CH 13 Government Quiz

6 November 2023
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21 test answers

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fiscal policy
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The government's use of taxing and spending powers to manipulate the economy is known as
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administrative regulation
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Government regulation of broadcasting on a particular frequency or channel is a form of
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contracting
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The government's power to set conditions on companies seeking to sell goods or services to government agencies is known as __________ power
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noncash goods and services
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"In-kind benefits" refers to
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Monetary policy refers to
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managing the supply of money and credit in the economy
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indexing
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The periodic process of adjusting of social benefits or wages to account for increases in the cost of living refers to
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public policy
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A law, a rule, a statute, or an edict that expresses the government's goals and provides for rewards and punishments to promote those goals' attainment is a
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subsidies and contracts
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Promotional policies include
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contributory
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Social security is an example of which type of program?
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an expropriation
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Confiscation of property with or without compensation for public use is
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a tax expenditure
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The ability to deduct mortgage-interest payments from your taxable income is known as
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Medicare
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The biggest single expansion in contributory programs since 1935 was the establishment in 1965 of __________, which provides substantial medical services to elderly persons
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the working poor
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The Earned Income Tax Credit primarily benefits
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the elderly
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Which of the following groups receives the largest share of federal social benefit dollars?
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The federal funds rate is the
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interest rate that member banks of the Federal Reserve System charge each other
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means testing
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Some public assistance programs require the verification of income or other factors for eligibility. This is known as
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just compensation
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The Fifth Amendment of the U.S. Constitution states that the government cannot exercise eminent domain without
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Medicaid
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The largest single category of expansion among noncontributory public assistance programs came with the establishment of
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young workers to elderly retirees
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Social Security redistributes wealth from
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Social Security
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The poverty rate among the elderly has declined substantially in the past 75 years because of
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economic security
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The welfare state supplies equality of opportunity as well as a measure of