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Public Policy > FINAL > Flashcards

FINAL Flashcards

1
Q

What are the core principles of Classical Liberalism

A

Scope of govt. must be limited

Govt. power must be dispersed

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2
Q

Which one of these is NOT a punchline on Govt. size?

A

U.S. govt. is the largest among all rich democracies

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3
Q

How many types of market failures are there?

A

6

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4
Q

Why is it important to standardize “Spending” and “Employment”?

A

To account for population

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5
Q

Which of the folloeing was NOT presented as an example of rent-seeking?

A

Road quality

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6
Q

To address the market failure of macroeconomic crises, Keynes (and Keynesians) argue:

A

Spend more and tax less

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7
Q

What is an externality?

A

Where social costs diverge from private costs

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8
Q

A public good is non-excludable and rivalrous

A

False

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9
Q

Which of these statements are true?

  1. “Some” competition is enough to affect prices
  2. Efficiency of the market requires “perfect competition” of buyers and sellers
  3. Oligopolies are smaller than monopolies
  4. The govt. is not allowed to behave monopolistic
A
  1. Efficiency of the market requires “perfect competition” of buyers and sellers
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10
Q

How can the government address imperfect information?

  1. Collect and publicize accurate warning based on data
  2. Prohibit dangerous products and work
  3. Mandate behavior
  4. All of the above
A

All of the above

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11
Q

Recession and Depression = Macroeconomic crises

A

True

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12
Q

How can government program shift behavior in harmful, unanticipated ways?

  1. Public payouts for police brutality
  2. Govt. insurance against risk shifts costs to public
  3. Govt. subsidies reduce incentive to seek private profit
A

All of the above

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13
Q

Rents are inefficient, raise costs, and reduce productivity

A

True

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14
Q

Which of these is NOT a premise of science

  1. Control
  2. Empiricism
  3. Research
  4. Objective
A
  1. Research
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15
Q

Government investments do not pay off in Jobs and Growth

A

True

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16
Q

According to Fligstein, markets are not too expensive to operate

A

False

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17
Q

Which of the following is an effect of Work- Family Policies?

  1. Mixed results on Labor Markets
  2. Cultural Change towards Gender Equality
  3. Improved Job Satisfaction
  4. All of the above
A

All of the above

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18
Q

What percentage of Employees in the U.S. have paid leave?

A

24%

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19
Q

(Hurley) In the early 1970’s Mayor John Lindsay (NYC) established hundreds of publicly funded child-care centers

A

True

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20
Q

(Hurley) What happened to those publicly funded child-care centers?

A

Much federal funding dried up by the late 1970’s causing many to close

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21
Q

(Haspel) A child-care system that relies on the employer- employee relationship is fundamentally flawed

A

True

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22
Q

(Haspel) During WWll, why did companies begin offering health insurance as a perk?

A

To get around wage caps

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23
Q

What is the relationship between “variables” ?

A

Independent (x): Cause
Dependent (y): Effect

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24
Q

According to Collins, both wealthy and poor women face child-care difficulties and inflexible workplaces in the U.S.

A

True

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25
Q

Why can experiments establish causality?

A

Randomization ensures treatment and control groups are otherwise identical

26
Q

According to lecture: what is the cycle of science?

A

Theory–>Hypothesis–>Data–> Patterns

27
Q

Many social programs are weak or have no effect

A

True

28
Q

According to the reading by Dynarski and lecture, some say the “Gold standard” in policy evaluation is

A

Randomized Control Trials (RTCs)

29
Q

Judge policies for Efficiency: Benefits > Costs?

A

Cost-Benefit analysis

30
Q

Generous social policies:

A

Do not discourage work and do not encourage single motherhood

31
Q

“Present” $ value today> “Discounted” $ value in the future

A

True

32
Q

Why do some countries have more generous social policies than other countries?

A

The power of leftist collective political actors

33
Q

According to Collins, Child care and Preschool are considered a universal entitlement in Sweden

A

True

34
Q

What do taxes do?
1.Encourage good behavior
2.Stimulate economic growth
3.Discourage bad behavior
4.Offset inequality
5.Enhance the legitimacy of the Govt.

A

All of the above

35
Q

The U.S. gets higher share from indirect, while other rich democracies get higher share from direct

A

False

36
Q

(Reid) Why do Americans complain more about taxes?

A

American taxes are more direct & The U.S. tax system is so complex and cumbersome

37
Q

Compared to other rich democracies, the U.S.:

A

Spends a low amount on social welfare programs

38
Q

What are the dimensions of taxes?
Capacity
Progressivity
Adequacy
Broad Basing
Simplicity, Convenience, and Predictability
All of the above

A

All of the above

39
Q

U.S. taxes are progressive, but the rich get a disproportionate share of income

A

True

40
Q

Which one of these is incorrect about ‘less’ progressive taxes

  1. Sales tax
  2. Payroll tax
  3. Property/wealth tax
  4. Most deduction and Exemptions
A

Property/wealth taxes

41
Q

High U.S. poverty and inequality are NOT caused by behavior

A

True

42
Q

As places adopt more generous policies, is there an increase in bad behavior/outcomes?

  1. Some evidence for small effects on early retirement
  2. Zero or weak effects on employment
  3. Zero effects on single motherhood or drug use
  4. All the above
A

All of the Above

43
Q

The U.S. has a “dying young” problem

A

True

44
Q

The U.S. healthcare system is closest to a:

A

Bismarck System

45
Q

Which of the following is true about the U.S. healthcare system compares to other rich democracies?

  1. It is very expensive
  2. It has mixed patient outcomes
  3. It has worse population health outcomes
  4. It has more uninsured
A

All of the Above

46
Q

Health insurance in other countries isn’t as difficult as it is in the U.S.

A

True

47
Q

Which of the following is true about the Bismarck Model of healthcare system?

A

Employer insurance mandated with basic insurance for unemployed and others

48
Q

According to Collins, Which of the following was promoted in Germany’s Sustainable Family Policy?

1.Investing in early childhood education services
2.Promoting mothers continuous employment
3.Endorsing a dual-family earner model
4.All of the Above

A

All of the above

49
Q

Which of the following is NOT true about the Beveridge Model of healthcare system?

A

All countries have state controlled facilities

50
Q

Racial gap inequalities are in

A

Income and Wealth

51
Q

Fractionalization:

A

Diverse places have weaker public good and policy

52
Q

Racism accumulates when?

A

Across stages of life and From historical racism

53
Q

How long will it take to lessen the racial inequality gaps?

A

Passed our timeline

54
Q

What is racism?

A

In(Action) + Instituionalization

55
Q

There has been significant progress between Black and White inequality gaps

A

False

56
Q

What are effects of work family policies

A
  1. Better job satisfaction
  2. Cultural change towards gender equality
  3. Socialize child well-being and development
57
Q

Can immigration have negative economic impacts in the long run?

A

No, immigration can positively impact economic growth and wealth creation & No, academic literature and policy does not support that argument

58
Q

Illegal immigration is somewhat correlated to violent crime rates and is causal according to Nowrasteh

A

False

59
Q

According to Nowrasteh, immigrants increase the budget deficit and government debt.

A

False

60
Q

What’s systemic racism?

A

Complex system that perpetuates racial inequalities at institutional levels

Public Policy (3 decks)

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