Deck 16: Economic Domestic and Foreign Policy

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Question
Which of the following is the definition of regulations?

A) the spending and taxation decisions made by government
B) guidelines issued by federal agencies for administering federal programs and implementing federal law
C) bureaucratic decisions designed to ensure tariffs are relatively equal in nations that trade with each other
D) process by which bureaucracies initiate policy implementation
E) system of rules that guide how a law is implemented; also called the rule-making process
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Question
The regulatory process occurs in which stage of the policy-making process?

A) enactment
B) implementation
C) problem identification
D) policy agenda
E) evaluation
Question
When individuals with a stake in an issue affecting them begin to propose and develop solutions to a problem, they engage in

A) policy enactment.
B) policy formulation.
C) policy evaluation.
D) problem identification.
E) policy implementation.
Question
Which of the following would be primarily responsible for policy implementation in the policy-making process?

A) legislative branch
B) political parties
C) executive branch
D) interest groups
E) judicial branch
Question
If one state raises eligibility requirements for welfare benefits in order to decrease payouts, and two neighboring states later raise theirs to similar levels, this demonstrates which concept?

A) shared governance
B) policy evaluation
C) the regulatory process
D) a race to the bottom
E) policy diffusion
Question
Which of the following groups is required to take action when a policy undergoes review during the policy evaluation stage?

A) legislative branch
B) executive branch
C) interest groups
D) public
E) judicial branch
Question
The official published record of all executive branch rules, regulations, and orders may be found in the

A) Washington Post.
B) Federal Register.
C) Congressional Record.
D) Daily Digest.
E) National archives.
Question
Which of the following best defines the regulatory process?

A) process by which policy ideas and programs initiated by one state spread to other states
B) guidelines issued by federal agencies for administering federal programs and implementing federal law
C) system of rules that  guides how a law is  implemented; also called the  rule-making process
D) policy designed to make sure that the working conditions are relatively equal in nations that trade with each other
E) spending and taxation decisions made by government
Question
The government intends to change its immigration laws by permitting certain persons currently in the U.S. without proper documentation to obtain citizenship legally. This is an example of

A) problem identification.
B) democracy in action.
C) policy intent.
D) public policy.
E) pork barrel politics.
Question
In t he final step of the policy-making process, known as ___________, the policy is reviewed for its effectiveness and efficiency; if changes are needed, the issue is placed back on the policy agenda, and the cycle starts again.

A) policy formulation
B) policy identification
C) policy evaluation
D) policy enactment
E) policy implementation
Question
Which of the following represents the typical sequence of the policy-making process, assuming that an issue has been identified and become part of the policy agenda?

A) enactment,  implementation,  formulation, evaluation
B) implementation,  enactment, evaluation, formulation
C) implementation,  enactment,  formulation, evaluation
D) formulation,  enactment,  implementation,  evaluation
E) evaluation, enactment,  implementation,  formulation
Question
When the government recognizes that action is needed to improve control of guns on campus, it begins the policy-making process with which step?

A) policy enactment
B) policy formulation
C) policy agenda
D) problem identification
E) policy implementation
Question
The policy-making process includes all of the following stages EXCEPT the policy _________ stage.

A) enactment
B) formulation
C) agenda
D) recrimination
E) implementation
Question
Mandatory health care coverage for all citizens of Massachusetts has been shown to save the state money and improve the health and well-being of its residents. For this reason, the neighboring state of New Hampshire also adopted this model as its state health care program. This is an example of

A) policy enactment.
B) policy formulation.
C) policy coercion.
D) policy diffusion.
E) policy implementation.
Question
Once the policy-making process has begun, the issue must gain the attention of policy makers, or in other words, become part of the

A) policy enactment.
B) policy formulation.
C) policy agenda.
D) problem identification.
E) policy implementation.
Question
Any federal agency which issues guidelines concerning the administration and implementation of a federal law is engaged in the process of

A) program review.
B) regulation.
C) identification.
D) mandates.
E) valuation.
Question
The fifth step in the policy-making process, in which the executive branch develops the rules that will put the policy into action, is called

A) policy formulation.
B) policy evaluation.
C) problem identification.
D) policy enactment.
E) policy implementation.
Question
In order to combat the high costs of a college education, direct federal loans to college students were considered. This is an example of policy

A) formulation.
B) implementation.
C) enactment.
D) evaluation.
E) reaction.
Question
Rules governing implementation of a law requiring seat belts to be installed as mandatory equipment in every car are components of the

A) quasi-legislative process.
B) regulatory process.
C) oversight process.
D) bureaucratic process.
E) implementation process.
Question
As Congress passes legislation which authorizes action to be taken to address a problem, it completes the fourth step of public policy-making known as

A) policy enactment.
B) policy implementation.
C) policy formulation.
D) problem identification.
E) policy evaluation.
Question
If the Federal Reserve increases reserve requirements for member banking institutions, what should be the result?

