forced Congress to cut spending. 
C)  Those affected by the Tax Reform Act of 1986 lobbied Congress to legislate special exceptions so that the full impact of the rate increase would be felt by the wealthiest Americans. 
D)  Tax cuts occurred under the administrations of both George H. W. Bush (1989-1993) and Bill Clinton (1993-2001). 
E)  The tax rate for the highest income bracket decreased from 39.6 percent in 1986 to 28 percent in 1993.

Question 2

Which of the following actions is most likely to be taken by the Federal Reserve System in periods of recession and high unemployment?

Accepted Answer

A)  Expanding the rate of growth of the money supply 
B)  Causing interest rates to rise 
C)  Inducing consumers to spend less and businesses to invest less 
D)  Pursuing a tight-money policy 
E)  Reducing the rate of growth in the amount of money in circulation 
A)  Expanding the rate of growth of the money supply 
B)  Causing interest rates to rise 
C)  Inducing consumers to spend less and businesses to invest less 
D)  Pursuing a tight-money policy 
E)  Reducing the rate of growth in the amount of money in circulation

Question 3

When the U.S.government spends more than it receives,it typically finances the shortfall by selling IOUs,commonly called _____.

Accepted Answer

A)  entitlements 
B)  long-term loans 
C)  credit vouchers 
D)  treasuries 
E)  interest investments 
A)  entitlements 
B)  long-term loans 
C)  credit vouchers 
D)  treasuries 
E)  interest investments

Question 4

The American income tax system is regressive.

Accepted Answer

A) True 
 B)False

Question 5

Gerald is a retired businessman.At the age of seventy-two years,he is diagnosed with throat cancer.His medical expenses are most likely to be covered by _____.

Accepted Answer

A)  TexCare 
B)  TRICARE 
C)  Medicare 
D)  PeachCare 
E)  Medicaid 
A)  TexCare 
B)  TRICARE 
C)  Medicare 
D)  PeachCare 
E)  Medicaid

Question 6

All of the following are key participants in developing proposed legislation EXCEPT:

Accepted Answer

A)  the president. 
B)  the members of Congress. 
C)  administrative agencies. 
D)  the citizens of the country. 
E)  interest group leaders. 
A)  the president. 
B)  the members of Congress. 
C)  administrative agencies. 
D)  the citizens of the country. 
E)  interest group leaders.

Question 7

Monetary policy is under the control of:

Accepted Answer

A)  the Bureau of the Fiscal Services. 
B)  the Committee on Ways and Means. 
C)  the Federal Reserve System. 
D)  the Internal Revenue Service. 
E)  the Department of the Treasury. 
A)  the Bureau of the Fiscal Services. 
B)  the Committee on Ways and Means. 
C)  the Federal Reserve System. 
D)  the Internal Revenue Service. 
E)  the Department of the Treasury.

Question 8

Silas is ten years old.His mother is a homemaker,while his father is a door-to-door salesman with a modest income.Silas is most likely to be covered by _____.

Accepted Answer

A)  the Children's Health Insurance Program 
B)  TRICARE 
C)  the Family Social Security Plan 
D)  the Family Wellness Scheme 
E)  Medicare 
A)  the Children's Health Insurance Program 
B)  TRICARE 
C)  the Family Social Security Plan 
D)  the Family Wellness Scheme 
E)  Medicare

Question 9

Identify a true statement about the U.S.health-care system.

Accepted Answer

A)  Only five percent of national spending in the United States goes to health care. 
B)  There are many health-care insurance policies in the United States. 
C)  A problem associated with the health care system is the lack of health-care insurance. 
D)  U.S. health-care costs have been declining for years. 
E)  Health care is completely ignored by the federal government. 
A)  Only five percent of national spending in the United States goes to health care. 
B)  There are many health-care insurance policies in the United States. 
C)  A problem associated with the health care system is the lack of health-care insurance. 
D)  U.S. health-care costs have been declining for years. 
E)  Health care is completely ignored by the federal government.

Question 10

Which of the following statements is true of Medicare?

