Question 1

Which of the following is true of ethanol?

Accepted Answer

A)   It is made from corn.
B)   It is subsidized by the government.
C)   It is criticized as inefficient to produce.
D)   It is related to rising food costs.
E)   All of these are correct.

Question 2

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 3

The Federal Reserve System was created to do which of the following?

Accepted Answer

A)   Designate certain governmental powers as reserved for the federal government
B)   Provide a secondary military force in times of war
C)   Pay off the national debt
D)   Stabilize nationwide economic activity by controlling the amount of money in circulation
E)   All of these are correct.

Question 4

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

Accepted Answer

The federal budget deficit occurs when t...

Question 5

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 6

If government cuts taxes to encourage people to spend more money in order to stimulate economic growth, what policy is it engaging in?

Accepted Answer

A)   Fiscal policy
B)   Business cycling
C)   Monetary policy
D)   Keynesian policy
E)   Subsidies

Question 7

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 8

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

Accepted Answer

The goals of the Federal Reserve Board, ...

Question 9

Which of the following is true of fiscal policy?

Accepted Answer

A)   It is popular with conservatives.
B)   It is an approach to stabilize the economy through control of the money supply.
C)   It is controlled by the Federal Reserve Bank.
D)   It is an approach to stabilizing the economy through government spending and taxing.
E)   It requires that, during economic slowdowns, the government tighten its belt on spending.

Question 10

Which population group has the highest incarceration rates?

Accepted Answer

A)   Non-Hispanic white men, ages 30-34
B)   Non-Hispanic African American men, ages 30-34
C)   Non-Hispanic Asian American men, ages 30-34
D)   Hispanic men, ages 25-29
E)   Non-Hispanic African American women, ages 30-35

Question 11

Which of these situations is the result of a recession?

Accepted Answer

A)   Long-term job prosperity
B)   Growth of household income
C)   Fewer jobs lost
D)   Increased unemployment
E)   Increase in money held in savings

Question 12

Explain the role of the Federal Reserve System in the United States.

Accepted Answer

The Federal Reserve System, often referr...

Question 13

Discuss the Clean Air Act and its role in affecting climate change.

Accepted Answer

The Clean Air Act is a federal law in th...

Question 14

Analyze the government's attempts to protect the environment since the 1960s. What policies have been successful?

Accepted Answer

Since the 1960s, the government has made...

Question 15

Discuss examples of U.S. policy that have sought to move the United States in the direction of energy independence in recent years.

Accepted Answer

In recent years, the United States has i...

Question 16

In order to combat the high costs of a college education, direct federal loans to college students were considered. This is an example of which of the following?

Accepted Answer

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

Question 17

Discuss the rising costs of health care and governmental efforts to address them.

Accepted Answer

The rising costs of health care have bee...

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

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

Accepted Answer

The policymaking process can be broken d...

Question 20

Controlling U.S. monetary policy is the responsibility of which of the following?

Accepted Answer

A)   Presidency
B)   Federal Deposit Insurance Corporation
C)   Federal Reserve Board
D)   International Monetary Fund
E)   Treasury Department

Exam 15: Domestic and Economic Policy

Which of the following is true of ethanol?

Correct AnswerverifiedShow Answer

Discuss the Clean Air Act and its role in affecting climate change.

Correct AnswerAnswered by ExamLex AIThe Clean Air Act is a federal law in th...View AnswerShow Answer

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

Correct AnswerAnswered by ExamLex AIThe goals of the Federal Reserve Board, ...View AnswerShow Answer

Which of these situations is the result of a recession?

Correct AnswerverifiedShow Answer

In order to combat the high costs of a college education, direct federal loans to college students were considered. This is an example of which of the following?

Correct AnswerverifiedShow Answer

Which population group has the highest incarceration rates?

Correct AnswerverifiedShow Answer

The Federal Reserve System was created to do which of the following?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

If government cuts taxes to encourage people to spend more money in order to stimulate economic growth, what policy is it engaging in?

Correct AnswerverifiedShow Answer

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

Correct AnswerAnswered by ExamLex AIThe policymaking process can be broken d...View AnswerShow Answer

Discuss examples of U.S. policy that have sought to move the United States in the direction of energy independence in recent years.

Correct AnswerAnswered by ExamLex AIIn recent years, the United States has i...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Discuss the rising costs of health care and governmental efforts to address them.

Correct AnswerAnswered by ExamLex AIThe rising costs of health care have bee...View AnswerShow Answer

Analyze the government's attempts to protect the environment since the 1960s. What policies have been successful?

Correct AnswerAnswered by ExamLex AISince the 1960s, the government has made...View AnswerShow Answer

Controlling U.S. monetary policy is the responsibility of which of the following?

Correct AnswerverifiedShow Answer

Explain the role of the Federal Reserve System in the United States.

Correct AnswerAnswered by ExamLex AIThe Federal Reserve System, often referr...View AnswerShow Answer

Which of the following is true of fiscal policy?

Correct AnswerverifiedShow Answer

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

Correct AnswerAnswered by ExamLex AIThe federal budget deficit occurs when t...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following best describes domestic policy?

Correct AnswerverifiedShow Answer

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The Clean Air Act is a federal law in th...
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The goals of the Federal Reserve Board, ...
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Correct Answer
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Answered by ExamLex AI
The policymaking process can be broken d...
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Answered by ExamLex AI
In recent years, the United States has i...
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Correct Answer
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Answered by ExamLex AI
The rising costs of health care have bee...
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Correct Answer
Answered by ExamLex AI
Since the 1960s, the government has made...
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Correct Answer
Answered by ExamLex AI
The Federal Reserve System, often referr...
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Answered by ExamLex AI
The federal budget deficit occurs when t...
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