A) Interest rates decrease.
B) The money supply increases.
C) The money supply decreases.
D) The money supply remains stable.
E) Interest rates remain stable.
Question
The shared federal and state health insurance program for low-income persons is called

A) Obamacare.
B) Medicaid.
C) Medicare.
D) Social Security.
E) Fedicare.
Question
The federal pension program that makes a monthly payment to retired elderly workers and disabled persons is called

A) TANF.
B) Medicaid.
C) Medicare.
D) Social Security.
E) Affordable Care.
Question
Regulating the amount of money in the economy and the cost of borrowing that money is the primary purpose of

A) monetary policy.
B) fiscal policy.
C) welfare policy.
D) federal policy.
E) domestic policy.
Question
Banks will have more money to lend, and thus the money supply increases, if the Federal Reserve Board takes what action?

A) decreases reserve requirements
B) decreases  the money supply
C) increases reserve requirements
D) i ncreases interest rates
E) lets interest rates remain stable
Question
When the Federal Reserve decreases reserve requirements, what should be the result?

A) Banks have more money to lend.
B) The money supply decreases.
C) Banks have less money to lend.
D) The money supply remains stable.
E) Banks have more money "in reserve."
Question
Which entity of the federal bureaucracy,  in conjunction with state and local government,  is largely responsible for administering the major entitlement programs discussed in this chapter?

A) Department of Aging and Welfare
B) Department of the Interior
C) Department of Health and  Human Services
D) Department of Healthy Humans
E) Department of Veteran's Affairs
Question
Now retired, Louisa relies upon a federal program to provide her with health insurance benefits. As a worker, she contributed to this program by law out of her earnings. Louisa's health insurance is provided by

A) the Pension Protection Fund.
B) Medicaid.
C) Medicare.
D) Social Security.
E) the Aged Pension Program.
Question
A local tire manufacturing firm fails to properly maintain its system for reducing harmful, toxic gas emissions that are produced as a result of its processes. The federal agency responsible for administering, enforcing, and possibly assessing the company a fine for violating standards is the

A) Department of the Interior.
B) Environmental Conservation Administration.
C) Environmental Protection Agency.
D) Attorney General's Office.
E) Department of Health and Human Services.
Question
When two or more nations engage in an exchange of goods, this is known as

A) international trade.
B) interstate commerce.
C) free trade.
D) intrastate commerce.
E) outsourcing.
Question
If the United States' economic indicators measure successive quarters of lower economic output, this is known as a

A) downturn.
B) depression.
C) recession.
D) reduction.
E) reservation.
Question
What law first expanded the federal government's ability to monitor and protect the environment against pollution?

A) Superfund Act
B) Clean Water Act
C) Clean Air Act
D) Clean Environment Act
E) Government in the Sunshine Act
Question
Contributing factors of the recession of 2007-2009 included all of the following EXCEPT

A) widespread foreclosures.
B) inflated housing prices.
C) unstable political process.
D) irresponsible lending by banks.
E) excessive  borrowing by consumers.
Question
The U.S. takes action to prevent an influx of new vehicles manufactured in China by Chinese corporations from being imported and entering the marketplace, which will reduce competition for U.S. auto manufacturers. This policy purposely raises import barriers to prevent unfair trade practices and is termed

A) protectionism.
B) free trade.
C) market-driven trade.
D) fair trade.
E) capitalism.
Question
Social Security, Medicare, and Medicaid are examples of

A) targeted programs.
B) welfare programs.
C) discretionary programs.
D) entitlement programs.
E) constituent programs.
Question
Who controls monetary policy in the United States?

A) Congress
B) Council of Economic Advisors
C) Federal Reserve Board
D) the president and cabinet
E) Wall Street
Question
For most, what is the first step in becoming a naturalized citizen of the United States?

