Question

Government QUESTION 1 According to economists, the United States is considered to have full employment only...

Government
QUESTION 1
According to economists, the United States is considered to have full employment only when unemployment levels reach 0.
       True
       False
QUESTION 2
Laissez faire economics supports the idea that:
       the government should bail out financially troubled corporations
       the government should take a hands off approach and not interfere with the economy
       the national government should nationalize, or take control of, the nation s largest businesses
       none of the answers are correct
QUESTION 3
Keynesian economic principles hold that the government should:
       spend more during a recession to stimulate the economy
       spend less during a recession
       not involve itself in economic issues, and focus solely on national defense
       none of the answers are correct
QUESTION 4
Keynesian economics would support loose monetary policy during a recession to stimulate the economy
       True
       False
QUESTION 5
Tight monetary policy usually results in a falling value of the dollar
       True
       False
QUESTION 6
Loose monetary policy
       typically slows down the economy
       typically ignites the economy, but can create inflation
       is intended to make it more difficult for people to get credit
       none of the answers are correct
QUESTION 7
A progressive tax system
       taxes the poor at a higher rate, to encourage their economic progress
       taxes the rich at a higher rate than the poorer
       taxes all income at the same rate
       none of the answers are correct
QUESTION 8
3rd party financing of healthcare
       encourages users to be judicious in their health care purchases
       has had little effect on the growth of healthcare costs
       increases the demand for and price of healthcare
       none of the answers are correct
QUESTION 9
Robert Dahl wrote the following about power:
       A has power over B to the extent that s/he can get B to do something that s/he would not otherwise do
       Power is the result of excessive democracy in a political system
       Money is power
       There is no such thing as political power
QUESTION 10
Thomas Hobbes held that the primary reason for the existence of government is:
       The need for human beings to engage in collective projects
       To create order from the state of nature, where there is inevitably a war of all against all.
       To provide a common education for everyone
       To build the public infrastructure (road and bridges) that enables society to develop

Homework Answers

Answer #1

QUESTION 1
According to economists, the United States is considered to have full employment only when unemployment levels reach 0.
       False
Full employment exists at natural rate of unemployment.


QUESTION 2
Laissez faire economics supports the idea that:
       the government should take a hands off approach and not interfere with the economy

Laissez faire economics does not advocate government intervention.

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