Question 1

Noncash goods and services provided to needy individuals and families by the federal government are called

Accepted Answer

A)  virtual benefits.
B)  in-kind benefits.
C)  direct benefits.
D)  commodity assortments.
E)  product assortments.F) B) and C)
G) C) and D)

Question 2

Probably the greatest long-term threat to the viability of the Social Security system is the

Accepted Answer

A)  pending retirement of baby boomers.
B)  dramatic increase in health care costs.
C)  declining political clout of senior citizens.
D)  number of current workers choosing not to participate.
E)  declining value of the Treasury bonds in which the Social Security trust fund is invested.F) None of the above
G) A) and B)

Question 3

During the nineteenth century,the national government was a promoter of

Accepted Answer

A)  markets.
B)  monopolies.
C)  deregulation.
D)  categorical grants-in-aid.
E)  Keynesian policies.F) A) and D)
G) B) and C)

Question 4

The provision for an interstate highway system is considered to be a

Accepted Answer

A)  liability.
B)  labor cost.
C)  public good.
D)  market structure.
E)  tangible good.F) A) and C)
G) C) and E)

Question 5

Which of the following is an example of a means-tested program?

Accepted Answer

A)  Medicaid
B)  Medicare
C)  farm subsidies
D)  Social Security
E)  home mortgage interest deductionsF) B) and E)
G) B) and D)

Question 6

Laws of exchange have deemed certain kinds of exchanges off-limits.

Accepted Answer

A) True 
 B)False

Question 7

The national government administers the TANF program.

Accepted Answer

A) True 
 B)False

Question 8

Discuss the advantages and disadvantages of regressive and progressive tax policies.Which one would you recommend and why?

Accepted Answer

.Regressive
.Advantages: Tax receipts ma...

Question 9

National tariff policies promote domestic markets by

Accepted Answer

A)  encouraging free trade.
B)  restricting imported goods.
C)  building interstate transportation links.
D)  subsidizing family farmers and urban industries.
E)  bringing inexpensive labor to the United States.F) B) and C)
G) B) and D)

Question 10

Which term describes a company that provides all the goods and services for a particular market such that competition is nonexistent?

Accepted Answer

A)  simplex
B)  unigarchy
C)  autogarchy
D)  monopoly
E)  bully firmF) None of the above
G) C) and D)

Question 11

A contract is meaningless unless it is

Accepted Answer

A)  notarized.
B)  a written agreement.
C)  enforceable.
D)  regulated.
E)  signed by both parties.F) C) and E)
G) B) and D)

Question 12

What was one of President Clinton's major achievements in the welfare field?

Accepted Answer

A)  the increase of the Earned Income Tax Credit
B)  the increase of the Supplemental Security interest rate
C)  the increase of the number of individuals covered under AFDC
D)  the increase of the number of single mothers receiving welfare assistance
E)  the increase of the number of people above the poverty line receiving TANFF) A) and C)
G) A) and E)

Question 13

In 1996,President Clinton signed the promised welfare reform bill into law.It was called the

Accepted Answer

A)  Reinventing Welfare as We Know It Act (RWWK
A)  .
B)  Public Assistance Reform and Control Act (PARC
A)  .
C)  Consolidated Omnibus Benefit Reconciliation Act (COBR
A)  .
D)  Personal Responsibility and Work Opportunity Reconciliation Act (PRWOR
A)  .
E)  Welfare to Work Program (W2W) .F) A) and D)
G) A) and B)

Question 14

If there were no Social Security,half of all senior citizens would be living below the
poverty line.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is something the federal government does to promote economic prosperity?

Accepted Answer

A)  allows skilled immigrants to enter to the United States and work
B)  encourages high inflation
C)  incentivizes workers to retire early
D)  drafts teenagers for military service
E)  limits loans to small businessesF) All of the above
G) A) and C)

Question 16

The type of policy that governs taxing and spending powers is

Accepted Answer

A)  fiscal policy.
B)  budgeting policy.
C)  pecuniary policy.
D)  open-market operations.
E)  monetary policy.F) A) and B)
G) A) and C)

Question 17

A program financed from general revenues that provide uniform minimum monthly income to people who demonstrate financial need and are age 65 or older,blind,or disabled is

Accepted Answer

A)  Medicaid.
B)  Medicare.
C)  Social Security.
D)  Supplemental Security Income (SSI) .
E)  TANF.F) A) and D)
G) B) and E)

Question 18

The federal government has the power to break up a monopoly.

Accepted Answer

A) True 
 B)False

Question 19

The Medicare spending bill passed by President George W.Bush and a majority-Republican Congress in 2003

Accepted Answer

A)  diminished the long-term cost of Medicare.
B)  decreased the range of services offered under Medicare.
C)  dramatically decreased the premiums for Medicare coverage.
D)  added a prescription drug benefit to the package of health benefits for the elderly.
E)  increased the reimbursements to doctors treating Medicare patients.F) C) and E)
G) B) and E)

Question 20

The American income tax is a regressive tax.

Accepted Answer

A) True 
 B)False

Exam 13: Introduction to Public Policy

What was one of President Clinton's major achievements in the welfare field?

Correct AnswerverifiedShow Answer

Probably the greatest long-term threat to the viability of the Social Security system is the

Correct AnswerverifiedShow Answer

Discuss the advantages and disadvantages of regressive and progressive tax policies.Which one would you recommend and why?

Correct Answerverified.Regressive.Advantages: Tax receipts ma...View AnswerShow Answer

The provision for an interstate highway system is considered to be a

Correct AnswerverifiedShow Answer

In 1996,President Clinton signed the promised welfare reform bill into law.It was called the

Correct AnswerverifiedShow Answer

National tariff policies promote domestic markets by

Correct AnswerverifiedShow Answer

The type of policy that governs taxing and spending powers is

Correct AnswerverifiedShow Answer

Which of the following is something the federal government does to promote economic prosperity?

Correct AnswerverifiedShow Answer

Which of the following is an example of a means-tested program?

Correct AnswerverifiedShow Answer

Noncash goods and services provided to needy individuals and families by the federal government are called

Correct AnswerverifiedShow Answer

If there were no Social Security,half of all senior citizens would be living below the poverty line.

Correct AnswerverifiedShow Answer

A contract is meaningless unless it is

Correct AnswerverifiedShow Answer

Which term describes a company that provides all the goods and services for a particular market such that competition is nonexistent?

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The Medicare spending bill passed by President George W.Bush and a majority-Republican Congress in 2003

Correct AnswerverifiedShow Answer

The national government administers the TANF program.

Correct AnswerverifiedShow Answer

During the nineteenth century,the national government was a promoter of

Correct AnswerverifiedShow Answer

A program financed from general revenues that provide uniform minimum monthly income to people who demonstrate financial need and are age 65 or older,blind,or disabled is

Correct AnswerverifiedShow Answer

The American income tax is a regressive tax.

Correct AnswerverifiedShow Answer

Laws of exchange have deemed certain kinds of exchanges off-limits.

Correct AnswerverifiedShow Answer

The federal government has the power to break up a monopoly.

Correct AnswerverifiedShow Answer

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