http://www.scribd.com/doc/14769948/GOV-141-Gov-Actions-to-Influence-the-Economy
(XL)
http://www.scribd.com/doc/14769930/GOV-141-The-Economy
(PP)
Wednesday, April 29, 2009
Economics Exam
Test 4
The following questions concern economics. They are multiple choice questions; please select the most appropriate answer.
America’s economic system can best be described as one of:
Socialism
Communism
Keynesianism
Capitalism
Hallmarks of America’s economy include which of the following combinations?
Free markets, property rights, little governmental oversight
Restricted trade, strong governmental regulation of all facets of the economy, and little respect for property rights.
A centralized economy with top down management.
An economy that lives by the principle: from each according to his ability, to each according to his needs.
A deficit occurs when:
The government spends more than it receives in tax revenues.
There is equilibrium between taxes and spending.
Entitlements are spending items when the government:
Guarantees a benefit to all citizens upon their qualification within a certain class of citizens. Such as social security.
Guarantees a project to a city as part of its latest budget. For example, a water system for West Liberty.
What particular type of budget expenditures constitutes the largest amount of spending by the federal government?
Infrastructure such as roads and interstates.
Military spending such as for the war.
Spending on foreign aid.
Entitlement spending.
Which of the following terms best describes the modern America form of government?
Welfare State.
Opportunity State.
Communistic state.
Pure Free Market State.
Fiscal policy is set, at least primarily, by whom:
Congress and the President
The President alone.
The Supreme Court
The Federal Reserve
Monetary policy is set, at least primarily, by whom:
Congress and the President
The President alone.
The Supreme Court
The Federal Reserve
Supply side economics holds that:
Tax cuts, even if they lead to a deficit, are of principle importance because they allow the citizens to spend and grow the economy.
Deficits are of principle importance. Cutting them should be the most important focus of government.
In times of recessions or depressions, it’s a good idea for the federal government to borrow and spend more money than it takes in from taxes. This spending by the government will result in a stronger economy eventually.
All the above.
Keynesian economics holds that:
Tax cuts, even if they lead to a deficit, are of principle importance because they allow the citizens to spend and grow the economy.
Deficits are of principle importance. Cutting them should be the most important focus of government.
In times of recessions or depressions, it’s a good idea for the federal government to borrow and spend more money than it takes in from taxes. This spending by the government will result in a stronger economy eventually.
The federal government regulates the economy to do which of the following:
Ensure safety of consumers
Promote moral outcomes
Protect parties likely to be disadvantaged
All the above.
Generally speaking, America regulates the economy ______ than most developed countries.
in fewer ways
in more ways
The federal government is concerned about the pace of the economy and the risk of inflation. What policy is most likely to be pursued?
Congress would cut taxes
The Federal Reserve would raise taxes
The Federal Reserve would raise interest rates
The Congress would cut interest rates
The federal government is concerned that the economy is slowing and heading towards a recession. Which set of policies are the most likely ones Congress would consider? Keep in mind that the two parties will likely approach the issue differently.
Tax cuts or spending increases
Tax increases and spending increases
Tax neutral policies and spending cuts
None of the above.
Interest rate increases would most likely?
Shrink the economy by reducing the supply of money.
Increase the economy by increasing the supply of money.
Interest rate cuts would most likely?
Shrink the economy by reducing the supply of money.
Increase the economy by increasing the supply of money.
Free trade….
Is always a bad thing because it hurts American workers
Is always a good thing because it allows American consumers to buy products at cheaper prices.
Both A and B have some truth to them.
None of the above.
Globalization refers to what?
The increasing need for governments across the globe to work better with one another.
The failure of states to cooperate with one another across the globe.
The ability of goods, services, weapons and peoples to travel across countries’ boundaries with ease.
A policy where deficit and national debt reduction is stressed would potentially help the economy in what way?
It will free up more money for private spending and economic growth.
By reducing the national debt, interest rates will go down.
Both A and B
None of the above
Interest rate cuts will most likely make the economy:
Grow
Shrink
The following questions concern economics. They are multiple choice questions; please select the most appropriate answer.
