Question 1

During the three decades immediately following World War II,

Accepted Answer

A) conservative forces successfully blocked any expansion of New Deal-type programs. 
B) the prevailing liberal ideology led to the passage of legislation that increased Social Security benefits,created of Medicare,and increased the minimum wage. 
C) disillusionment with government led to deregulation of airlines and other industries. 
D) most policy makers and the general public rejected Keynesian policies. 
A) conservative forces successfully blocked any expansion of New Deal-type programs. 
B) the prevailing liberal ideology led to the passage of legislation that increased Social Security benefits,created of Medicare,and increased the minimum wage. 
C) disillusionment with government led to deregulation of airlines and other industries. 
D) most policy makers and the general public rejected Keynesian policies.

Question 2

Comparisons between industrialized nations and less-developed countries indicates that as income rises,the demand for a clean and well-preserved environment

Accepted Answer

A) increases by a proportional amount. 
B) decreases by a proportional amount. 
C) increases by a more than proportional amount. 
D) decreases by a less than proportional amount. 
A) increases by a proportional amount. 
B) decreases by a proportional amount. 
C) increases by a more than proportional amount. 
D) decreases by a less than proportional amount.

Question 3

After 1960,all of the following declined except

Accepted Answer

A) the number of U.S.farms. 
B) the portion of U.S.labor force employed by the agricultural sector. 
C) the total amount of U.S.land devoted to farming. 
D) the average acreage per U.S.farm. 
A) the number of U.S.farms. 
B) the portion of U.S.labor force employed by the agricultural sector. 
C) the total amount of U.S.land devoted to farming. 
D) the average acreage per U.S.farm.

Question 4

All of the following changes characterize the postwar agricultural sector except

Accepted Answer

A) the rise of corporate farms. 
B) increasing reliance on expensive,large-scale machinery. 
C) innovations by federal and state laboratories that increased output. 
D) increasing numbers of tenant farms in the South. 
A) the rise of corporate farms. 
B) increasing reliance on expensive,large-scale machinery. 
C) innovations by federal and state laboratories that increased output. 
D) increasing numbers of tenant farms in the South.

Question 5

The passage of major pieces of consumer protection legislation in the postwar period

Accepted Answer

A) was one of the most dramatic development of that period. 
B) was influenced by the "red scare," and other hysteria over rumors of deliberate sabotage of consumer products. 
C) often were the result of highly visible public tragedies. 
D) Both a and b are correct. 
E)  Both a and c are correct. 
A) was one of the most dramatic development of that period. 
B) was influenced by the "red scare," and other hysteria over rumors of deliberate sabotage of consumer products. 
C) often were the result of highly visible public tragedies. 
D) Both a and b are correct. 
E)  Both a and c are correct.

Question 6

According to Arthur Schlesinger,Jr. ,government spending

Accepted Answer

A) may grow more slowly during conservative periods,but will never contract. 
B) follows a natural cycle of increases during liberal periods and decreases during conservative periods. 
C) grows at the same rate under both liberal and conservative leadership;only the distribution (defense v.civilian)of the spending changes. 
D) reflects attempts by political leaders to reject the dominant political ideology of their youth. 
A) may grow more slowly during conservative periods,but will never contract. 
B) follows a natural cycle of increases during liberal periods and decreases during conservative periods. 
C) grows at the same rate under both liberal and conservative leadership;only the distribution (defense v.civilian)of the spending changes. 
D) reflects attempts by political leaders to reject the dominant political ideology of their youth.

Question 7

Under the deficiency payments system,which was used to subsidize grain production,

Accepted Answer

A) the government purchased all surplus grain and destroys it. 
B) deficiency payments were increased when farmers cultivated their land more intensively. 
C) farmers were required reduce cultivated acreage by 10 percent. 
D) farmers had a greater incentive to engage in beneficial crop rotation. 
A) the government purchased all surplus grain and destroys it. 
B) deficiency payments were increased when farmers cultivated their land more intensively. 
C) farmers were required reduce cultivated acreage by 10 percent. 
D) farmers had a greater incentive to engage in beneficial crop rotation.

