Federal Government chapter 15
discount rate
A High ______ ______ makes it more expensive for banks to borrow money from the Federal Reserve Bank, but more profitable for banks to lend money.
C
A consistent increase in the price of goods and services is referred to as a. deflation b. price fixing c. inflation d. scaling
A
A fiscal policy strategy that favors minimal intervention in the nation's economy is known as a. laissez-faire economics b. Marxism c. Keynesian economics d. trickle-down
B
A tax whose effective rate on an individual's income increases as the person's income rises is a a. distributive tax b. progressive tax c. flat tax d. regressive tax
B
All appropriations bills originate in the a. The Executive office of the president b. House of Reps c. Congressional budget office d. Senate
B
An economic system in which all or most of the means of production are privately owned under competitive conditions is a. Marxism b. capitalism c. socialism d. a command economy
D
During which stage of the policymaking process is policy is assessed for its worth and effectiveness in meeting its original objectives and goals? a. formulation b. adoption c. implementation d. evaluation
D
Health maintenance organizations (HMOs) attempt to a. provide more money to the health care industry b. provide health care to the elderly c. provide hospitals with superior care d. limit the costs of health care
B
In a universal health care system, the cost of health care is taken care of by a. private citizens b. the government c. major corporations d. individual states
B
Monetary policy in the United States is directly determined by the a. president b. federal reserve system c. congressional budget office d. Dow, NASDAQ, and the S&P 500
D
Taxation policies that aim to provide a social safety net to meet the minimum physical needs of citizens, are referred to as a. flat tax policies b. distributive tax policies c. aggressive tax policies d. redistributive tax policies
Medicare
The _________ program was created to provide health insurance for the elderly.
D
The principal goal of the due process model of criminal policymaking is a. freedom b. innocence c. divisiveness d. justice
C
The set of laws, regulations, and rules that affect the whole of society are referred to as: a. public administration b. policy cycles c. public policy d. constitutional law
A
What economic theory advocates cutting taxes to put more money in the hands of people and businesses in the belief that it will stimulate an increase in overall spending and economic productivity? a. supply-side economics b. Keynesian economics c. rising tide theory d. tax and spending theory
B
What has frequently been called the "third rail" of American politics, based on the idea that any politician who touches it is sure to get shocked into submission? a. medicare b. social security c. welfare d. labor unions
A
What is a budget deficit? a. the amount of money spent in excess of what government collects in revenue in a single year b. the total sum of outstanding debt obligations of government c. the amount by which revenue exceeds spending in a given fiscal year d. the value of all goods/services produced in a given one-year period
A
What occurs during the formulation stage of the policymaking process? a. various alternatives are considered and preferred course is selected b. a policy under consideration assumes the authority of law c. a bureaucratic agency translates law into action through the adoption of regulations d. goals to be pursued through policy are first identified
C
What significant event in U.S. history led to broader federal government involvement in welfare programs? a. the Vietnam war b. march on Selma c. the Great Depression d. Prohibition
A
When the federal government undertakes fiscal policymaking, raising money is done through the process of: a. taxation b. lowering interest rates c. increasing the money supply d. raising the national debt
C
Which of the following is NOT an aspect of the crime control model of criminal justice? a. cases are forced to move quickly and efficiently through the system b. it relies heavily on early negotiations between prosecutors and defense attorneys c. the majority of cases go directly to trial d. the guilty will be routinely pressed to enter plea bargains
D
Which of the following is an example of mandatory spending by the federal government? a. environmental spending b. national defense spending c. educational spending d. medicare spending
A
Which of the following is part of the Patient Protection and Affordable Care Act of 2010? a. an individual mandate to obtain healthcare insurance b. complete privatization of all health care in the US c. implementation of a universal health care system d. change from private to public control of all hospitals
D
Which of the following statements demonstrates the idea of Keynesian economics? a. the best way to increase economic activity is to cut taxes b. the price of goods/services should be consistently increased c. the less the government intervenes in the economy, the better d. the government should increase spending when economic times are bad
D
Which of the following statements demonstrates the idea of a regressive tax? a. Individuals are all charged the same tax rate as a proportion of income b. When an individual's income increases, his or her tax rate also increases c. When an individual's income increases, his or her tax rate decreases d. A larger percentage of income is exacted from a lower-wage earner than from a higher-wage earner
