Question 1

Regarding fiscal policy, the Texas Constitution requires that the

Accepted Answer

A)  legislature draft and pass an annual budget. 
B)  state's expenditures should be within 10 percent of projected state revenues. 
C)  state's spending should be in balance with projected state revenues. 
D)  governor certify that state spending is in balance with state revenues. 
A)  legislature draft and pass an annual budget. 
B)  state's expenditures should be within 10 percent of projected state revenues. 
C)  state's spending should be in balance with projected state revenues. 
D)  governor certify that state spending is in balance with state revenues.

Question 2

The State Auditor is appointed by and serves at the will of the

Accepted Answer

A)  Texas Governor. 
B)  Secretary of State. 
C)  Legislative Budget Board. 
D)  Legislative Audit Committee. 
A)  Texas Governor. 
B)  Secretary of State. 
C)  Legislative Budget Board. 
D)  Legislative Audit Committee.

Question 3

Texas has one of the most __________ state tax systems in the United States.

Accepted Answer

A)  regressive 
B)  progressive 
C)  responsible 
D)  expensive 
A)  regressive 
B)  progressive 
C)  responsible 
D)  expensive

Question 4

State accounts are audited under the direct supervision of the

Accepted Answer

A)  state comptroller. 
B)  state treasurer. 
C)  lieutenant governor. 
D)  state auditor. 
A)  state comptroller. 
B)  state treasurer. 
C)  lieutenant governor. 
D)  state auditor.

Question 5

The state's Economic Stabilization Fund is

Accepted Answer

A)  funded by proceeds from the state lottery. 
B)  used to fund local government operations. 
C)  used to supplement federal grants when those decline. 
D)  sometimes called the "rainy day" fund. 
A)  funded by proceeds from the state lottery. 
B)  used to fund local government operations. 
C)  used to supplement federal grants when those decline. 
D)  sometimes called the "rainy day" fund.

Question 6

The second largest single expenditure item by functional class of the Texas government is

Accepted Answer

A)  debt service. 
B)  public elementary and secondary education. 
C)  public higher education. 
D)  public assistance. 
A)  debt service. 
B)  public elementary and secondary education. 
C)  public higher education. 
D)  public assistance.

Question 7

The state of Texas budgetary period is one of

Accepted Answer

A)  one year. 
B)  two years. 
C)  three years. 
D)  four years. 
A)  one year. 
B)  two years. 
C)  three years. 
D)  four years.

Question 8

The impact of Homeland Security on Texas has been mainly in

Accepted Answer

A)  patrolling the border with Mexico. 
B)  combating drug cartels. 
C)  increased funding in the state's budget. 
D)  increasing the size of the Texas national Guard. 
A)  patrolling the border with Mexico. 
B)  combating drug cartels. 
C)  increased funding in the state's budget. 
D)  increasing the size of the Texas national Guard.

Question 9

The fund available to the Texas legislature for general appropriations purposes is called the

Accepted Answer

A)  "rainy day" fund. 
B)  general obligation fund. 
C)  general revenue fund. 
D)  sales tax revenue fund. 
A)  "rainy day" fund. 
B)  general obligation fund. 
C)  general revenue fund. 
D)  sales tax revenue fund.

Question 10

Taxes that are a greater burden on lower incomes and less so on higher incomes are known as

Accepted Answer

A)  flat taxes. 
B)  progressive taxes. 
C)  regressive taxes. 
D)  nominal taxes. 
A)  flat taxes. 
B)  progressive taxes. 
C)  regressive taxes. 
D)  nominal taxes.

Question 11

Why do governments borrow money? In particular, describe the debt process in Texas, tracing its historic growth. Defend and criticize the various objects of public borrowing in Texas.

Accepted Answer

Governments borrow money for a variety o

Question 12

All education funding in Texas is approximately what percent of state expenditures?

Accepted Answer

A)  10-15 percent 
B)  30-35 percent 
C)  40-45 percent 
D)  50-55 percent 
A)  10-15 percent 
B)  30-35 percent 
C)  40-45 percent 
D)  50-55 percent

Question 13

So-called "sin taxes" are levies placed on

Accepted Answer

A)  alcohol, mixed drinks, and tobacco. 
B)  food, clothing, and drinks. 
C)  hotel and restaurant revenues. 
D)  hunting and fishing activities. 
A)  alcohol, mixed drinks, and tobacco. 
B)  food, clothing, and drinks. 
C)  hotel and restaurant revenues. 
D)  hunting and fishing activities.

Question 14

Describe the history of highway funding in Texas. Identify problems associated with the current system and possible solutions.

Accepted Answer

The history of highway funding in Texas

Question 15

Which of the following entities in Texas is not funded by the property tax?