A) apply for a birth certificate
B) apply for political asylum
C) apply for a job
D) apply for a marriage license
E) apply for a green card
Question
The name of the recent major health care law mandating that individuals have health insurance is

A) the Patriot Act.
B) the Healthy Americans Act.
C) the Affordable Care Act.
D) Medicare Part D.
E) the Dream Act.
Question
Becoming a fully naturalized citizen requires all of the following EXCEPT

A) residing in the U.S. continuously for at least five years.
B) pledging support to the United States.
C) renouncing any past political affiliation.
D) passing a citizenship test.
E) being able to read and write English.
Question
Member banking institutions pay the Federal Reserve an interest rate on loans, a concept termed the

A) discount rate.
B) prime rate.
C) prevailing rate.
D) standard rate.
E) federal rate.
Question
What is the U.S. government-funded organization that sends individuals on educational and cultural missions around the world?

A) United Nations
B) Veterans of Foreign Wars
C) Voice of America
D) Teach for America
E) Peace Corps
Question
The North American Free Trade Agreement (NAFTA), is a comprehensive multi-nation trade agreement ratified in 1994 that attempted to eliminate trade barriers among which set of countries?

A) the  United States, Mexico, and Venezuela
B) the  United States, Mexico, and Colombia
C) Canada, the  United States, and Greenland
D) Canada, the  United States, and Colombia
E) Canada, the  United States, and Mexico
Question
The international organization that distributes grants and low-income loans in developing countries is the

A) United Nations.
B) European Union.
C) World Trade Organization.
D) World Bank.
E) International Monetary Fund.
Question
When ownership and control of most elements in a society are subject to state restrictions where no individual ownership of large amounts of property or wealth is permitted, it is a key principle of which system?

A) communism
B) liberalism
C) democracy
D) socialism
E) anarchism
Question
If China were to impose a trading ban on a product that comes from the United States, and the U.S. wanted to appeal this decision believing it was an unfair trading practice, who would resolve the issue?

A) the North Atlantic Treaty Organization (NATO)
B) the World Bank
C) the United Nations
D) the World Court
E) the World Trade Organization
Question
When nations around the world experience high levels of interconnectedness in the economic, political, cultural, social, and military realms, they are experiencing

A) globalization.
B) localization.
C) capitalization.
D) normalization.
E) equalization.
Question
What is meant or implied by the phrase, "The race to the bottom," in regards to state governments and domestic policy?
Question
The _____ was formed after World War II in order to mediate disputes among nations around the world.

A) United Nations
B) North American Free Trade Agreement
C) IMF
D) Department of Commerce
E) World Bank
Question
The first large-scale involvement of the United States in an international conflict on foreign soil took place with which event?

A) French Revolution
B) World War II
C) Cold War
D) World War I
E) Korean War
Question
The European Union is

A) a group of three countries that have signed on to the NAFTA accords.
B) a group of countries that have agreed to bring their economic complaints to a common judicial forum.
C) a group of countries in Europe and North America that have come together in a defensive military alliance.
D) a group of nonaligned countries that seek protection from trade sanctions by other countries  in international politics.
E) an association of European nations formed in order to facilitate economic and political interactions across their borders.
Question
Individuals or groups that do not represent any specific national government and may take action across borders are known as

A) ex-officio actors.
B) formal out-of-state actors.
C) political actors.
D) informal actors.
E) nonstate actors.
Question
Actions taken by the government to reduce import barriers in order to encourage more companies to exchange goods between countries result in the policy of

A) protectionism.
B) free trade.
C) market-driven trade.
D) open trade.
E) fair trade.
Question
The __________ is the international organization that works to stabilize currency values and government debt for nations in economic difficulty.

A) United Nations
B) European Union
C) World Trade Organization
D) World Bank
E) International Monetary Fund
Question
Compare and contrast any two stages of the policy-making process. Provide definitions and describe the purpose of the stages you choose.
Question
Government policy which ensures that relatively equal working conditions exist in nations that exchange goods is the benchmark of

A) protectionism.
B) free trade.
C) market-driven trade.
D) open trade.
E) fair trade.
Question
What is the Affordable Care Act? What is its purpose, and how does it work?
Question
Define "public policy" and provide a brief example.
Question
Identify two key differences between Medicare and Medicaid.
Question
A large U.S. trade imbalance with China over the past year would result from which of the following?

