Unit Test 5

1 October 2022
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question
Which group does the Fed serve?
answer
Financial institutions.
question
Read the example of a party platform: We support electronic voting. We also believe in online registration: more citizens need to be able to participate in the election process. What best explains the party's primary goal?
answer
Get more citizens involved in elections.
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A temporary committee created to study an issue and make a policy recommendation is called a...
answer
Task force.
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Businesses contribute to the government's revenue by paying what kind of tax?
answer
Corporate.
question
What happens when a bank is required to hold more money in reserve?
answer
It has less money for loans.
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Which is the best example of the process through which public policy is made?
answer
Politicians identify an increase in accidents and give police departments money to enforce new speed limits on highways.
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Regulatory policies protect consumers by...
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Overseeing and limiting businesses.
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Which of these are goals of an expansionary policy? Check all that apply.
answer
Increased available credit Increased money supply Decreased interest rates
question
Read the opening statement about college costs. First the cost of private institutions climbed higher and higher. Now, public institutions have fallen in line. Over the past 10 years, the cost of an education at a public university has risen 42%. Imagine if your salary, or your bank account, grew by 42% the past 10 years. Maybe then you could pay for your education! Which does the candidate's opening statement use?
answer
Persuasive language.
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Which best describes how the federal budget is created?
answer
The president proposes a budget and signs it into law after the House and Senate revise it.
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What is an example of a government expense that people are entitled to receive?
answer
Social Security.
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Which body manages the Fed?
answer
The Federal Reserve Board.
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The primary way government raises revenue is through...
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Taxes and borrowing.
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By identifying a way to deal with higher education costs, a writer also...
answer
Establishes a plan.
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In order to assure that a policy speech acknowledges an issue, identifies a solution, and explains a plan of action, a writer should use an...
answer
Outline.