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midterm review 1

Kiara Alberigo 20 Fragen

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Fragen in diesem Quiz (20)

  1. 1contributing to the success of loophole politics prior to passage of the 1986 tax bill was the
    1. Astrong support of policy entrepreneurs such as ralph nader
    2. Bexistence of tariff revenues to offset lost through deductions
    3. Cdecentralized structure of congress
    4. Dexistence of low marginal rates to offset revenues lost through deductions
    5. Estrong support of the conservative coalition and ralph nader
  2. 2monetarists recommend that government increase the money supply at a rate equal to the
    1. Agrowth in unemployment
    2. Bgrowth in credit
    3. Cdrop in wages
    4. Dgrowth in productivity
    5. Edrop in the rate of inflammation
  3. 3an economist regards the free market as too dependable to ensure economic efficiency and suggest government control over it. the economist is recommending what type of economic policy?
    1. AKeynesian
    2. Bsupply-side
    3. Ccredit-based
    4. Dmonetarist
    5. Eplanning
  4. 4the pocketbook issue tends to preoccupy politicians most
    1. Aearly in a presidential term
    2. Bwhen the economy is doing poorly
    3. Cjust before elections
    4. Dtoward the end of a session of congress
    5. Ewhen presidential popularity is at its peak
  5. 5supply-side economics advocate that government
    1. Ainterfere less in the economy
    2. Bcontrol both prices and wages
    3. Ccontrol wages more than prices
    4. Dcontrol prices more than wages
  6. 6the gramm-rudman act was passed by congress to
    1. Aeliminate deficit spending
    2. Bgive more authority to the OMB
    3. Celiminate the balance of trade deficit
    4. Dfine tune the existing budget procedures
    5. Eeliminate tax cuts
  7. 7congress is important in economic policy because it
    1. Areviews annual reports and removes appointees at will
    2. Bmust approve all taxes and most expenditures
    3. Ccontrols all appointees to the council of economic advisors(CEA)
    4. Ddetermines the supply of money in the economy at any given time
    5. Econtrols all appointees to the federal reserve board
  8. 8an economist who advocates wage price controls is basically endorsing what theory?
    1. AKeynesian
    2. Bplanning
    3. Csupply-side
    4. Dcredit based
    5. Emonetarist
  9. 9the economic theory that runs most counter to the planning theory is
    1. Acredit based theory
    2. Bwage-price-control economics
    3. Csupply side economics
    4. DKeynesian theory
    5. Emonetarist theory
  10. 10congress justified the legitimacy of Medicare, despite the fact that the us constitution did not authorize a national health-care system, with the argument that
    1. Athe us constitution could not have anticipated the need for such a system
    2. Bpayments into the system would always exceed benefits
    3. Cthe elderly had nowhere else to turn
    4. Dstate administration of the system removed it from constitutional jurisdiction
    5. Ethe tenth amendment specifically prohibited states from creating such programs

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