A) American consumers are buying  far fewer goods made in China than they  are buying goods made  in the United States.
B) American consumers are buying  far fewer goods made in China than Chinese  consumers are buying goods made  in the United States.
C) American consumers are buying  far more goods made in the United States than Chinese  consumers are buying goods made  in China.
D) Chinese consumers are buying  far more goods made in China than American  consumers are buying goods made  in the United States.
E) American consumers are buying  far more goods made in China than Chinese  consumers are buying goods made  in the United States.
Question
The Cold War refers to a conflict between the United States and its democratic allies, and

A) the Soviet Union and communist-allied countries.
B) the "Asian Tigers."
C) the Axis powers of Germany, Italy and Japan.
D) South America and leftist guerrillas.
E) the European Union.
Question
What is the Clean Air Act? What is its purpose?
Question
Compare and contrast a bipolar world with a multipolar world.
Question
Describe the purpose and function of the United Nations.
Question
Who are nonstate actors, and what effect have they had internationally?
Question
Describe the two largest federal entitlement programs, their purpose, and eligibility requirements.
Question
What does NAFTA stand for, who signed it, and what does it create?
Question
Evaluate the effectiveness of U.S. foreign policy.
Question
Compare and contrast protectionism, free trade, and fair trade.
Question
Define globalization and provide an example.
Question
Describe the World Bank and the IMF. How do their roles differ?
Question
Outline and describe each step in the regulatory process, utilizing a policy example.
Question
Describe the specific requirements for immigrants to secure legal immigration status.
Question
Describe the specific characteristics of a recession.
Question
Who fought the Cold War, how was it fought, and how did it end?
Question
Briefly describe the purpose of the Peace Corps.
Question
Describe the situation creating a negative trade imbalance.
Question
Define the rally-around-the-flag-effect. Provide an example of when this effect occurred.
Question
Outline and describe each step in the policy-making process, utilizing a policy example.
Question
What is the role of the Environmental Protection Agency in administering the Clean Air Act? Discuss the Clean Air Act and the EPA's role in affecting climate change .
Question
What is monetary policy and how does it compare to economic policy? What are the goals of the Federal Reserve Board, and what tools does it use to achieve them?
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Deck 16: Economic Domestic and Foreign Policy
1
Which of the following is the definition of regulations?

A) the spending and taxation decisions made by government
B) guidelines issued by federal agencies for administering federal programs and implementing federal law
C) bureaucratic decisions designed to ensure tariffs are relatively equal in nations that trade with each other
D) process by which bureaucracies initiate policy implementation
E) system of rules that guide how a law is implemented; also called the rule-making process
B
2
The regulatory process occurs in which stage of the policy-making process?

A) enactment
B) implementation
C) problem identification
D) policy agenda
E) evaluation
B
3
When individuals with a stake in an issue affecting them begin to propose and develop solutions to a problem, they engage in

A) policy enactment.
B) policy formulation.
C) policy evaluation.
D) problem identification.
E) policy implementation.
B
4
Which of the following would be primarily responsible for policy implementation in the policy-making process?

A) legislative branch
B) political parties
C) executive branch
D) interest groups
E) judicial branch
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k this deck
5
If one state raises eligibility requirements for welfare benefits in order to decrease payouts, and two neighboring states later raise theirs to similar levels, this demonstrates which concept?

A) shared governance
B) policy evaluation
C) the regulatory process
D) a race to the bottom
E) policy diffusion
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
6
Which of the following groups is required to take action when a policy undergoes review during the policy evaluation stage?

A) legislative branch
B) executive branch
C) interest groups
D) public
E) judicial branch
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
7
The official published record of all executive branch rules, regulations, and orders may be found in the

A) Washington Post.
B) Federal Register.
C) Congressional Record.
D) Daily Digest.
E) National archives.
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Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
8
Which of the following best defines the regulatory process?

A) process by which policy ideas and programs initiated by one state spread to other states
B) guidelines issued by federal agencies for administering federal programs and implementing federal law
C) system of rules that  guides how a law is  implemented; also called the  rule-making process
D) policy designed to make sure that the working conditions are relatively equal in nations that trade with each other
E) spending and taxation decisions made by government
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
9
The government intends to change its immigration laws by permitting certain persons currently in the U.S. without proper documentation to obtain citizenship legally. This is an example of

A) problem identification.
B) democracy in action.
C) policy intent.
D) public policy.
E) pork barrel politics.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
10
In t he final step of the policy-making process, known as ___________, the policy is reviewed for its effectiveness and efficiency; if changes are needed, the issue is placed back on the policy agenda, and the cycle starts again.

