Economic Policy Question Preview (ID: 49427)


GOVT 11. TEACHERS: click here for quick copy question ID numbers.

Which of the following terms describes US economic policy during the 19th century?
a) laissez-faire
b) managed regulation
c) fiscalism
d) Keynesian-ism

Which of the following is true about Social Security?
a) It is a form of accident insurance
b) It is a retirement benefit program for citizens
c) It is only available to the very wealthy
d) It is entirely supported by property taxes

What is the source for the money in the Social Security Trust Fund?
a) payroll taxes
b) sales taxes
c) income taxes
d) property taxes

What is a government program called that provides benefits to all citizens who meet eligibility requirements?
a) an entitlement program
b) a basic program
c) a minimum program
d) a recessionary program

In the 19th century, industrialization worsened the effects of natural
a) business cycles
b) deregulation
c) economic cycles
d) economic regulation

The size of the national debt is
a) rising
b) stagnating
c) declining
d) unchanged

The annual shortfall between federal revenues and expenditures is known as which of the following?
a) the budget deficit
b) the expenditure difference
c) the trade deficit
d) the national debt

Which of tyhe following is the greatest source of revenue for the federal government?
a) income taxes
b) Medicaid taxes
c) Social Security taxes
d) taxes on cigarettes and alcohol

An entitlement program provides benefits to
a) citizens who meet eligibility
b) all citizens of the United States
c) citizens who have made payroll tax contributions
d) legal immigrants with a work visa

In an economic slowdown, Keynesian (demand-side) economic policy would advocate
a) increasing government spending
b) decreasing inflation
c) increasing the money supply
d) raising interest rates

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