America’s economic system can best be described as one of:
Socialism
Communism
Keynesianism
Capitalism
Hallmarks of America’s economy include which of the following combinations?
Free markets, property rights, little governmental oversight
Restricted trade, strong governmental regulation of all facets of the economy, and little respect for property rights.
A centralized economy with top down management.
An economy that lives by the principle: from each according to his ability, to each according to his needs.
A deficit occurs when:
The government spends more than it receives in tax revenues.
There is equilibrium between taxes and spending.
Entitlements are spending items when the government:
Guarantees a benefit to all citizens upon their qualification within a certain class of citizens. Such as social security.
Guarantees a project to a city as part of its latest budget. For example, a water system for West Liberty.
What particular type of budget expenditures constitutes the largest amount of spending by the federal government?
Infrastructure such as roads and interstates.
Military spending such as for the war.
Spending on foreign aid.
Entitlement spending.
Which of the following terms best describes the modern America form of government?
Welfare State.
Opportunity State.
Communistic state.
Pure Free Market State.
Fiscal policy is set, at least primarily, by whom:
Congress and the President
The President alone.
The Supreme Court
The Federal Reserve
Monetary policy is set, at least primarily, by whom:
Congress and the President
The President alone.
The Supreme Court
The Federal Reserve
Supply side economics holds that:
Tax cuts, even if they lead to a deficit, are of principle importance because they allow the citizens to spend and grow the economy.
Deficits are of principle importance. Cutting them should be the most important focus of government.
In times of recessions or depressions, it’s a good idea for the federal government to borrow and spend more money than it takes in from taxes. This spending by the government will result in a stronger economy eventually.
All the above.
Keynesian economics holds that:
Tax cuts, even if they lead to a deficit, are of principle importance because they allow the citizens to spend and grow the economy.
Deficits are of principle importance. Cutting them should be the most important focus of government.
In times of recessions or depressions, it’s a good idea for the federal government to borrow and spend more money than it takes in from taxes. This spending by the government will result in a stronger economy eventually.
The federal government regulates the economy to do which of the following:
Ensure safety of consumers
Promote moral outcomes
Protect parties likely to be disadvantaged
All the above.
Generally speaking, America regulates the economy ______ than most developed countries.
in fewer ways
in more ways
The federal government is concerned about the pace of the economy and the risk of inflation. What policy is most likely to be pursued?
Congress would cut taxes
The Federal Reserve would raise taxes
The Federal Reserve would raise interest rates
The Congress would cut interest rates
The federal government is concerned that the economy is slowing and heading towards a recession. Which set of policies are the most likely ones Congress would consider? Keep in mind that the two parties will likely approach the issue differently.
Tax cuts or spending increases
Tax increases and spending increases
Tax neutral policies and spending cuts
None of the above.
Interest rate increases would most likely?
Shrink the economy by reducing the supply of money.
Increase the economy by increasing the supply of money.
Interest rate cuts would most likely?
Shrink the economy by reducing the supply of money.
Increase the economy by increasing the supply of money.
Free trade….
Is always a bad thing because it hurts American workers
Is always a good thing because it allows American consumers to buy products at cheaper prices.
Both A and B have some truth to them.
None of the above.
Globalization refers to what?
The increasing need for governments across the globe to work better with one another.
The failure of states to cooperate with one another across the globe.
The ability of goods, services, weapons and peoples to travel across countries’ boundaries with ease.
A policy where deficit and national debt reduction is stressed would potentially help the economy in what way?
It will free up more money for private spending and economic growth.
By reducing the national debt, interest rates will go down.
Both A and B
None of the above
Interest rate cuts will most likely make the economy:
Grow
Shrink
Wednesday, April 15, 2009
Charlie Wilson's War
Charlie Wilson's War is a recent movie starring Tom Hanks that does a nice job illustrating things like the complexity of foreign policy, the power of the bureaucracy (specfically the CIA), Congressional influence over foreign policy (particularly through the power of the appropriations process and Congressional oversight) and the role private interest groups- even individuals- can play in shaping American foreign policy. A couple of other angels to watch for: the role of covert ops as a type of hard power, the desire by foreign governments to get their hands on U.S. military hardware, the ever present need to play politics...