A) policy formulation
B) policy identification
C) policy evaluation
D) policy enactment
E) policy implementation
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11
Which of the following represents the typical sequence of the policy-making process, assuming that an issue has been identified and become part of the policy agenda?

A) enactment,  implementation,  formulation, evaluation
B) implementation,  enactment, evaluation, formulation
C) implementation,  enactment,  formulation, evaluation
D) formulation,  enactment,  implementation,  evaluation
E) evaluation, enactment,  implementation,  formulation
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12
When the government recognizes that action is needed to improve control of guns on campus, it begins the policy-making process with which step?

A) policy enactment
B) policy formulation
C) policy agenda
D) problem identification
E) policy implementation
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13
The policy-making process includes all of the following stages EXCEPT the policy _________ stage.

A) enactment
B) formulation
C) agenda
D) recrimination
E) implementation
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14
Mandatory health care coverage for all citizens of Massachusetts has been shown to save the state money and improve the health and well-being of its residents. For this reason, the neighboring state of New Hampshire also adopted this model as its state health care program. This is an example of

A) policy enactment.
B) policy formulation.
C) policy coercion.
D) policy diffusion.
E) policy implementation.
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k this deck
15
Once the policy-making process has begun, the issue must gain the attention of policy makers, or in other words, become part of the

A) policy enactment.
B) policy formulation.
C) policy agenda.
D) problem identification.
E) policy implementation.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
16
Any federal agency which issues guidelines concerning the administration and implementation of a federal law is engaged in the process of

A) program review.
B) regulation.
C) identification.
D) mandates.
E) valuation.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
17
The fifth step in the policy-making process, in which the executive branch develops the rules that will put the policy into action, is called

A) policy formulation.
B) policy evaluation.
C) problem identification.
D) policy enactment.
E) policy implementation.
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Unlock for access to all 80 flashcards in this deck.
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k this deck
18
In order to combat the high costs of a college education, direct federal loans to college students were considered. This is an example of policy

A) formulation.
B) implementation.
C) enactment.
D) evaluation.
E) reaction.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
19
Rules governing implementation of a law requiring seat belts to be installed as mandatory equipment in every car are components of the

A) quasi-legislative process.
B) regulatory process.
C) oversight process.
D) bureaucratic process.
E) implementation process.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
20
As Congress passes legislation which authorizes action to be taken to address a problem, it completes the fourth step of public policy-making known as

A) policy enactment.
B) policy implementation.
C) policy formulation.
D) problem identification.
E) policy evaluation.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
21
If the Federal Reserve increases reserve requirements for member banking institutions, what should be the result?

A) Interest rates decrease.
B) The money supply increases.
C) The money supply decreases.
D) The money supply remains stable.
E) Interest rates remain stable.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
22
The shared federal and state health insurance program for low-income persons is called

A) Obamacare.
B) Medicaid.
C) Medicare.
D) Social Security.
E) Fedicare.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
23
The federal pension program that makes a monthly payment to retired elderly workers and disabled persons is called

A) TANF.
B) Medicaid.
C) Medicare.
D) Social Security.
E) Affordable Care.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
24
Regulating the amount of money in the economy and the cost of borrowing that money is the primary purpose of

A) monetary policy.
B) fiscal policy.
C) welfare policy.
D) federal policy.
E) domestic policy.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
25
Banks will have more money to lend, and thus the money supply increases, if the Federal Reserve Board takes what action?

A) decreases reserve requirements
B) decreases  the money supply
C) increases reserve requirements
D) i ncreases interest rates
E) lets interest rates remain stable
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
26
When the Federal Reserve decreases reserve requirements, what should be the result?

A) Banks have more money to lend.
B) The money supply decreases.
C) Banks have less money to lend.
D) The money supply remains stable.
E) Banks have more money "in reserve."
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
27
Which entity of the federal bureaucracy,  in conjunction with state and local government,  is largely responsible for administering the major entitlement programs discussed in this chapter?

