The American Democracy, 10th Edition (Patterson)

Chapter 15: Economic and Environmental Policy: Contributing to Prosperity

True or False Quiz

Your Results:

The correct answer for each question is indicated by a .

1			In comparison with the Scandinavian countries, the United States relies more heavily on free-market mechanisms.
			A)	True
			B)	False
2			An economic depression is a less severe downturn than an economic recession.
			A)	True
			B)	False
3			Interest groups do not attempt to bring pressure to bear on regulation of the economy.
			A)	True
			B)	False
4			Government intervenes to bring “equity” into the marketplace when, for example, it requires tobacco companies to place warnings about health risks related to smoking on cigarette packages.
			A)	True
			B)	False
5			In general, the economic policy pursued by the U.S. government has been harmful to business interests.
			A)	True
			B)	False
6			A government’s fiscal policy is built on its taxing and spending decisions.
			A)	True
			B)	False
7			Monetary policy is controlled primarily through congressional actions.
			A)	True
			B)	False
8			In comparison with fiscal policy, monetary policy has at least one obvious advantage: It can be initiated more quickly because the Federal Reserve Board (the “Fed”) is a faster-acting body than Congress.
			A)	True
			B)	False
9			In 2010, Congress enacted the most substantial deregulation of financial institutions since the Reagan era.
			A)	True
			B)	False
10			Congress passed farm legislation in 1996 that extended more farm subsidies to farmers than ever before in American history.
			A)	True
			B)	False

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