Economic Policy

11 Questions | Total Attempts: 478

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Policy Quizzes & Trivia

This quiz deals with economic policy.


Questions and Answers
  • 1. 
    Traditionally, the Republican has been viewed as favoring which of the following groups?
    • A. 

      Big business

    • B. 

      The poor

    • C. 

      The middle class

    • D. 

      African-Americans

    • E. 

      Hispanics

  • 2. 
    Traditionally, the Democratic Party has been known as
    • A. 

      Supporters of a tax -and-spend philiosophy.

    • B. 

      Supply siders.

    • C. 

      Believers of a trickle-down economics.

    • D. 

      Advocates of antiregulation of the economy.

    • E. 

      Proponents of repeal of capital gains taxes.

  • 3. 
    All of the following items are meausres of the nation's economy EXCEPT
    • A. 

      The nations unemployment rate.

    • B. 

      The rise or fall of the Consumer Price Index.

    • C. 

      The amount of growth or decline in the Gross National Product.

    • D. 

      The amount of taxes corporations pay to the federal government.

    • E. 

      The rise or fall of the Gross Domestic Product.

  • 4. 
    Which of the following economic policies reflects imposed government economic mandates?
    • A. 

      Distributive economic policy.

    • B. 

      Regulatory economic policy.

    • C. 

      Redistributive economic policy.

    • D. 

      Supply side economic policy.

    • E. 

      Stimulus programs passed by congress.

  • 5. 
    Which of the following strategies results in government giving benefits directly to the people?
    • A. 

      Distributive economic policy.

    • B. 

      Regulatory economic policy.

    • C. 

      Redistributive economic policy.

    • D. 

      Increased government regulations.

    • E. 

      Increasing the personal income tax.

  • 6. 
    Which of the following strategies results in government taking money from one segment of the society and giving it back to a group in need?
    • A. 

      Distributive economic policy.

    • B. 

      Regulatory economic policy.

    • C. 

      Redistributive economic policy.

    • D. 

      Increasing research and development oppurtunities for business.

    • E. 

      Increasing price supports.

  • 7. 
    A primary way that the Federal Reserve regulates the money supply is when it
    • A. 

      Votes to increase taxes.

    • B. 

      Votes to decrease taxes.

    • C. 

      Adjusts the discount rate.

    • D. 

      Adjusts the rate of inflation.

    • E. 

      Votes to increase price supports.

  • 8. 
    Supply side economists urge
    • A. 

      Government stimulation of the economy.

    • B. 

      Increased government spending for social programs.

    • C. 

      Increased government borrowing for money.

    • D. 

      Large tax cuts by government.

    • E. 

      An increase of the management of the economy by the government.

  • 9. 
    Which of the following presidents pursued a laissez-faire economic policy?
    • A. 

      Theodore Roosevelt.

    • B. 

      Herbert Hoover.

    • C. 

      Franklin Roosevelt.

    • D. 

      Lyndon Johnson.

    • E. 

      Bill Clinton.

  • 10. 
    Which of the following laws was involved in response to the air traffic controller strike in 1981?
    • A. 

      Fair Labor Standards Act

    • B. 

      Federal Labor Standards Act

    • C. 

      Wagner Act

    • D. 

      Norris-La Gaurdia Act

    • E. 

      Taft- Hartley Act

  • 11. 
    Which of the following industries had major economic problems as a result of government deregulation?
    • A. 

      The airine industry.

    • B. 

      The telephone company.

    • C. 

      The savings and loans.

    • D. 

      The railroad industry.

    • E. 

      The cable television industry.