A) Department of Aging and Welfare
B) Department of the Interior
C) Department of Health and  Human Services
D) Department of Healthy Humans
E) Department of Veteran's Affairs
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
28
Now retired, Louisa relies upon a federal program to provide her with health insurance benefits. As a worker, she contributed to this program by law out of her earnings. Louisa's health insurance is provided by

A) the Pension Protection Fund.
B) Medicaid.
C) Medicare.
D) Social Security.
E) the Aged Pension Program.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
29
A local tire manufacturing firm fails to properly maintain its system for reducing harmful, toxic gas emissions that are produced as a result of its processes. The federal agency responsible for administering, enforcing, and possibly assessing the company a fine for violating standards is the

A) Department of the Interior.
B) Environmental Conservation Administration.
C) Environmental Protection Agency.
D) Attorney General's Office.
E) Department of Health and Human Services.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
30
When two or more nations engage in an exchange of goods, this is known as

A) international trade.
B) interstate commerce.
C) free trade.
D) intrastate commerce.
E) outsourcing.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
31
If the United States' economic indicators measure successive quarters of lower economic output, this is known as a

A) downturn.
B) depression.
C) recession.
D) reduction.
E) reservation.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
32
What law first expanded the federal government's ability to monitor and protect the environment against pollution?

A) Superfund Act
B) Clean Water Act
C) Clean Air Act
D) Clean Environment Act
E) Government in the Sunshine Act
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
33
Contributing factors of the recession of 2007-2009 included all of the following EXCEPT

A) widespread foreclosures.
B) inflated housing prices.
C) unstable political process.
D) irresponsible lending by banks.
E) excessive  borrowing by consumers.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
34
The U.S. takes action to prevent an influx of new vehicles manufactured in China by Chinese corporations from being imported and entering the marketplace, which will reduce competition for U.S. auto manufacturers. This policy purposely raises import barriers to prevent unfair trade practices and is termed

A) protectionism.
B) free trade.
C) market-driven trade.
D) fair trade.
E) capitalism.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
35
Social Security, Medicare, and Medicaid are examples of

A) targeted programs.
B) welfare programs.
C) discretionary programs.
D) entitlement programs.
E) constituent programs.
Unlock Deck
Unlock for access to all 80 flashcards in this deck.
Unlock Deck
k this deck
36
Who controls monetary policy in the United States?

A) Congress
B) Council of Economic Advisors
C) Federal Reserve Board
D) the president and cabinet
E) Wall Street
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37
For most, what is the first step in becoming a naturalized citizen of the United States?

A) apply for a birth certificate
B) apply for political asylum
C) apply for a job
D) apply for a marriage license
E) apply for a green card
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38
The name of the recent major health care law mandating that individuals have health insurance is

A) the Patriot Act.
B) the Healthy Americans Act.
C) the Affordable Care Act.
D) Medicare Part D.
E) the Dream Act.
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39
Becoming a fully naturalized citizen requires all of the following EXCEPT

A) residing in the U.S. continuously for at least five years.
B) pledging support to the United States.
C) renouncing any past political affiliation.
D) passing a citizenship test.
E) being able to read and write English.
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40
Member banking institutions pay the Federal Reserve an interest rate on loans, a concept termed the

A) discount rate.
B) prime rate.
C) prevailing rate.
D) standard rate.
E) federal rate.
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41
What is the U.S. government-funded organization that sends individuals on educational and cultural missions around the world?

A) United Nations
B) Veterans of Foreign Wars
C) Voice of America
D) Teach for America
E) Peace Corps
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42
The North American Free Trade Agreement (NAFTA), is a comprehensive multi-nation trade agreement ratified in 1994 that attempted to eliminate trade barriers among which set of countries?

A) the  United States, Mexico, and Venezuela
B) the  United States, Mexico, and Colombia
C) Canada, the  United States, and Greenland
D) Canada, the  United States, and Colombia
E) Canada, the  United States, and Mexico
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43
The international organization that distributes grants and low-income loans in developing countries is the

A) United Nations.
B) European Union.
C) World Trade Organization.
D) World Bank.
E) International Monetary Fund.
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44
When ownership and control of most elements in a society are subject to state restrictions where no individual ownership of large amounts of property or wealth is permitted, it is a key principle of which system?

A) communism
B) liberalism
C) democracy
D) socialism
E) anarchism
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45
If China were to impose a trading ban on a product that comes from the United States, and the U.S. wanted to appeal this decision believing it was an unfair trading practice, who would resolve the issue?

