POLI330 Week 6 Quiz Latest 2018 December Question # 00596416 Course Code : POLI330 Subject: Political Science Due on: 01/03/2019 Posted On: 01/03/2019 11:34 AM Tutorials: 1 Rating: 4.5/5

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