POLI330 Week 6 Quiz Latest 2018 December

POLI330 Political Science

Week 6 Quiz

Question 1

(TCO 7) Radicals use the term “political economy” instead of “_____,” which is a hard sell these days.

Late capitalism

Marxism

Pure market system

Utilitarianism

Question 2

(TCO 7) Describe British economist John Maynard Keynes’ proposal to cure economic depressions.

Keynes suggested infusing the economy with government funds to promote spending.

Keynes advocated for “trickle-down” economic policies.

Keynes argued for stronger stimulus packages to corporations and small businesses.

Keynes proposed to cure depressions by dampening the swings of the business cycle.

Question 3

(TCO 7) President Jimmy Carter attempted to stimulate the economy, but this made inflation worse. This led him to _____.

lose the 1980 election

slash prices of corn and soybeans

subsidize major oil companies

increase the national deficit

Question 4

(TCO 7) What event is largely considered responsible for deterring Johnson’s War on Poverty?

Great Society

Vietnam War

Middle-class entitlements

Tax expenditures

Question 5

(TCO 7) The _____ administration simplified the Food Stamp program by eliminating the provision that recipients buy the stamps at a discount with their own money.

Kennedy

Johnson

Ford

Carter

Question 6

(TCO 7) Medical costs consume nearly _____% of the U.S. gross domestic product, most of it paid through government and private health insurance.

11

18

22

26

Question 7

(TCO 7) Why are many politicians wary about limiting Social Security and Medicare expenses?

Many would be left without enough to support them.

Caps to these programs would undermine the welfare state.

It can cost them votes.

Both are primary social safety nets.

Question 8

(TCO 7) How might Americans’ reluctance toward entitlement programs benefit them in the long run?

Citizens will pay lower taxes, stimulating the economy via “trickle-down” economics.

Entitlement programs are complex and inefficient; our government will save time and money by proceeding with caution.

Americans can justify raising the debt ceiling through entitlement programs, so long as they are wary of the choices they make.

Government subsidies to businesses, rather than spending on welfare programs, will help the United States generate revenue and reduce overall spending.

Question 9

(TCO 7) According to the U.S. Labor Department, what determines the poverty line?

The poverty line is three times a minimal food budget for nonfarm families of four.

The poverty line is twice the minimal food budget plus $400 for lodging.

The poverty line is three times the city minimal lodging budget.

The poverty line is four times the minimal living expenses for an urban family of five.

Question 10

(TCO 7) Many conservative economists argue that some banks are _____, because they would topple the rest of the economy with them.

inherently successful

too big to fail

destined for profit

practically invincible