Economic Policy
This quiz deals with economic policy.
- 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.
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