Question 1

The Federal Reserve, or the Fed, is fully independent, meaning

Accepted Answer

The Federal Reserve is fully independent, which means its decisions need not be ratified by the president, Congress, or the courts. While the Fed is accountable to Congress and must report on its activities regularly, it is free to make decisions based on its own analysis of economic conditions and its mandate to promote stable prices and maximum employment.

Question 2

The 2010 Wall Street Reform and Consumer Protection Act, known as Dodd-Frank, after its authors

Accepted Answer

The Dodd-Frank Act added considerable flexibility to regulation by providing regulatory agencies with more tools and discretion to manage systemic risk and oversee financial institutions, rather than creating a new department, limiting the Fed's authority, or reducing its budget portion.

Question 3

Budget implementation is the development of procedures and activities to carry out

Accepted Answer

Budget implementation involves executing the policies and appropriations that have been legislated by Congress, as they are responsible for creating and passing the budget.

Question 4

The main goal of a bureaucracy is to

Accepted Answer

The answer of The main goal of a bureaucracy is...

Question 5

"Revolving doors" refers to

Accepted Answer

The term "revolving doors" refers to the practice of individuals frequently moving between roles as legislators or regulators and positions in industries affected by the legislation or regulation.

Question 6

The Ethics in Government Act limits the post-government employment of former Congress members by not permitting them to

Accepted Answer

The Ethics in Government Act restricts former Congress members from lobbying Congress for one year after leaving office.

Question 7

The branch of the federal government with the most direct control over the bureaucracy is the

Accepted Answer

The answer of The branch of the federal government with...

Question 8

America's money supply is controlled by

Accepted Answer

The Federal Reserve System is responsible for controlling the money supply in the United States through its monetary policy actions.

Question 9

If increased regulation and new regulations increase the cost to businesses

Accepted Answer

Small businesses often have fewer resources and less capital to absorb increased costs from new regulations, making it harder for them to compete compared to larger businesses.

Question 10

A technical expert with the knowledge of information and technology needed to carry out policy is called a ____________________.

Accepted Answer

The answer of A technical expert with the knowledge of...

Question 11

Congress can restrain the bureaucracy through

Accepted Answer

The answer of Congress can restrain the bureaucracy through
...

Question 12

Controversial bureaucratic regulations often remain in place due to

Accepted Answer

All of the options can contribute to controversial bureaucratic regulations remaining in place: the slow legislative process, key committee members blocking changes, and presidential vetoes.

Question 13

"Issue networks" are

Accepted Answer

"Issue networks" specifically refer to the connections and relationships among individuals or groups that hold positions in multiple iron triangles, including government officials, interest group leaders, and policy experts. It does not necessarily include connections between elected representatives and voters or between the bureaucracy and members of Congress.

Question 14

Currently the U. S. debt is $________________ trillion and growing.

Accepted Answer

As of the latest data, the U.S. national debt is approximately $33 trillion, which is closest to option B (16 trillion) among the given choices.

Question 15

The argument over the roll of the EPA in regulating the practice of "fracking" is an example of

Accepted Answer

The argument over the EPA's role in regulating fracking highlights the tension between the need for affordable energy sources and the potential environmental impacts associated with fracking practices.

Question 16

To stabilize the banking system and control the supply of money, the Fed requires all banks to

Accepted Answer

The Federal Reserve requires banks to maintain a reserve in currency or in deposits with a Federal Reserve bank to ensure liquidity and control the money supply.

Question 17

The idea that regulated industries come to benefit from government regulation and regulators begin to represent the regulated is known as

Accepted Answer

The capture theory suggests that regulated industries eventually gain influence over the government agency regulating them, allowing them to effectively "capture" the regulator and create mutually beneficial relationships. This can lead to the regulator becoming more sympathetic to the interests of the regulated industry than to the general public.

Question 18

Federal courts can prevent harmful regulation by

Accepted Answer

Federal courts have the authority to issue injunctions or court orders to halt the implementation of regulations they find unlawful or harmful.

Question 19

The costs of government regulation are paid for by

Accepted Answer

All of the above pay for the costs of government regulation. Businesses may have to pay for compliance and implementation costs. Workers and employees may have to bear the cost of reduced employment opportunities or lower wages due to the regulations. Consumers may have to pay higher prices for goods and services due to the increased costs faced by businesses.

Question 20

Prior to the Pendleton Civil Service Reform Act, government jobs were handed out to reward political support, which is referred to as ____________________.

Accepted Answer

The answer of Prior to the Pendleton Civil Service Reform...

Quiz 11: The Bureaucratic Elite