Final!!

Question 1

The economic theory that advocates the use of fiscal policy to create and maintain a healthy economy is called_____

Answer 1

Keynesian economics

Question 2

Which of the following is NOT included in the mandatory spending category of the national government?

A. Debt payments
B. Defense
C. Medicare
D. Social Security

Answer 2

B. Defense

Question 3

The officials that approve fiscal policy are___

Answer 3

Congress and the president

Question 4

The officials that approve monetary policy are ____

Answer 4

The Fed (on its own)

Question 5

The policy that decreases the costs of bringing products to markets throughout the world by lowering or eliminating tariffs and deregulating is_____

Answer 5

Free trade policy

Question 6

The policy in which the national government engages to protect consumers, workers, and the environment from the harm of marketplace competition is

Answer 6

Social regulation

Question 7

The collection of national tax policies and spending policies is referred to as____

Answer 7

Fiscal policy

Question 8

The largest revenue source for the national government is ____

Answer 8

Individual income taxes

Question 9

During what presidents administrations did the national government first adopt Keynesian economic principles to create and maintain a healthy national economy?

Answer 9

Franklin D Roosevelt

Question 10

During what presidential administration did battles among the president, the House, and the senate lead to sequestration, a partial 16-day government shutdown, and the brink of a debt default?

Answer 10

Barack Obama

Question 11

When it spends more money than it collects in taxes, the government is engaging in ______

Answer 11

Deficit spending

Question 12

_______ refers to the rising prices of consumer goods, which means the value of the dollar has decreased.

Answer 12

Inflation

Question 13

The date on which the national 2015 fiscal year (FY 2015) began is _____

Answer 13

October 1, 2014

Question 14

The _______ is an international, nongovernmental organization that advocates for free trade policy, monitors adherence to international trade rules, and resolves charges of trade rule violation raised by its member countries.

Answer 14

Works Trade Organization

Question 15

_____ is automatic spending cuts that occur when other legislated spending or revenue requirements are not accomplished by a legislated deadline

Answer 15

Sequestration

Question 16

The largest national cash transfer program, which is also the most expensive domestic superfunction is______

Answer 16

Old-Age and Survivors insurance (OASI)

Question 17

Whose brainchild was Earth Day, which is considered the birth of the US environmental movement?

Answer 17

Gaylord Nelson

Question 18

Pull grants and financial support to farmers for growing or limiting the growth of crops are two examples of the policy tool of _____

Answer 18

Direct subsidy

Question 19

All of the following safety net programs were created during president Franklin D Roosevelts administrations except:

Answer 19

Medicaid

Question 20

Whose refusal to sell oil to the United States in 1973 was a catalyst for the development of US energy policy?

Answer 20

OPEC

Question 21

Which income security program is the newest, established in 1975?

Answer 21

EITC

Question 22

The disaster that prompted the national govt to est the Department of Homeland Security is______

Answer 22

Terrorist attacks on 9/11

Question 23

The largest category of immigrants to the US consists of:

Answer 23

Authorized immigrants seeking family reunification

Question 24

What is the newest health care policy, enacted into law in 2010?

Answer 24

ACA

Question 25

The income security program that is indexed, and therefore is subject to a regular cost of living adjustment is:

Answer 25

OASI

Question 26

______ is the national program that provides health insurance to the elderly

Answer 26

Medicare

Question 27

_____ is the national program that provides health insurance to low-income citizens

Answer 27

Medicaid

Question 28

An_____ program guarantees an benefit to all who meet the program's eligibility criteria, regardless of the total cost to the govt

Answer 28

Entitlement

Question 29

An indexed benefit is one that increases automatically to keep up with inflation. The increase is a COLA which stands for

Answer 29

Cost of living adjustment

Question 30

A ______ benefit has a govt specified jn come level (typically based on the poverty guidelines) as one of its eligibility criteria

Answer 30

Means tested

Question 31

The conduct of international relations, particularly involving the negotiation of treaties and other agreements between countries is called:

Answer 31

Diplomacy

Question 32

The policy emphasizing the responsibility of US allies to proceed for their own national defense and security, aimed at improving relations with the communist nations including the Soviet union and China is called

Answer 32

The Nixon doctrine

Question 33

The replacement of a country's govt with another govt by facilitating the deposing if it's leader or leading political party is called

Answer 33

Regime change

Question 34

The official operation of the US govt in each country that has diplomatic ties to the US is called the

Answer 34

Country desk

Question 35

Since 2005, the person responsible for coordinating and overseeing all the intelligence agencies within the executive branch has been

Answer 35

The director of national intelligence

Question 36

The law that limits presidential use of military forces to 60 days, with an automatic extension of 30 additional days if the president requests such an extension is

Answer 36

The war powers act

Question 37

An individual outside government who promotes his or her country's interests and thus helps to shape international perceptions of that nation is called a

Answer 37

Public diplomat

Question 38

The influence of domestic interests on foreign-policy is called

Answer 38

Intermestics

Question 39

A foreign-policy characterized by a nation's unwillingness to participate in international affairs is called

Answer 39

Isolationism

Question 40

A foreign-policy characterized by a nation's willingness to participate and intervene in international situations, including another countrys affairs is called

Answer 40

Interventionism

Question 41

_______ are the diplomatic and consular staff at US embassies abroad

Answer 41

Foreign service officers

Question 42

______ is the international trade principal holding that the least restrictive trade conditions offered to any one national trading partner will be offered to every other nation in a trading network

Answer 42

Relations status

Question 43

The interconnectedness between nations in contemporary times is called

Answer 43

Globalism

Question 44

Nuclear, chemical, and biological weapons are known as

Answer 44

Weapons of mass destruction

Question 45

_______ is an organization created in 1995 to negotiate, implement, and enforce international trade agreements

Answer 45

World trade organization