If Congress wanted to increase the amount of money in circulation, which would work best?

Decrease taxes and increase government spending

Which of these is usually true in nations with a market economy?

businesses that are inefficient risk going out of business

Which of the following describes a traditional economic system?

A young man learns a trade from his father

If the Consumer Price Index is falling, what should the Federal Reserve do?

increase the reserve requirement for banks

Which of these would most likely result if Congress increased the minimum wage?

Some companies would raise the price of products.

Which of the following is NOT one of the three main questions that economic systems ask?

What type of individual should be the producer

Agriculture is a major part of the midwest economy.Which provides immediate improvements there?

Providing government relief to struggling farmers

Which of these demonstrates an action that would fight discrimination?

increasing opportunities for the disabled

Which of these would not require regional cooperation by local governments?

Raising the property tax in Baltimore City

Which of these would require regional cooperation?

Maintaining an interstate highway

What is the best way to resolve disputes over the use of a river that runs in NY, PA and MD?

create a regional organization to develop policies

Which of these is characteristic of a command economy?

A state planning commision determines what to produce

What would be the role of the EPA in the situation in the cartoon?

ensuing that companies follow pollution control laws

The Tri-County Council for Western MD helps local businesses export products over seas. Why?

To increase opportunities for businesses within that region

To which problem in MD does the political cartoon most apply

improving the water quality of the Chesapeake Bay

Social Security and Medicare werecreated to

provide economic stability for older persons

Which of these actions would Adam Smith (pioneer of the market economy) most likely support?

entering into free trade agreements

Why would the federal gov require electric companies to obtain permits to release pollutants

to limit pollution produced by utilities

Why did the gov create the Federal Deposit Insurance Corporation (FDIC) in the 1930s?

To increase public confidence in banks

States may offer medical coverage to children whose families can't afford it. Why?

to ensure children receive heath care

Which of these best describes a mixed economy?

businesses are regulated by the gov to protect the public

Which of these is represented by Gross Domestic Product?

The total value of goods/services produced within a nation

Environmentalists have most often opposed government policiesthat

favor economic development over preserving undeveloped land

Why do states require people who receive public assistance to work in exchange for payments.

They'll have an opportunity to learn new skills and get

Which of these is most often a feature of countries with traditional economies?

The governmen values occupational roles over economic growth

When citizens protest for health care even though it means less money, the opportunity cost is

demonstrations against the county

Which of these best describes a goal of affirmative action legislation

to promote educational opportunities for minorities

When the "EPA works with MD, VA, PA to limit runoff into Chesapeake Bay" they are demonstrating

federal intervention in state's rights issues

Which of these is characteristic of an economic downturn?

decreased production of goods and services

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Public Policy Gov HSA Review