Here's a review:
http://www.youtube.com/watch?v=h-3IZnB9HiY
(Part 1)
http://www.youtube.com/watch?v=dmA0b2j2c2Q&feature=related
(Part 2)
Here's a review:
http://www.youtube.com/watch?v=h-3IZnB9HiY
(Part 1)
http://www.youtube.com/watch?v=dmA0b2j2c2Q&feature=related
(Part 2)
Wednesday, April 8, 2009
Test 3
Test 3
This test is worth 10% of your final grade. We discussed this material during our lectures and most it can be found in your notes. You may need to research some of these on the web. Remember, google is your friend. Your test is due next Wed. (April 15th). Feel free to email me should you have any questions.
Test Questions:
America’s form of government is bicameral Government. Describe in detail what that means and how it works.
How often are Senators and Reps elected? How does this impact on our political system?
There are significant differences between the two chambers of Congress, the House and the Senate. Describe some of these and how they affect our political process.
What is Redistricting and how does it affect our political system?
What is the political significance of Marbury v. Madison and Judicial Review?
This is a difficult question, but I want you to try to describe the following concept: Before a case can be heard in U.S. Courts there must be a “case and controversy” and the plaintiff, that is the party that’s filing suit, must have “standing.” Describe these concepts to the best of your ability.
What are legal precedents and what is their importance?
What is the power of the bully pulpit? Which branch generally is said to hold this power?
What are “non-justiciable” cases?
Essay: Miss Doe has arrived in Congress as a member of the House of Representatives. She’s hired you, her former campaign manager, to help her get her first bill through Congress. This bill would read as follows: THE PRESIDENT OF THE UNITED STATES WILL IMMEDIATELY DEPLOY ALL TROOPS STATIONED IN IRAQ BACK TO THE UNITED STATES. She asks you to prepare her a memo telling her about the different branches of government, Executive, Legislative and Supreme Court, as well as the bureaucracy, and how these could affect her bill. Tell me, in your words, what are some of the things she should be aware of with respect to each of the four.
This test is worth 10% of your final grade. We discussed this material during our lectures and most it can be found in your notes. You may need to research some of these on the web. Remember, google is your friend. Your test is due next Wed. (April 15th). Feel free to email me should you have any questions.
Test Questions:
America’s form of government is bicameral Government. Describe in detail what that means and how it works.
How often are Senators and Reps elected? How does this impact on our political system?
There are significant differences between the two chambers of Congress, the House and the Senate. Describe some of these and how they affect our political process.
What is Redistricting and how does it affect our political system?
What is the political significance of Marbury v. Madison and Judicial Review?
This is a difficult question, but I want you to try to describe the following concept: Before a case can be heard in U.S. Courts there must be a “case and controversy” and the plaintiff, that is the party that’s filing suit, must have “standing.” Describe these concepts to the best of your ability.
What are legal precedents and what is their importance?
What is the power of the bully pulpit? Which branch generally is said to hold this power?
What are “non-justiciable” cases?
Essay: Miss Doe has arrived in Congress as a member of the House of Representatives. She’s hired you, her former campaign manager, to help her get her first bill through Congress. This bill would read as follows: THE PRESIDENT OF THE UNITED STATES WILL IMMEDIATELY DEPLOY ALL TROOPS STATIONED IN IRAQ BACK TO THE UNITED STATES. She asks you to prepare her a memo telling her about the different branches of government, Executive, Legislative and Supreme Court, as well as the bureaucracy, and how these could affect her bill. Tell me, in your words, what are some of the things she should be aware of with respect to each of the four.
Wednesday, March 11, 2009
Monday, March 9, 2009
Saturday, March 7, 2009
Next Test II
FYI... see this link about your test. You'll print these on this site and I just invited all of you to become bloggers here:
http://newcitywestliberty.blogspot.com/2009/03/blogger-invitations.html
http://newcitywestliberty.blogspot.com/2009/03/blogger-invitations.html
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