Question 1

Define the term monetary policy,and describe two ways the Fed implements monetary policy.

Accepted Answer

Monetary policy is based on manipulation...

Question 2

________ wrote Silent Spring in 1962.

Accepted Answer

A)  Al Gore
B)  George W.Bush
C)  Greenpeace
D)  Rachel Carson
E)  The Sierra Club

Question 3

Fiscal policy is a mechanism the government employs to influence the economy.Fiscal policy is based on

Accepted Answer

A)  the idea that a balanced budget is the key to a healthy economy.
B)  the money supply.
C)  the government's taxing and spending decisions.
D)  the importance of maintaining a 12-month (fiscal year) economic cycle.
E)  the projections of the Federal Reserve Board.

Question 4

The tax cuts pushed by President George W.Bush while in office were premised largely on

Accepted Answer

A)  demand-side economics.
B)  supply-side economics.
C)  fiscal policy.
D)  monetary policy.
E)  Keynesian economics.

Question 5

The ________ established minimum wages and constraints on the use of child labor.

Accepted Answer

A)  Securities and Exchange Act of 1934
B)  Banking Act of 1934
C)  Airlines Deregulation Act of 1977
D)  Fair Labor Standards Act of 1938
E)  Homestead Act of 1862

Question 6

The Federal Reserve System

Accepted Answer

A)  was created in 1933.
B)  is run by a congressional committee.
C)  regulates only national banks.
D)  was created specifically to conduct fiscal policy.
E)  None of these answers is correct.

Question 7

Democrats in Washington have usually responded to a sluggish economy with

Accepted Answer

A)  reduced government spending.
B)  increased government spending.
C)  increased government taxes.
D)  decreased government taxes.
E)  decreased government regulation.

Question 8

Which of the following is correct about environmental policy?

Accepted Answer

A)  The national parks are subject to a dual use policy of preservation,recreation,and exploitation of the rich natural resources.
B)  The Environmental Protection Agency was elevated to cabinet status in 1998 by President Clinton and the Republican Congress.
C)  Environmental regulation has done little to improve air and water quality.
D)  Policymakers always give more consideration to environmental protection than to economic development when the two conflict.
E)  None of these answers is correct.

Question 9

The first national park was created at ________ in 1872.

Accepted Answer

A)  Acadia
B)  Yellowstone
C)  Yosemite
D)  Mammoth Cave
E)  the Grand Canyon

Question 10

The Federal Reserve plays a large part in establishing ________ policy.

Accepted Answer

A)  monetary
B)  military
C)  fiscal
D)  budgetary
E)  security

Question 11

The term externality refers to

Accepted Answer

A)  regulations imposed on a firm by government.
B)  a nation that is a trading partner of another nation.
C)  unpaid costs of production that are incurred by society.
D)  tariffs imposed on American goods exported to other countries.
E)  None of these answers is correct.

Question 12

Over the past forty years,the burden of federal taxation has

Accepted Answer

A)  shifted from big business to small business.
B)  shifted from individuals to corporations.
C)  shifted from corporations to individuals.
D)  evened out between individuals and corporations.
E)  None of these answers is correct.

Question 13

Government benefits for business include all of the following EXCEPT

Accepted Answer

A)  low-interest loans and government-guaranteed loans.
B)  corporate tax breaks.
C)  a national transportation system.
D)  minimum-wage laws.
E)  a national education system.

Exam 11: Economic and Environmental Policy: Contributing to Prosperity

________ wrote Silent Spring in 1962.

Correct Answer
verified

The Federal Reserve System

Correct Answer
verified

Fiscal policy is a mechanism the government employs to influence the economy.Fiscal policy is based on

Correct Answer
verified

Democrats in Washington have usually responded to a sluggish economy with

Correct Answer
verified

Which of the following is correct about environmental policy?

Correct Answer
verified

The first national park was created at ________ in 1872.

Correct Answer
verified

The term externality refers to

Correct Answer
verified

Government benefits for business include all of the following EXCEPT

Correct Answer
verified

The Federal Reserve plays a large part in establishing ________ policy.

Correct Answer
verified

Over the past forty years,the burden of federal taxation has

Correct Answer
verified

The tax cuts pushed by President George W.Bush while in office were premised largely on

Correct Answer
verified

The ________ established minimum wages and constraints on the use of child labor.

Correct Answer
verified

Define the term monetary policy,and describe two ways the Fed implements monetary policy.

Correct Answer
verified
Monetary policy is based on manipulation...
View Answer

Exam 11: Economic and Environmental Policy: Contributing to Prosperity

________ wrote Silent Spring in 1962.

Correct AnswerverifiedShow Answer

The Federal Reserve System

Correct AnswerverifiedShow Answer

Fiscal policy is a mechanism the government employs to influence the economy.Fiscal policy is based on

Correct AnswerverifiedShow Answer

Democrats in Washington have usually responded to a sluggish economy with

Correct AnswerverifiedShow Answer

Which of the following is correct about environmental policy?

Correct AnswerverifiedShow Answer

The first national park was created at ________ in 1872.

Correct AnswerverifiedShow Answer

The term externality refers to

Correct AnswerverifiedShow Answer

Government benefits for business include all of the following EXCEPT

Correct AnswerverifiedShow Answer

The Federal Reserve plays a large part in establishing ________ policy.

Correct AnswerverifiedShow Answer

Over the past forty years,the burden of federal taxation has

Correct AnswerverifiedShow Answer

The tax cuts pushed by President George W.Bush while in office were premised largely on

Correct AnswerverifiedShow Answer

The ________ established minimum wages and constraints on the use of child labor.

Correct AnswerverifiedShow Answer

Define the term monetary policy,and describe two ways the Fed implements monetary policy.

Correct AnswerverifiedMonetary policy is based on manipulation...View AnswerShow Answer

Correct Answer
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Correct Answer
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Correct Answer
verified
Monetary policy is based on manipulation...
View Answer