ch. 11 exam Flashcards
Which Clause of Article I Section 8 of the Constitution granted Congress the power to borrow?
Clause 2
Which Clause of Article I Section 8 of the Constitution granted Congress the power to tax?
Clause 1
Which Clause of Article I Section 8 of the Constitution granted Congress the power to coin money?
Clause 5
Which Clause of Article I Section 8 of the Constitution granted Congress the power to establish copyrights and patents?
Clause 8
Which Clause of Article I Section 8 of the Constitution granted Congress Commerce Power?
Clause 3
Which Clause of Article I Section 8 of the Constitution granted Congress the ability to manage bankruptcy and naturalization?
Clause 4
Which Clause of Article I Section 8 of the Constitution granted Congress the power to punish counterfeiting?
Clause 6
Which Clause of Article I Section 8 of the Constitution granted Congress the power to establish a postal service?
Clause 7
The Constitution grants all of the following powers to Congress EXCEPT:
Monarchical powers
Strict constructionists favored Congress exercising:
Expressed and Implied Powers
The limits on Congress’s power to tax are..
- congress may only tax for public purposes
- congress may not tax exports
- direct taxes must be apportioned among states
- indirect taxes must be levied at a uniform rate
The commerce power gives Congress the right to:
regulate interstate and foreign trade
The process by which a citizen of one country becomes a citizen of another is known as
naturalization
All of the following are part of Congress’s war powers EXCEPT:
the power of eminent domain
The basis for the implied powers of Congress is found in what clause of the Constitution?
the Necessary and Proper clause
The Supreme Court upheld the idea of implied powers in its ruling in:
McCulloch v. Maryland
All of the following are non legislative powers of Congress EXCEPT:
nominating cabinet positions and supreme court justices
Which of the following is not a jurisdiction granted by the Commerce Clause to the U.S. Congress?
regulate commerce with foreign nations
What are the major components of GDP as per the Output Expenditure Model?
personal consumption, investment, government spending, and net exports
Who determines modern fiscal policy for the United States?
Executive and Legislative branches
Who determines modern monetary policy for the United States?
Federal government
Lowering taxes, granting subsidies, and decreasing or removing regulations are facets of which type of fiscal policy?
Expansive
Increasing taxes, lowering or removing subsidies, and high regulations are facets ofwhich type of fiscal policy?
Contractive
What are the main tools of fiscal policy?
tax, subsidize, regulate, and direct spending
What is another name commonly used for supply-side economics?
Reaganomics
What is another name commonly used for demand-side economics?
Kindsianomics
Who is the current Secretary of Treasury for the United States Government?
Janet Yellen