50 termsStudBud Administration409 plays

US GOV REVIEW

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Questions 50

Answers

1
Which of these is most often associated with the government in a command economy
private ownership of property
inherited occupational roles
competition between businesses
national production goals
2
If Congress wanted to increase the amount of money in circulation, which would work best?
Decrease taxes and increase government spending
Increase taxes and decrease government spending
Decrease taxes and decrease government spending
Increase taxes and increase government spending
3
Which of these is usually true in nations with a market economy?
consumers have little choice in the types of goods to buy
workers are restricted by the gov from changing jobs
most farms are owned and operated by the government
businesses that are inefficient risk going out of business
4
What rates are being cut as shown in the cartoon?
personal income
corporate
interest
tariff
5
Which of the following describes a traditional economic system?
Businesses decide to move their businesses to a new area
A young man learns a trade from his father
A family receives Medicare benefits
The government sets a quota for TV production
6
Which of these is most likely the purpose of this program?
To decrease urban sprawl
To provide computer training
To improve public roads
To reduce traffic congestion
7
If the Consumer Price Index is falling, what should the Federal Reserve do?
decrease tariffs placed on imported products
increase government spending
decrease interest rates
increase the reserve requirement for banks
8
The %age of ppl over 85 will triple in the US in thenext 50 years, so the gov might
increasing theminimum wage
funding healthcare services
providing lowinterest loans to first time home buyers
granting collegescholarships to low income students
9
The United States has which type of economic system?
traditional
Command
Democratic socialism
Mixed market
10
Which of these is a function of the Federal Reserve?
to regulate the money supply
to establish export laws
to set the level of income tax
to pass spending legislation
11
Which econ question: gov tells factory managers to increase use of computers in manufacturing
what to produce
when to produce
for whom to produce
how to produce
12
Which of these would most likely result if Congress increased the minimum wage?
Some companies would raise the price of products.
Interest rates would be lowered to encourage spending.
Some cities would raise property taxes on homes.
States would receive less tax revenue.
13
Which IS NOT a principle of Smart growth?
create new houses on farmland
mass transit development
mixed-use buildings
preserve open space
14
Which of these best reflects how the federal gov. manages the economy through fiscal policy
Buying and selling securities
Controlling the money supply
Taxes and spending
Controlling interest rates
15
Which of the following is NOT one of the three main questions that economic systems ask?
how should they produce
what and how much to produce
for whom to produce
What type of individual should be the producer
16
A 10-year-old in a low income family would most likely enroll in __ to pay health care bills.
Medicaid
Supplemental security income
Social Security
Medicare
17
Where do tax or revenue bills start
The House of Representatives
the Internal Revenue Service
The Senate
The President
18
Agriculture is a major part of the midwest economy.Which provides immediate improvements there?
Offering vocational training to farmers
Providing government relief to struggling farmers
Funding research on farming techniques
Giving loans to establish new farms
19
Which of these demonstrates an action that would fight discrimination?
increasing opportunities for the disabled
supporting immigration restrictions
eliminating the national income tax
discouraging women's voting rights
20
Which of these would not require regional cooperation by local governments?
Building a transportation system from Baltimore to Annapolis
Raising the property tax in Baltimore City
Solving traffic congestion problems in metro Washington
Maintaining the water quality in the Chesapeake Bay
21
Which of these would require regional cooperation?
Maintaining an interstate highway
Expanding city recreational facilitites
Providing neighborhood trash removal
Determining voter qualifications
22
What is the best way to resolve disputes over the use of a river that runs in NY, PA and MD?
create a regional organization to develop policies
encourage each state to develop and enforce its own policies
hire a company to manage actions related to the river
turn over control of the river to one state
23
Which of these is characteristic of a command economy?
A state planning commision determines what to produce
Consumers set prices though demand
Buyers and sellers control the means of production
Business owners decide how much ot produce
24
When MD, VA, PA, and DC respond to problems caused by droughts, they are shaping policies about
national interests
community interests
regional interests
international interests
25
What would be the role of the EPA in the situation in the cartoon?
deciding how much energy the US should produce
preventing companies from developing their own clean air act
setting prices for the sale of electricity in the US
ensuing that companies follow pollution control laws
26
The Tri-County Council for Western MD helps local businesses export products over seas. Why?
To increase opportunities for businesses within that region
To assist businesses in relocating
To encourage competition form foreign companies
To regulate trade between businesses and foreign countries
27
To which problem in MD does the political cartoon most apply
informing Baltimore residents of crime rate
improving the water quality of the Chesapeake Bay
limiting growth population around Washington
determining traffic patterns in baltimore
28
Social Security and Medicare werecreated to
encourage people to make their own medicaldecisions
provide economic stability for older persons
increase the number of people requiring privateinsurance
ensure businesses provide retirementbenefits for employees
29
Which of these actions would Adam Smith (pioneer of the market economy) most likely support?
raising taxes on imported goods
entering into free trade agreements
increasing wages to paid workers
passing strict regulations on businesses
30
Why would the federal gov require electric companies to obtain permits to release pollutants
to increase investments in utilities
to limit pollution produced by utilities
to give tax breaks for utilities
to set rates charged by utilities
31
Why did the gov create the Federal Deposit Insurance Corporation (FDIC) in the 1930s?
To encourage commercial trade between member banks
to prohibit states from regulating banks
To increase public confidence in banks
to sop funding to participating banks
32
States may offer medical coverage to children whose families can't afford it. Why?
to ensure children receive heath care
to increase wages for hospitals
to increase competition in the health care industry
to conduct a census of kids in each state
33
Which of these best describes a mixed economy?
businesses are regulated by the gov to protect the public
natural resources are owned and controlled by the government
the gov's only role in the economy is to ensure competition
the government decides who will produce goods and services
34
Which of these is represented by Gross Domestic Product?
The change in the average price of goods and services
The amount of reserve that banks are required to hold
The rate of interest charged on reserves lent to banks
The total value of goods/services produced within a nation
35
Environmentalists have most often opposed government policiesthat
set aside lands for preservation in national forests
protect natural resources through recycling programs
regulate economic development to stop deforestation
favor economic development over preserving undeveloped land
36
Why do states require people who receive public assistance to work in exchange for payments.
they'l have an opportunity to apply for other state benefits
The number of people receiving state benefits will increase
The amount of tax revenue and spending will increase
They'll have an opportunity to learn new skills and get
37
Which of these is an example of fiscal policy?
conducting open-market operations
adjusting the discount rate
creating budgets
changing the reserve requirement
38
Which of these public agencies usually decides local land-use issues
transportation department
treasurer’s office
zoning board
police department
39
Which of these is the purpose of Social Security?
regulate the health care industry
give relocation assistance to immigrants
provide income for retirees
encourage taxpayer contributions to charities
40
Which of these is most often a feature of countries with traditional economies?
The government ensures that wealth is evenly distributed
The governmen values occupational roles over economic growth
The economy is dependent on technological advances
The economy is controlled by a strong central authority
41
When employers say they are "equal opportunity" what are they trying to accomplish?
provide on the job training for unskilled workers
assist people who have been out of work
treat applicants fairly
help people who are trying to get their first jobs
42
When citizens protest for health care even though it means less money, the opportunity cost is
demonstrations against the county
citizens are angry with county employees
funding for health care
future increase in wages
43
Which of these best describes a goal of affirmative action legislation
to establish job training for the economically disadvantaged
to promote educational opportunities for minorities
to promote educational opportunities for minorities
to encourage young people to go into politics
44
Which type of economy is depicted when the government and unions work to set a minimum wage?
Traditional
Mixed
Command
Market
45
Which of the following is most responsible for fiscal policy?
Supreme Court
US Treasury
Federal Reserve
Congress
46
Based on the chart, which best characterizes the condition of the US economy from 1975 to 1978
increased economic growth
steady interest rates
a constant inflation rate
Rapidly rising unemployment rate
47
Why does the gov use the Consumer Price Index, a report on price changes for over 90,000 items?
to measure the national average income
to help measure inflations
to determine the unemployment rate
to analyze worker productivity
48
When the "EPA works with MD, VA, PA to limit runoff into Chesapeake Bay" they are demonstrating
federal intervention in state's rights issues
state government cooperation in regional issues
the improved condition of polluted waterways
the government's role in a free market economy
49
Which of these is characteristic of an economic downturn?
decreased government regulaton
increased consumer spending
decreased production of goods and services
increased employment levels
50
How would Congress most likely respond if the GDP was low and unemployment rate was high?
buy government securities
lower taxes
lower government spending
change the reserve requirement

Public Policy Gov HSA Review Flashcards | StudBud