public policy quiz

Question 1

linkage institutes

Answer 1

elections
political parties
interest groups
media

Question 2

policy making process

Answer 2

problem identification
agenda setting
policy formulation
policy adoption
policy implementation
evaluation policy

Question 3

widely distributed costs

Answer 3

income tax
social security tax

Question 4

widely distributed benefits

Answer 4

social security benefits
national defense

Question 5

narrowly concentrated costs

Answer 5

factory air emission standards

Question 6

narrowly concentrated benefits

Answer 6

farm subsidies

Question 7

cost

Answer 7

any burden that people must or expect to bear (money or not)

Question 8

benefit

Answer 8

any satisfaction that some people must or expect to receive (money or not)

Question 9

four types of politics

Answer 9

majoritarian
interest group
client
entrepreneurial

Question 10

majoritarian politics

Answer 10

distributed benefits
distributed costs

Question 11

interest groups politics

Answer 11

narrowly concentrated benefits
narrowly concentrated costs

Question 12

client politics

Answer 12

narrowly concentrated benefits
distributed costs

Question 13

entrepreneurial politics

Answer 13

distributed benefits
narrowly concentrated costs

Question 14

types of public policy

Answer 14

domestic and foreign

Question 15

capitalism

Answer 15

an economic system in which individuals and corporations own the principal means of production and seek profits (NOT the government)

Question 16

mixed economy

Answer 16

an economic system in which the government is deeply invovled with economy decisions
(regulations, consumer, subsidies, taxer, employer and borrower)

Question 17

republicans

Answer 17

worry about inflation

Question 18

democrats

Answer 18

stress importance of unemployment

Question 19

two major worries

Answer 19

unemployment
inflation

Question 20

expenditures of the government

Answer 20

mainly go to major entitlements programs

Question 21

largest source of revenue

Answer 21

individual income tax

Question 22

fiscal policy

Answer 22

change taxes, government spending, transfer payments

Question 23

politician appeals to voters

Answer 23

keep spending down
cut deficits
support the programs

Question 24

categorical grants

Answer 24

grants that have a specific purpose
project grants (merit)
formula grants (formula)

Question 25

block grants

Answer 25

grants which can be used for a variety of purposed within a broad category

Question 26

mandates

Answer 26

a requirement placed on a state or local government with no funds

Question 27

monetary policy

Answer 27

change discount rate, federal funds rate, reserve requirement, buy and sell bonds

Question 28

liberal economic ideologies

Answer 28

increase government regulations on marketplace increase government spending (keynesian) higher taxes for rich favor social programs

Question 29

conservative economic ideologies

Answer 29

fewer regulations on marketplace lower taxes for middle class and higher income decrease government spending laissez faire supply side economics (reaganomics)

Question 30

libertarian economic ideologies

Answer 30

no regulations to protect property rights no taxes limited government role limited government spending

Question 31

four economic theories

Answer 31

monetarism keynesian/demand side classical/laissez faire supply side

Question 32

reaganomics

Answer 32

combination of monetarism and supply side tax cuts and domestic budget cutting reduce taxations and government regulation

Question 33

protectionism

Answer 33

the economic policy of shielding an economy from imports

Question 34

antitrust policies

Answer 34

prevent monopolies Congress has taken steps to regulate accounting industry practices SEC regulates stock fraud

Question 35

Taft Hartley act 1947

Answer 35

guarantee to unions the right of collective bargaining prohibited various unfair practices by union by allowing state "right to work" laws that forbid union requirements

Question 36

office of management and budget

Answer 36

president is more involved in budget OMB

Question 37

ways and means committee

Answer 37

reviews taxes and revenues

Question 38

appropriations committee

Answer 38

reviews spending

Question 39

tax loopholes

Answer 39

tax break or benefit for a few people not much money is lost

Question 40

tax expenditures

Answer 40

special exemptions exclusions or deductions lots of money lost

Question 41

mandatory spending

Answer 41

2/3 of federal spending interest on the national debt entitlement programs

Question 42

entitlement programs

Answer 42

social security medicaid medicare TANF SSI SNAP