A) the North Atlantic Treaty Organization (NATO)
B) the World Bank
C) the United Nations
D) the World Court
E) the World Trade Organization
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46
When nations around the world experience high levels of interconnectedness in the economic, political, cultural, social, and military realms, they are experiencing

A) globalization.
B) localization.
C) capitalization.
D) normalization.
E) equalization.
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47
What is meant or implied by the phrase, "The race to the bottom," in regards to state governments and domestic policy?
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48
The _____ was formed after World War II in order to mediate disputes among nations around the world.

A) United Nations
B) North American Free Trade Agreement
C) IMF
D) Department of Commerce
E) World Bank
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49
The first large-scale involvement of the United States in an international conflict on foreign soil took place with which event?

A) French Revolution
B) World War II
C) Cold War
D) World War I
E) Korean War
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50
The European Union is

A) a group of three countries that have signed on to the NAFTA accords.
B) a group of countries that have agreed to bring their economic complaints to a common judicial forum.
C) a group of countries in Europe and North America that have come together in a defensive military alliance.
D) a group of nonaligned countries that seek protection from trade sanctions by other countries  in international politics.
E) an association of European nations formed in order to facilitate economic and political interactions across their borders.
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51
Individuals or groups that do not represent any specific national government and may take action across borders are known as

A) ex-officio actors.
B) formal out-of-state actors.
C) political actors.
D) informal actors.
E) nonstate actors.
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52
Actions taken by the government to reduce import barriers in order to encourage more companies to exchange goods between countries result in the policy of

A) protectionism.
B) free trade.
C) market-driven trade.
D) open trade.
E) fair trade.
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53
The __________ is the international organization that works to stabilize currency values and government debt for nations in economic difficulty.

A) United Nations
B) European Union
C) World Trade Organization
D) World Bank
E) International Monetary Fund
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54
Compare and contrast any two stages of the policy-making process. Provide definitions and describe the purpose of the stages you choose.
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55
Government policy which ensures that relatively equal working conditions exist in nations that exchange goods is the benchmark of

A) protectionism.
B) free trade.
C) market-driven trade.
D) open trade.
E) fair trade.
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56
What is the Affordable Care Act? What is its purpose, and how does it work?
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57
Define "public policy" and provide a brief example.
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58
Identify two key differences between Medicare and Medicaid.
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59
A large U.S. trade imbalance with China over the past year would result from which of the following?

A) American consumers are buying  far fewer goods made in China than they  are buying goods made  in the United States.
B) American consumers are buying  far fewer goods made in China than Chinese  consumers are buying goods made  in the United States.
C) American consumers are buying  far more goods made in the United States than Chinese  consumers are buying goods made  in China.
D) Chinese consumers are buying  far more goods made in China than American  consumers are buying goods made  in the United States.
E) American consumers are buying  far more goods made in China than Chinese  consumers are buying goods made  in the United States.
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k this deck
60
The Cold War refers to a conflict between the United States and its democratic allies, and

A) the Soviet Union and communist-allied countries.
B) the "Asian Tigers."
C) the Axis powers of Germany, Italy and Japan.
D) South America and leftist guerrillas.
E) the European Union.
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61
What is the Clean Air Act? What is its purpose?
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62
Compare and contrast a bipolar world with a multipolar world.
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63
Describe the purpose and function of the United Nations.
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64
Who are nonstate actors, and what effect have they had internationally?
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65
Describe the two largest federal entitlement programs, their purpose, and eligibility requirements.
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66
What does NAFTA stand for, who signed it, and what does it create?
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67
Evaluate the effectiveness of U.S. foreign policy.
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68
Compare and contrast protectionism, free trade, and fair trade.
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69
Define globalization and provide an example.
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70
Describe the World Bank and the IMF. How do their roles differ?
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71
Outline and describe each step in the regulatory process, utilizing a policy example.
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72
Describe the specific requirements for immigrants to secure legal immigration status.
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73
Describe the specific characteristics of a recession.
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74
Who fought the Cold War, how was it fought, and how did it end?
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75
Briefly describe the purpose of the Peace Corps.
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76
Describe the situation creating a negative trade imbalance.
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77
Define the rally-around-the-flag-effect. Provide an example of when this effect occurred.
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78
Outline and describe each step in the policy-making process, utilizing a policy example.
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79
What is the role of the Environmental Protection Agency in administering the Clean Air Act? Discuss the Clean Air Act and the EPA's role in affecting climate change .
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80
What is monetary policy and how does it compare to economic policy? What are the goals of the Federal Reserve Board, and what tools does it use to achieve them?
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