Accepted Answer

A)  Medicare pays for health-care services for low-income persons. 
B)  Medicare is now the government's second-largest domestic spending program, after Social Security. 
C)  The Medicare program pays for nursing home expenses. 
D)  The costs of Medicare are expected to decline over the next two decades with the retirement of baby boomers. 
E)  Medicare is an example of federal discretionary spending. 
A)  Medicare pays for health-care services for low-income persons. 
B)  Medicare is now the government's second-largest domestic spending program, after Social Security. 
C)  The Medicare program pays for nursing home expenses. 
D)  The costs of Medicare are expected to decline over the next two decades with the retirement of baby boomers. 
E)  Medicare is an example of federal discretionary spending.

Question 11

Chad,a sales executive at Ochre Inc.,is laid off after Ochre faces severe financial losses in the second and third quarters of 2014.As a result,Chad is struggling to make ends meet with his limited savings.His debt has considerably increased,and he finding it difficult to pay his household bills.This situation is characteristic of _____.

Accepted Answer

A)  foreclosure 
B)  an appreciation period 
C)  a recession 
D)  disintermediation 
E)  a boom period 
A)  foreclosure 
B)  an appreciation period 
C)  a recession 
D)  disintermediation 
E)  a boom period

Question 12

Which of the following statements is true of fracking?

Accepted Answer

A)  It has turned the United States into the number-one oil producer in the world as of 2014. 
B)  It greatly contributes to the release of greenhouse gases into the atmosphere. 
C)  It is a costly process owing to high prices of oil and gas. 
D)  It involves pumping a high-pressure mixture of iron and sulfur into oil- or gas-bearing underground rock. 
E)  It is commonly known as hydraulic drilling. 
A)  It has turned the United States into the number-one oil producer in the world as of 2014. 
B)  It greatly contributes to the release of greenhouse gases into the atmosphere. 
C)  It is a costly process owing to high prices of oil and gas. 
D)  It involves pumping a high-pressure mixture of iron and sulfur into oil- or gas-bearing underground rock. 
E)  It is commonly known as hydraulic drilling.

Question 13

Which of the following statements is true of nuclear energy?

Accepted Answer

A)  It involves the release of 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 involves the release of 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.

Question 14

Which of the following statements is true of Medicaid?​

Accepted Answer

A)  Medicaid pays for health-care insurance for Americans aged sixty-five years and over. 
B)  The Medicaid program does not pay for nursing home expenses. 
C)  The cost of Medicaid has declined in the last decade. 
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 pays for health-care insurance for Americans aged sixty-five years and over. 
B)  The Medicaid program does not pay for nursing home expenses. 
C)  The cost of Medicaid has declined in the last decade. 
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 15

Discuss the provisions of the Agricultural Act of 2014.

Accepted Answer

The Agricultural Act of 2014,commonly kn

Question 16

For conservatives,entitlements are an essential part of the social compact that binds people together.

Accepted Answer

A) True 
 B)False

Question 17

Bradley is a seventy-year-old war veteran.Which of the following health-care insurance policies is he most likely to have?

Accepted Answer

A)  TexCare 
B)  TRICARE 
C)  Medicaid 
D)  PeachCare 
E)  Medicare 
A)  TexCare 
B)  TRICARE 
C)  Medicaid 
D)  PeachCare 
E)  Medicare

Question 18

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 Medicare 
D) Family Wellness Scheme 
A) Children's Health Insurance Program 
B) Family Social Security Plan 
C) Children's Medicare 
D) Family Wellness Scheme

Question 19

Which of the following statements is true of energy sources in the United States?

