Show Recommended textbook solutions American Government1st EditionGlen Krutz 412 solutions American Corrections11th EditionMichael D. Reisig, Todd R. Clear 160 solutions Criminal Justice in America9th EditionChristina Dejong, Christopher E. Smith, George F Cole 105 solutions
Government in America: Elections and Updates Edition16th EditionGeorge C. Edwards III, Martin P. Wattenberg, Robert L. Lineberry 269 solutions Recommended textbook solutions
Consumer Behavior: Buying, Having, Being13th EditionMichael R Solomon 449 solutions
Century 21 Accounting: General Journal11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman 1,012 solutions
Myers' Psychology for AP2nd EditionDavid G Myers 901 solutions Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions Scheduled maintenance: Thursday, December 22 from 3PM to 4PM PST
Home Subjects Expert solutions Create Log in Sign up Upgrade to remove ads Only ₩37,125/year
Terms in this set (43)Why is contractionary monetary policy rarely used? Voters don't like tax increases, and politicians who pass such laws risk being voted out of office. The Great Recession was partially caused by an asset bubble in the ________ market. housing During the Great Recession, the federal government employed fiscal policy to try to stimulate the economy. Which of the following are examples of legislation that Congress passed to try to turn around the economy during the Great Recession? (choose all that apply) American Recovery and Reinvestment Act of 2009, Economic Stimulus Act of 2008 Fiscal policy characterized by decreased government spending and increased taxes is called ____________. contractionary fiscal policy Contractionary fiscal policy is beneficial when the economy is growing at a greater rate than ____________. two to three percent per year Hazlitt discusses the fact that the Tennessee Valley Authority increased prosperity in its region. Why does he say this isn't surprising and shouldn't be regarded as a miraculous result of government spending? Because taxes were taken from other parts of the country and concentrated in this one section. What happens when providing employment becomes the primary reason (the end instead of the means) for government spending? (choose all that apply)
Need becomes a subordinate consideration, Government projects have to be invented. Increased taxes reduce the economic incentives for business success. Which of the following are consequences of these reduced incentives? (choose all that apply) Consumers are prevented from getting better and cheaper products. The New Deal was a series of legislation enacted by the federal government intended to provide relief from what economic downturn? The Great Depression Which of the following were programs or legislation created during the New Deal? (choose all that apply) Public Works Administration Which of the following are consequences of contractionary monetary policy rarely being used? (choose all that apply) increased government debt, high inflation Which of the following are negative consequences of an economy that is growing too quickly? (choose all that apply) unsustainability, asset bubbles Large-scale asset purchases in which a central bank buys government bonds or other financial assets from commercial banks and other financial institutions is known as _____________. quantitative easing Hazlitt writes that the "pleasant dreams" of government being able to spend without taxing and being able to endlessly pile up debt "have always been shattered by" what? national insolvency or runaway inflation The sum total of all the money the government owes is referred to as the __________. national debt When government expenditures exceed government revenues, the federal budget is considered to be ___________. in deficit When government revenues exceed government expenditures, the federal budget is considered to be __________. in surplus When government revenues equal government expenditures, the federal budget is considered to be ___________. balanced What does the United States government do when the budget is in deficit? It sells securities to individuals, corporations, financial institutions, and other governments. In the United States, state governments are mostly funded by which of the following types of taxes? (choose all that apply) income taxes, sales taxes The Tax Cuts and Jobs Act of 2017 changed the corporate income tax from 35% to __________. 21% The major excise taxes in the United States are on which of the following products? (choose all that apply) alcohol, gasoline, tobacco In the United States, local governments are primarily funded through __________. property taxes A tax that applies the same tax rate regardless of income is called a __________. flat tax America's budget deficit reached a trillion dollars during the terms of which presidents? (choose all that apply) Donald and Barack Each year, the finer points of America's federal budget are first debated in twelve _____________. appropriations committees FICA tax is a payroll tax that funds which of the following government programs? (choose all that apply) Social Security, Medicare Taxes on imported goods are called ______________. tariffs In the United States, the bulk of spending by local and state governments goes to which of the following areas? (choose all that apply) public education Emergency services provided by the government include which of the following services? (choose all that apply) emergency medical services The government operates many public buildings, such as libraries and courthouses, as well as many public _____, including Yellowstone and Yosemite. parks The government plays an important role in keeping private companies accountable and preventing them from causing excessive pollution. In the United States, the federal organization tasked with protecting human and environmental health is the _________________. Environmental Protection Agency Firefighting is an example of a government service that could be provided by the private sector. However, firefighting services are operated by the government because _____________. it's more beneficial to society for firefighting services to be provided to everyone What is the largest government healthcare program in the United States? Medicare As of 2019, there is over ______________ of federal student loan debt in the United States. $1.5 trillion When a borrower stops making payments on their loan for several months, the loan is considered to be in __________. default Those who advocate for government lending believe that extending credit to individuals will help them prosper. However, an important point these advocates of government lending forget is that all credit is _________. debt According to Hazlitt, what is the end result when the government provides loans or subsidies to business? The government taxes successful businesses in order to support unsuccessful businesses. Which of the following are reasons that private lenders are likely to make fewer mistakes than government lenders? (choose all that apply) Private lenders are selected by a process of survival of the fittest. In the United States, government welfare services include which of the following programs? (choose all that apply) food
stamps What percentage of student loans are given out by the government? 92% According to Hazlitt, the belief that government loans for farmers are beneficial comes from which of the following "acts of shortsightedness"? (choose all that apply) thinking only of the first half of the
transaction According to Hazlitt, which of the following are true, in general, about the individuals selected for government loans? (choose all that apply) They will be poorer risks than the individuals selected for private loans Other sets by this creatorTEST 3 GOVNT.17 terms oliviastunkel final quiz economics10 terms oliviastunkel quiz 12 economics25 terms oliviastunkel quiz government10 terms oliviastunkel Recommended textbook solutionsPrinciples of Microeconomics7th EditionN. Gregory Mankiw 883 solutions Principles of Microeconomics8th EditionN. Gregory Mankiw 889 solutions Principles of Economics2nd EditionDavid Shapiro, Steven Greenlaw Principles of Macroeconomics5th EditionBen Bernanke, Robert Frank 446 solutions
Other Quizlet setsMidpoint Questions Exam100 terms Cara_Moran3 Chapter 16 Study Set24 terms katemarie101 OFGAHAA Chapters 4-6100 terms raub14Plus Computer Science11 terms misterasikoraTeacher Which of these is the nation's largest health insurance program quizlet?Medicare is the largest single medical benefits program in the United States. The AMA is responsible for the operation of the Medicare program and for selecting Medicare administrative contractors (MACs).
Which of the following is a government healthcare program quizlet?Medicare is a state-funded health insurance program available mainly to people over 65 and to people with disability. Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.
What is the largest source of government revenue in the US quizlet?Personal income taxes and Social Security taxes are the largest sources of federal government revenues.
Which of the following are the largest categories of federal government spending?Government spending is broken down into two primary categories: mandatory and discretionary. Mandatory spending represents nearly two-thirds of annual federal spending. This type of spending does not require an annual vote by Congress. The second major category is discretionary spending.
|
What is the largest government healthcare program in the United States quizlet?
zusammenhängende Posts
Urheberrechte © © 2024 defrojeostern Inc.
