Question 1

Identify and explain the stages of the policymaking process.

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Question 2

Describe the three ways the Federal Reserve System controls the money supply.

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Question 3

What are the goals of the Federal Reserve Board, and what tools does it use to achieve them?

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Question 4

Outline and describe each step in the policymaking process using an actual policy as an example.

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Question 5

Monetary policies are largely determined by which of the following groups?

Accepted Answer

A)  Presidents 
B)  Federal Reserve Board 
C)  Congress 
D)  Congressional Budget Office 
E)  Treasury Department

Question 6

Social Security and Medicare are funded by taxes on which of the following?

Accepted Answer

A)  Luxury items 
B)  Employer's gross receipts 
C)  An individual's salary 
D)  Value of an individual's personal property 
E)  Capital gains

Question 7

Explain the idea of climate change and the ways in which this phenomenon has become politicized in the United States.

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Question 8

Discuss efforts taken by Congress and President Trump to deal with the issue of illegal immigration. Compare this to the efforts taken under the Obama administration.

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Question 9

Currently, which of the following is the greatest concern in U.S. and Iranian relations?

Accepted Answer

A)  Iran's assistance to insurgents in Iraq and Afghanistan 
B)  Iran's secret development of a nuclear capability 
C)  Iran's treatment of American citizens living and working in Iran 
D)  Iran's closed society that forbids Iranians from traveling outside of Iran 
E)  The U.S. treatment of Iranian citizens living and working in the United States

Question 10

Which of the following best describes domestic policy?

Accepted Answer

A)  Policies that affect major economic variables 
B)  All policies that affect housing, including construction costs and insurance 
C)  All the laws, government planning, and government actions that affect individuals' lives in the United States 
D)  Matters relating to law enforcement within the borders of the United States 
E)  The activities of the government in its relations with other countries

Question 11

Compare and contrast a bipolar world with a multipolar world.

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Question 12

Which of the following are government expenditures that exceed receipts?

Accepted Answer

A)  Upturns 
B)  Inflation 
C)  Surpluses 
D)  Deficits 
E)  Rebates

Question 13

Examine the federal budget deficit, why it occurred, and what measures should be taken to bring it down.

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Question 14

Discuss monetary policy. Explain how it compares to economic policy.

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Question 15

What is the name of the recent major health-care law mandating that individuals have health insurance?

Accepted Answer

A)  Affordable Care Act 
B)  Medicare 
C)  Medicaid 
D)  Dream Act 
E)  Aged Pension Program

Question 16

Discuss the connection between environmental policy and energy policy.

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Question 17

To curtail the activities of undocumented workers, which state passed a controversial immigration law requiring state and local police to check citizenship papers of those stopped for other offenses?

Accepted Answer

A)  Arizona 
B)  Michigan 
C)  California 
D)  Florida 
E)  Texas

Question 18

After retiring at the age of 67, Louisa relies on what federal program to provide her with health insurance benefits?

Accepted Answer

A)  Pension Protection Fund 
B)  Medicare 
C)  Medicaid 
D)  Social Security 
E)  Aged Pension Program

Question 19

When individuals with a stake in an issue begin to propose and develop solutions to a problem, what are they engaging in?

Accepted Answer

A)  Policy enactment 
B)  Policy formulation 
C)  Policy evaluation 
D)  Problem identification 
E)  Policy implementation

Question 20

Trace the evolution of American foreign policy from isolationism to global leadership.

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Exam 16: Economic, Domestic, and Foreign Policy