Accepted Answer

A)  County government 
B)  State agencies 
C)  Municipalities 
D)  School districts 
A)  County government 
B)  State agencies 
C)  Municipalities 
D)  School districts

Question 16

Texas has sought to reduce the cost associated with state prisons by all the following, except

Accepted Answer

A)  increasing sentencing terms. 
B)  encouraging education programs. 
C)  providing drug abuse counseling. 
D)  counseling to help transition to civilian life. 
A)  increasing sentencing terms. 
B)  encouraging education programs. 
C)  providing drug abuse counseling. 
D)  counseling to help transition to civilian life.

Question 17

Texas has generally resisted balancing the budget by all of the following, except

Accepted Answer

A)  enacting a state income tax. 
B)  increasing various state taxes. 
C)  reducing agency funding. 
D)  borrowing from the "rainy-day" fund. 
A)  enacting a state income tax. 
B)  increasing various state taxes. 
C)  reducing agency funding. 
D)  borrowing from the "rainy-day" fund.

Question 18

Most Texans have indicated in numerous polls that they prefer __________ taxation.

Accepted Answer

A)  regressive 
B)  progressive 
C)  flat 
D)  neutral 
A)  regressive 
B)  progressive 
C)  flat 
D)  neutral

Question 19

The largest portion of revenue for the State of Texas comes from

Accepted Answer

A)  gambling and lottery funds. 
B)  federal grants-in-aid. 
C)  local property taxes. 
D)  various state taxes. 
A)  gambling and lottery funds. 
B)  federal grants-in-aid. 
C)  local property taxes. 
D)  various state taxes.

Question 20

Which of the following programs allows parents to lock in the cost of future tuition and fees at a state university or college?

Accepted Answer

A)  Teach for Texas Fund 
B)  Texas Tomorrow Fund 
C)  Available University Fund 
D)  Texas Grant towards Excellence Fund 
A)  Teach for Texas Fund 
B)  Texas Tomorrow Fund 
C)  Available University Fund 
D)  Texas Grant towards Excellence Fund

Regarding fiscal policy, the Texas Constitution requires that the

The State Auditor is appointed by and serves at the will of the

Texas has one of the most __________ state tax systems in the United States.

State accounts are audited under the direct supervision of the

The state's Economic Stabilization Fund is

The second largest single expenditure item by functional class of the Texas government is

The state of Texas budgetary period is one of

The impact of Homeland Security on Texas has been mainly in

The fund available to the Texas legislature for general appropriations purposes is called the

Taxes that are a greater burden on lower incomes and less so on higher incomes are known as

Why do governments borrow money? In particular, describe the debt process in Texas, tracing its historic growth. Defend and criticize the various objects of public borrowing in Texas.

All education funding in Texas is approximately what percent of state expenditures?

So-called "sin taxes" are levies placed on

Describe the history of highway funding in Texas. Identify problems associated with the current system and possible solutions.

Which of the following entities in Texas is not funded by the property tax?

Texas has sought to reduce the cost associated with state prisons by all the following, except

Texas has generally resisted balancing the budget by all of the following, except

Most Texans have indicated in numerous polls that they prefer __________ taxation.

The largest portion of revenue for the State of Texas comes from

Which of the following programs allows parents to lock in the cost of future tuition and fees at a state university or college?

The Environment of Texas Politics

Federalism and the Texas Constitution

Local Governments

Political Parties

Campaigns and Elections

The Politics of Interest Groups

The Legislature

The Executive

Public Policy and Administration

Laws, Courts, and Justice

Filters

Exam 11: Finance and Fiscal Policy

Regarding fiscal policy, the Texas Constitution requires that the

The State Auditor is appointed by and serves at the will of the

Texas has one of the most __________ state tax systems in the United States.

State accounts are audited under the direct supervision of the

The state's Economic Stabilization Fund is

The second largest single expenditure item by functional class of the Texas government is

The state of Texas budgetary period is one of

The impact of Homeland Security on Texas has been mainly in

The fund available to the Texas legislature for general appropriations purposes is called the

Taxes that are a greater burden on lower incomes and less so on higher incomes are known as

Why do governments borrow money? In particular, describe the debt process in Texas, tracing its historic growth. Defend and criticize the various objects of public borrowing in Texas.

All education funding in Texas is approximately what percent of state expenditures?

So-called "sin taxes" are levies placed on

Describe the history of highway funding in Texas. Identify problems associated with the current system and possible solutions.

Which of the following entities in Texas is not funded by the property tax?

Texas has sought to reduce the cost associated with state prisons by all the following, except

Texas has generally resisted balancing the budget by all of the following, except

Most Texans have indicated in numerous polls that they prefer __________ taxation.

The largest portion of revenue for the State of Texas comes from

Which of the following programs allows parents to lock in the cost of future tuition and fees at a state university or college?

The Environment of Texas Politics

Federalism and the Texas Constitution

Local Governments

Political Parties

Campaigns and Elections

The Politics of Interest Groups

The Legislature

The Executive

Public Policy and Administration

Laws, Courts, and Justice

Filters