Chapter 15 Domestic and Economic Policy

______ policy seeks to foster or discourage various economic or social activities, typically through subsidies or tax breaks.

promotional

In the 1990s, scientists working on climate change began to conclude that gases released by human activity, principally CO2, are producing

a "greenhouse effect"

A sustained rise in the general price level of goods and services is called

inflation

Of all the petroleum the United States consumes, how much is imported?

three-fifths

The number of unauthorized immigrants in the United States is estimated to be around

11 million

Those who were born on foreign soil now constitute about ______ of the U.S. population.

13 percent

Which of the following statements concerning attitudes toward global warming is true?

A majority of Republicans believe that global warming does not exist

How best to protect our environment and what the speed limit should be on interstate highways are both

Domestic policy questions

Which of the following statements about immigration rates in the United States is true?

Immigration rates are among the highest they have been since their peak in the early twentieth century.

When the economy is faced with inflation, according to monetary policy, what should the government do?

It should lower taxes

Which of the following statements about Arizona's 2010 immigration law is false?

Other states made tougher immigration laws soon afterward

Which of the following statements regarding the federal budget is true?

The United States had a budget surplus each year from 1998-2002

About 13 percent of all U.S. oil imports come from

Venezuela and Iran

An economic downturn, usually characterized by a fall in the GDP and rising unemployment, is called

a recession

The value of all taxes collected by the various levels of government in the United States is

about 27% of the GDP

Domestic policy is best defined as

all the laws, government planning, and government action that concern internal issues of national importance.

______ scientists who perform research on the world's climate believe that global warming will be significant.

almost all

With regard to the issue of oil and energy,

in recent years, the practice of fracking stands to reduce America's dependence on foreign oil.

Which of the following happens with a progressive tax system?

people with higher incomes pay taxes at a higher rate

______ policy transfers income from certain individuals or groups to others.

redistributive

Regulatory policy

seeks to define what is and is not legal.

Keynesian economics advocates

the use of government spending and taxing to help stabilize the economy

What do tax loopholes allow individuals and corporations to do?

they allow them to reduce their tax liabilities legally

Monetary policy includes

using changes in the amount of money in circulation to alter credit markets, employment, and the rate of inflation.

Which of the following best defines deficit spending?

when the government spends more than it receives