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| The current debate over raising the retirement age affects which of the following programs? |
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Definition
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| ________ is a similar action to deficit spending |
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Definition
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| unemployment insurance payments |
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Definition
| vary dramatically by state |
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Term
| the costs of social security |
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Definition
| are expected to exceed revenues around 2015 or shortly thereafter |
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| When president George Bush signed the economic stimulus act of 2008, he was passing the doctrine of |
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Definition
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| one justification given for economic payments to americans in 2008 was that the government has a responsibility to prevent economic downturns. This is an example of the philosophy of: |
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Definition
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| before ______ a person in a small town would have has a better chance of living close to a commercial airport |
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Definition
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Term
| which of the following are arguments against economic stimulus payments? |
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Definition
deficit spending has serious future ramifications
government cannot control how stimulus payments are used. |
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Term
| which of the following would be most likely to occur in a mixed free-enterprise system? |
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Definition
| a bidding war between two cable companies to offer the lower price |
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Term
| the first major effort by the national government to protect consumers involved |
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Definition
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Term
| congress passed the troubled asset relief program to speed recovery from the poor economic conditions in the US resulting from |
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Definition
| the sub-prime mortgage crisis of the 2000's |
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Term
| the unemployment rate in 2010 was |
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Definition
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Term
| all of the following are examples of entitlement programs EXCEPT: |
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Definition
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Term
| the first major effort to regulate business occurred following: |
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Definition
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Term
| During the new deal, congress established or enacted all of the following EXCEPT: the |
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Definition
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Term
| which of the following was NOT a factor that contributed to the surge of social regulation in the late 1990's and early 1970's? |
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Definition
| Business became much greedier, thus promoting backlash |
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Term
| The program instituted by President FDR to overcome the Great Depression was the |
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Definition
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Term
| All of the following reforms encouraged by federal reserve board chairman Ben Bernanke EXCEPT |
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Definition
| the creation of one nation bank to limit bank failures |
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Term
| which of the following are components of the Social security act of 1935? |
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Definition
Old-Age insurance
unemployment insurance |
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Term
| during our nations first century, most private economic regulation was done by the |
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Definition
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Term
| in 1890, congress passed the ______, a law designed to prohibit monopolies |
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Definition
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Term
| what do the Great Society, the New Deal and Personal Responsibility and Work opportunity reconciliation act of 1996 have in common? |
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Definition
| they all indicate major shifts in social policy |
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Term
| which of the following is/are true about supplemental social security income? |
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Definition
coverage includes needy people who are permanently disabled
beneficiaries can only have limited income |
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Term
| the rights of labor to organize and bargain collectively come from the |
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Definition
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Term
| which of the following policy areas appeared to be given the most priority in allocating funds for the recovery act? |
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Definition
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Term
| how many americans benefit from social security (OASDI) |
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Definition
| between 50 and 55 million |
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Term
| workers earned their highest min wage during the ________ administration |
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Definition
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Term
| Which of the following states has an unemployment rate greater than 10 percent in 2010? |
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Definition
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Term
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Definition
| failed to pass congress the first time, but succeeded the second |
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Term
| which of the following organizations would be most supportive of an expansion of free trade? |
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Definition
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Term
| in 1887, congress adopted the interstate commerce act, which was designed to |
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Definition
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Term
| the initial purpose of the food stamp program was to |
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Definition
| expand domestic markets for farm commodities |
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Term
| which of the following are likely reasons for the government to be running a deficit? |
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Definition
military invasions
economic recession
tax cuts |
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Term
| all of the following are features of TANF EXCEPT |
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Definition
| single pregnant women must work through the ninth month of pregnancy |
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Term
| the fair labor standard act of 1938 established |
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Definition
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Term
| congress passed the federal reserve act in 1913 to |
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Definition
| regulate the national banking system and provide flexibility to the money supply |
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Term
| which of the following is NOT a method used by the republican party to fix the economic downturn in the early 2008 |
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Definition
| implementing a keynesian deficit spending approach |
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Term
| if the president wanted to decrease the defense spending and increase monetary aid to victims of natural disaster, which of the following groups would be MOST likely to balance the new distribution of spending? |
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Definition
| the office of management and budget |
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Term
| conservative scholars credit the ______ for creating the economic growth that stalled a rise in unemployment in 2010 |
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Definition
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Term
| many people believe that it is necessary to set up ________ to protect the US from overseas competition |
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Definition
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Term
| all of the following indicate that 2008 marked the beginning of a period of economic instability in the US economy EXCEPT |
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Definition
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Term
| the doctrine of ______ opposes government involvement in the economy |
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Definition
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Term
| which of the following can be purchased using food stamps in Alaska? |
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Definition
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Term
| _______ is one of the two policy areas in which the government spends most of its money |
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Definition
| purchasing military weapons |
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Term
| which of the following is MOST relevant to growing concern over the prevalence of conglomerates? |
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Definition
| The Sherman Anti-Trust act |
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Term
| _____ established the legitimacy and viability of national governmental intervention in the economy |
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Definition
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Term
| The ______ act of 2009 was designed to create jobs and cut taxes through deficit spending |
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Definition
| american recovery and reinvestment |
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Term
| chinas emergence as a major economic power has created all of the following EXCEPT |
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Definition
| an increasingly capitalist society |
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Term
| The Earned income tax credit and supplimentary income have what in common |
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Definition
| benefits are only distributed to those who earn less than pre-determined income amount |
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Term
| all of the following scenarios would be affected by income security EXCEPT |
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Definition
| a college students decision to take summer classes and not take a job |
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