ch. 11 exam

Question 1

Which Clause of Article I Section 8 of the Constitution granted Congress the power to borrow?

Answer 1

Clause 2

Question 2

Which Clause of Article I Section 8 of the Constitution granted Congress the power to tax?

Answer 2

Clause 1

Question 3

Which Clause of Article I Section 8 of the Constitution granted Congress the power to coin money?

Answer 3

Clause 5

Question 4

Which Clause of Article I Section 8 of the Constitution granted Congress the power to establish copyrights and patents?

Answer 4

Clause 8

Question 5

Which Clause of Article I Section 8 of the Constitution granted Congress Commerce Power?

Answer 5

Clause 3

Question 6

Which Clause of Article I Section 8 of the Constitution granted Congress the ability to manage bankruptcy and naturalization?

Answer 6

Clause 4

Question 7

Which Clause of Article I Section 8 of the Constitution granted Congress the power to punish counterfeiting?

Answer 7

Clause 6

Question 8

Which Clause of Article I Section 8 of the Constitution granted Congress the power to establish a postal service?

Answer 8

Clause 7

Question 9

The Constitution grants all of the following powers to Congress EXCEPT:

Answer 9

Monarchical powers

Question 10

Strict constructionists favored Congress exercising:

Answer 10

Expressed and Implied Powers

Question 11

The limits on Congress’s power to tax are..

Answer 11

1. congress may only tax for public purposes
2. congress may not tax exports
3. direct taxes must be apportioned among states
4. indirect taxes must be levied at a uniform rate

Question 12

The commerce power gives Congress the right to:

Answer 12

regulate interstate and foreign trade

Question 13

The process by which a citizen of one country becomes a citizen of another is known as

Answer 13

naturalization

Question 14

All of the following are part of Congress’s war powers EXCEPT:

Answer 14

the power of eminent domain

Question 15

The basis for the implied powers of Congress is found in what clause of the Constitution?

Answer 15

the Necessary and Proper clause

Question 16

The Supreme Court upheld the idea of implied powers in its ruling in:

Answer 16

McCulloch v. Maryland

Question 17

All of the following are non legislative powers of Congress EXCEPT:

Answer 17

nominating cabinet positions and supreme court justices

Question 18

Which of the following is not a jurisdiction granted by the Commerce Clause to the U.S. Congress?

Answer 18

regulate commerce with foreign nations

Question 19

What are the major components of GDP as per the Output Expenditure Model?

Answer 19

personal consumption, investment, government spending, and net exports

Question 20

Who determines modern fiscal policy for the United States?

Answer 20

Executive and Legislative branches

Question 21

Who determines modern monetary policy for the United States?

Answer 21

Federal government

Question 22

Lowering taxes, granting subsidies, and decreasing or removing regulations are facets of which type of fiscal policy?

Answer 22

Expansive

Question 23

Increasing taxes, lowering or removing subsidies, and high regulations are facets ofwhich type of fiscal policy?

Answer 23

Contractive

Question 24

What are the main tools of fiscal policy?

Answer 24

tax, subsidize, regulate, and direct spending

Question 25

What is another name commonly used for supply-side economics?

Answer 25

Reaganomics

Question 26

What is another name commonly used for demand-side economics?

Answer 26

Kindsianomics

Question 27

Who is the current Secretary of Treasury for the United States Government?

Answer 27

Janet Yellen