Question 8

Between 1940 and 2005,total government spending as a percentage of GDP nearly doubled.The primary source of this growth in spending was

Accepted Answer

A) increases in military expenditures. 
B) increases in government purchases of goods and services. 
C) increases in spending on health and income security. 
D) increases in the number of federal employees relative to the total labor force. 
A) increases in military expenditures. 
B) increases in government purchases of goods and services. 
C) increases in spending on health and income security. 
D) increases in the number of federal employees relative to the total labor force.

Question 9

Which of the following federal farm programs was successful in reducing agricultural surpluses?

Accepted Answer

A) The Agricultural Act of 1948 
B) The Emergency Act of 1978 
C) The Emergency Feed Grain Bill of 1961 
D) The Soil Bank Act of 1956 
A) The Agricultural Act of 1948 
B) The Emergency Act of 1978 
C) The Emergency Feed Grain Bill of 1961 
D) The Soil Bank Act of 1956

Question 10

The "Great Society" initiative led to the creation of

Accepted Answer

A) Medicare. 
B) Rent subsidies for the poor. 
C) the Department of Transportation. 
D) the Department of Housing and Urban Development. 
E)  All of the above. 
A) Medicare. 
B) Rent subsidies for the poor. 
C) the Department of Transportation. 
D) the Department of Housing and Urban Development. 
E)  All of the above.

Question 11

By 1994,the percentage of the U.S.labor force employed in agriculture was

Accepted Answer

A) less than 3 percent. 
B) between 5 and 7 percent. 
C) about 10 percent. 
D) 15 percent. 
A) less than 3 percent. 
B) between 5 and 7 percent. 
C) about 10 percent. 
D) 15 percent.

Question 12

The existence of external costs means that

Accepted Answer

A) the producer's marginal cost is greater than the marginal social cost of production. 
B) the producer's marginal cost is less than the marginal social cost of production. 
C) the consumer's marginal benefit is greater than the marginal social benefit of the good. 
D) the consumer's marginal benefit is less than the marginal social benefit of the good. 
A) the producer's marginal cost is greater than the marginal social cost of production. 
B) the producer's marginal cost is less than the marginal social cost of production. 
C) the consumer's marginal benefit is greater than the marginal social benefit of the good. 
D) the consumer's marginal benefit is less than the marginal social benefit of the good.

Exam 26: The Changing Role of the Federal Government

During the three decades immediately following World War II,

Comparisons between industrialized nations and less-developed countries indicates that as income rises,the demand for a clean and well-preserved environment

After 1960,all of the following declined except

All of the following changes characterize the postwar agricultural sector except

The passage of major pieces of consumer protection legislation in the postwar period

According to Arthur Schlesinger,Jr. ,government spending

Under the deficiency payments system,which was used to subsidize grain production,

Between 1940 and 2005,total government spending as a percentage of GDP nearly doubled.The primary source of this growth in spending was

Which of the following federal farm programs was successful in reducing agricultural surpluses?

The "Great Society" initiative led to the creation of

By 1994,the percentage of the U.S.labor force employed in agriculture was

The existence of external costs means that

Economic History

Founding the Colonies

Colonial Economic Activities

The Economic Relations of the Colonies

Economic Progress and Wealth

Three Crises and Revolt

Hard Realities for a New Nation

Land and the Early Western Movements

Transportation and Market Growth

Market Expansion Industry in First Transition

Labor During the Early Industrial Period

Money and Banking in the Developing Economy

The Entrenchment of Slavery and Regional Conflict

War, Recovery and Regional Divergence

Agricultures Western Advance

Railroads and Economic Change

Industrial Expansion and Concentration

The Emergence of Americas Labor Consciousness

Money, Prices, and Finance in the Postbellum ERA

Commerce at Home and Abroad

Mobilizing for War

The Roaring Twenties

The Great Depression

The New Deal

World War II

Government the Business Cycle After World War II

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

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