Accepted Answer

A)  U.S. oil production, which rose sharply after 1985, began to decline again in 2009. 
B)  Low natural gas prices plus new air-pollution regulations have made coal uncompetitive as a source of electricity. 
C)  It is expected that in 2016 crude oil imports will increase to 25 percent of consumption. 
D)  The Obama administration approved the construction of the Keystone XL pipeline along the U.S. Gulf Coast. 
E)  Imports of natural gas are cost-effective as natural gas can be transported by ship efficiently. 
A)  U.S. oil production, which rose sharply after 1985, began to decline again in 2009. 
B)  Low natural gas prices plus new air-pollution regulations have made coal uncompetitive as a source of electricity. 
C)  It is expected that in 2016 crude oil imports will increase to 25 percent of consumption. 
D)  The Obama administration approved the construction of the Keystone XL pipeline along the U.S. Gulf Coast. 
E)  Imports of natural gas are cost-effective as natural gas can be transported by ship efficiently.

Question 20

Identify a true statement about health-insurance coverage.

Accepted Answer

A)  The national health insurance plan that the United States has adopted provides a minor role for the private sector. 
B)  The United States is the only economically advanced nation that provides universal health-insurance coverage to its citizens. 
C)  The universal health insurance plan proposed by President Bill Clinton during his first term failed to pass Congress. 
D)  The national health insurance plan is only found in the world's economically backward nations. 
E)  Under the national health insurance, private insurance companies provide basic health-care insurance coverage to everyone in the country. 
A)  The national health insurance plan that the United States has adopted provides a minor role for the private sector. 
B)  The United States is the only economically advanced nation that provides universal health-insurance coverage to its citizens. 
C)  The universal health insurance plan proposed by President Bill Clinton during his first term failed to pass Congress. 
D)  The national health insurance plan is only found in the world's economically backward nations. 
E)  Under the national health insurance, private insurance companies provide basic health-care insurance coverage to everyone in the country.

Identify a true statement about the tax system in the United States.

Which of the following actions is most likely to be taken by the Federal Reserve System in periods of recession and high unemployment?

When the U.S.government spends more than it receives,it typically finances the shortfall by selling IOUs,commonly called _____.

The American income tax system is regressive.

Gerald is a retired businessman.At the age of seventy-two years,he is diagnosed with throat cancer.His medical expenses are most likely to be covered by _____.

All of the following are key participants in developing proposed legislation EXCEPT:

Monetary policy is under the control of:

Silas is ten years old.His mother is a homemaker,while his father is a door-to-door salesman with a modest income.Silas is most likely to be covered by _____.

Identify a true statement about the U.S.health-care system.

Which of the following statements is true of Medicare?

Which of the following statements is true of fracking?

Which of the following statements is true of nuclear energy?

Which of the following statements is true of Medicaid?

Discuss the provisions of the Agricultural Act of 2014.

For conservatives,entitlements are an essential part of the social compact that binds people together.

Bradley is a seventy-year-old war veteran.Which of the following health-care insurance policies is he most likely to have?

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

Which of the following statements is true of energy sources in the United States?

Identify a true statement about health-insurance coverage.

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 Judiciary

Foreign Policy

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Exam 15: Domestic Policy

Identify a true statement about the tax system in the United States.

Which of the following actions is most likely to be taken by the Federal Reserve System in periods of recession and high unemployment?

When the U.S.government spends more than it receives,it typically finances the shortfall by selling IOUs,commonly called _____.

The American income tax system is regressive.

Gerald is a retired businessman.At the age of seventy-two years,he is diagnosed with throat cancer.His medical expenses are most likely to be covered by _____.

All of the following are key participants in developing proposed legislation EXCEPT:

Monetary policy is under the control of:

Silas is ten years old.His mother is a homemaker,while his father is a door-to-door salesman with a modest income.Silas is most likely to be covered by _____.

Identify a true statement about the U.S.health-care system.

Which of the following statements is true of Medicare?

Which of the following statements is true of fracking?

Which of the following statements is true of nuclear energy?

Which of the following statements is true of Medicaid?​

Discuss the provisions of the Agricultural Act of 2014.

For conservatives,entitlements are an essential part of the social compact that binds people together.

Bradley is a seventy-year-old war veteran.Which of the following health-care insurance policies is he most likely to have?

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

Which of the following statements is true of energy sources in the United States?

Identify a true statement about health-insurance coverage.

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 Judiciary

Foreign Policy

Filters

Which of the following statements is true of Medicaid?