Question 1

Economics

Accepted Answer

A)  started as a business application. 
B)  can never be defined. 
C)  is the study of unlimited wants but limited resources. 
D)  has no "real world" relevance. 
A)  started as a business application. 
B)  can never be defined. 
C)  is the study of unlimited wants but limited resources. 
D)  has no "real world" relevance.

Question 2

Write an essay discussing some of the reasons that federal expenditures for Social Security have increased since 1965.

Accepted Answer

Federal expenditures for Social Security

Question 3

Economists who study the role of government in the market

Accepted Answer

A)  agree mostly on the role that the government should play. 
B)  study for market problems that the government might help solve. 
C)  find that supply and demand graphs never work for the government. 
D)  none of these answer options are correct. 
A)  agree mostly on the role that the government should play. 
B)  study for market problems that the government might help solve. 
C)  find that supply and demand graphs never work for the government. 
D)  none of these answer options are correct.

Question 4

In 2011 national defense was just as large a general expenditure as Social Security.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 5

A very small portion of government expenditures is financed by taxes.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 6

Politics

Accepted Answer

A)  play no role in public finance. 
B)  influence government decisions. 
C)  have to be factored into economic decision making. 
D)  all of these answer options are correct. 
A)  play no role in public finance. 
B)  influence government decisions. 
C)  have to be factored into economic decision making. 
D)  all of these answer options are correct.

Question 7

Individuals

Accepted Answer

A)  are too small to matter in macroeconomic decision making. 
B)  need to participate in a democracy. 
C)  make up the government. 
D)  are too small to matter in macroeconomic decision making and need to participate in a democracy. 
E)  need to participate in a democracy and make up the government. 
A)  are too small to matter in macroeconomic decision making. 
B)  need to participate in a democracy. 
C)  make up the government. 
D)  are too small to matter in macroeconomic decision making and need to participate in a democracy. 
E)  need to participate in a democracy and make up the government.

Question 8

Public finance

Accepted Answer

A)  is not like public economics. 
B)  develops principles for understanding the economic role of government. 
C)  only works for local and state governments. 
D)  all of these answer options are correct. 
A)  is not like public economics. 
B)  develops principles for understanding the economic role of government. 
C)  only works for local and state governments. 
D)  all of these answer options are correct.

Question 9

In a pure market economy,

Accepted Answer

A)  there is no role for government. 
B)  government intervention might be needed. 
C)  large markets where people meet to buy and sell are required. 
D)  all of these answer options are correct. 
A)  there is no role for government. 
B)  government intervention might be needed. 
C)  large markets where people meet to buy and sell are required. 
D)  all of these answer options are correct.

Question 10

Expenditures,as a percentage of GDP for the United States,are not very different than those of other industrialized nations.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 11

Discuss your views on government intervention regarding tobacco consumption.

Accepted Answer

As with many social issues,tobacco consu

Question 12

Payroll taxes are a major financing tool at the federal level.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Economics

Write an essay discussing some of the reasons that federal expenditures for Social Security have increased since 1965.

Economists who study the role of government in the market

In 2011 national defense was just as large a general expenditure as Social Security.

A very small portion of government expenditures is financed by taxes.

Politics

Individuals

Public finance

In a pure market economy,

Expenditures,as a percentage of GDP for the United States,are not very different than those of other industrialized nations.

Discuss your views on government intervention regarding tobacco consumption.

Payroll taxes are a major financing tool at the federal level.

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Expenditure Programs for the Poor

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters

Exam 1: Introduction

Economics

Write an essay discussing some of the reasons that federal expenditures for Social Security have increased since 1965.

Economists who study the role of government in the market

In 2011 national defense was just as large a general expenditure as Social Security.

A very small portion of government expenditures is financed by taxes.

Politics

Individuals

Public finance

In a pure market economy,

Expenditures,as a percentage of GDP for the United States,are not very different than those of other industrialized nations.

Discuss your views on government intervention regarding tobacco consumption.

Payroll taxes are a major financing tool at the federal level.

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Expenditure Programs for the Poor

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters