Government Chapter 15 quiz

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.

inflation

A consistent increase in the price of goods and services is referred to as

laissez-faire economics

A fiscal policy strategy that favors minimal intervention in the nation's economy is known as

progressive tax

A tax whose effective rate on an individual's income increases as the person's income rises is a

House of Reps

All appropriations bills originate in the

capitalism

An economic system in which all or most of the means of production are privately owned under competitive conditions is

evaluation

During which stage of the policymaking process is policy is assessed for its worth and effectiveness in meeting its original objectives and goals?

limit the costs of health care

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

the government

In a universal health care system, the cost of health care is taken care of by

federal reserve system

Monetary policy in the United States is directly determined by the

redistributive tax policies

Taxation policies that aim to provide a social safety net to meet the minimum physical needs of citizens, are referred to as

Medicare

The _________ program was created to provide health insurance for the elderly.

justice

The principal goal of the due process model of criminal policymaking is

public policy

The set of laws, regulations, and rules that affect the whole of society are referred to as:

supply-side economics

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?

social security

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?

the amount of money spent in excess of what government collects in revenue in a single year

What is a budget deficit?

various alternatives are considered and preferred course is selected

What occurs during the formulation stage of the policymaking process?

the Great Depression

What significant event in U.S. history led to broader federal government involvement in welfare programs?

taxation

When the federal government undertakes fiscal policymaking, raising money is done through the process of:

the majority of cases go directly to trial

Which of the following is NOT an aspect of the crime control model of criminal justice?

medicare spending

Which of the following is an example of mandatory spending by the federal government?

an individual mandate to obtain healthcare insurance

Which of the following is part of the Patient Protection and Affordable Care Act of 2010?

the government should increase spending when economic times are bad

Which of the following statements demonstrates the idea of Keynesian economics?

A larger percentage of income is exacted from a lower-wage earner than from a higher-wage earner

Which of the following statements demonstrates the idea of a regressive tax?