Question 1

What eventually pulled the United States out of the Great Depression?

Accepted Answer

A)  U.S. entry into World War II 
B)  the Lend Lease program 
C)  the New Deal programs 
D)  the free hand of the market 
A)  U.S. entry into World War II 
B)  the Lend Lease program 
C)  the New Deal programs 
D)  the free hand of the market

Question 2

Some Americans favor a tax code that does not favor one kind of economic activity over another. What kind of taxation policy would they support?

Accepted Answer

A)  a regressive tax 
B)  a progressive tax 
C)  tax neutrality 
D)  tax exemption 
A)  a regressive tax 
B)  a progressive tax 
C)  tax neutrality 
D)  tax exemption

Question 3

Capitalism __________ promote(s) equality of opportunity.

Accepted Answer

A)  never 
B)  may not 
C)  always 
D)  refuses to 
A)  never 
B)  may not 
C)  always 
D)  refuses to

Question 4

When the GDP has declined for two or more consecutive quarters, this economic time is known as a(n) __________.

Accepted Answer

A)  depression 
B)  recession 
C)  inflation 
D)  misery index 
A)  depression 
B)  recession 
C)  inflation 
D)  misery index

Question 5

The pay-as-you-go system was established under which president?

Accepted Answer

A)  Ronald Reagan 
B)  George H.W. Bush 
C)  Bill Clinton 
D)  Barack Obama 
A)  Ronald Reagan 
B)  George H.W. Bush 
C)  Bill Clinton 
D)  Barack Obama

Question 6

During the 1930s, the New Deal helped __________.

Accepted Answer

A)  increase regulation of wages 
B)  deregulate the food and drug industry 
C)  raise money for World War II 
D)  remove government from the economic arena 
A)  increase regulation of wages 
B)  deregulate the food and drug industry 
C)  raise money for World War II 
D)  remove government from the economic arena

Question 7

How was the U.S. economy and the federal government budget used as an issue in the 2012 presidential election?

Accepted Answer

The U.S. economy and the federal governm

Question 8

Give three (3) examples of where the federal government spends money.

Accepted Answer

The federal government allocates funds a

Question 9

What is the difference between discretionary and mandatory spending?

Accepted Answer

Discretionary spending and mandatory spe

Question 10

How does one realize an economic depression has taken place?

Accepted Answer

A)  significant oil price hikes 
B)  an increase in GDP 
C)  prolonged high unemployment 
D)  government intrusion in the economy 
A)  significant oil price hikes 
B)  an increase in GDP 
C)  prolonged high unemployment 
D)  government intrusion in the economy

What eventually pulled the United States out of the Great Depression?

Some Americans favor a tax code that does not favor one kind of economic activity over another. What kind of taxation policy would they support?

Capitalism __________ promote(s) equality of opportunity.

When the GDP has declined for two or more consecutive quarters, this economic time is known as a(n) __________.

The pay-as-you-go system was established under which president?

During the 1930s, the New Deal helped __________.

How was the U.S. economy and the federal government budget used as an issue in the 2012 presidential election?

Give three (3) examples of where the federal government spends money.

What is the difference between discretionary and mandatory spending?

How does one realize an economic depression has taken place?

The American People

The Constitution

Federalism

Public Opinion

News Media

Interest Groups

Political Parties

Elections

Congress

The Presidency

The Bureaucracy

The Judiciary

Civil Liberties

Civil Rights

Extension 2: Focus on: Environmental Policy

Extension 3: Focus On: Foreign Policy

Extension 4: Focus On: Health Policy

Filters

Exam 15: Extension 1: Focus On: Economic Policy

What eventually pulled the United States out of the Great Depression?

Some Americans favor a tax code that does not favor one kind of economic activity over another. What kind of taxation policy would they support?

Capitalism __________ promote(s) equality of opportunity.

When the GDP has declined for two or more consecutive quarters, this economic time is known as a(n) __________.

The pay-as-you-go system was established under which president?

During the 1930s, the New Deal helped __________.

How was the U.S. economy and the federal government budget used as an issue in the 2012 presidential election?

Give three (3) examples of where the federal government spends money.

What is the difference between discretionary and mandatory spending?

How does one realize an economic depression has taken place?

The American People

The Constitution

Federalism

Public Opinion

News Media

Interest Groups

Political Parties

Elections

Congress

The Presidency

The Bureaucracy

The Judiciary

Civil Liberties

Civil Rights

Extension 2: Focus on: Environmental Policy

Extension 3: Focus On: Foreign Policy

Extension 4: Focus On: Health Policy

Filters