Question 1

According to the authors of your textbook, action by public officials is

Accepted Answer

The authors of the textbook argue that action by public officials is primarily the product of influences at the political linkage level of their framework, which includes factors such as interest groups, political parties, and the media. While personal desires and influences at other levels may also play a role, the authors suggest that political linkage is the most important factor determining public officials' actions.

Question 2

______________ are the bad side effects of normal economic activity.

Accepted Answer

Negative externalities refer to the unintended and harmful impacts of economic activity on third parties, such as pollution or traffic congestion. These are often viewed as "bad" side effects of economic activity. Recessions, depressions, job losses, and positive externalities are not necessarily negative side effects of economic activity, and may be viewed as either neutral or even positive in some contexts.

Question 3

How have budget deficits and the national debt changed over the last few decades? What have been the consequences, thus far, of them?

Accepted Answer

The answer of How have budget deficits and the national...

Question 4

Which of the following is a classification of public policy??

Accepted Answer

Regulatory, Distributive, and Redistributive policies are classifications of public policy. Regulatory policies aim to control or change behavior through rules or regulations. Distributive policies involve the allocation of resources or services among the population, often without direct competition for scarce resources. Redistributive policies are designed to adjust the distribution of wealth, income, or resources across a society. Marxism, however, is a socio-economic theory and not a classification of public policy.

Question 5

____________ are all of those political actors, institutions, and processes that transmit the wants and demands of people and groups in our society to government officials and that together help shape what government officials do and what policies they adopt.

Accepted Answer

Political linkage factors include interest groups, political parties, the media, and public opinion, which all play a role in connecting citizens to government officials and influencing government decisions. The other answer choices are not as specific or comprehensive in describing these factors.

Question 6

Which field of scholarship is devoted to studying the implementation of policy??

Accepted Answer

Public administration is concerned with the implementation of policies, and its main focus is on the organization and management of government programs and services. It examines the organizational structures, management practices, and decision-making processes that governments use to implement policies effectively. Therefore, the field of public administration is the best choice for this question.

Question 7

The process by which a problem comes to the attention of government is known as

Accepted Answer

Agenda setting is the process by which a problem or issue comes to the attention of government officials and policymakers. It is the first step in the policymaking process and involves identifying and defining a problem or issue, gathering information about it, and deciding whether or not to place it on the government's agenda for action. Implementing a policy, evaluating its effectiveness, budgeting, and decision-making are all later steps in the policymaking process.

Question 8

The sum of total yearly federal budget deficits is called the ________.

Accepted Answer

The answer of The sum of total yearly federal budget...

Question 9

Achieving full employment, steady economic growth, and stable prices is

Accepted Answer

Achieving full employment, steady economic growth, and stable prices is the primary objective of macroeconomic policy, which includes government fiscal and monetary policies. Financial incentives, the GDP, and the free market all play a role in achieving these objectives, but they are not the primary objectives themselves. Economic governments is not a commonly used term in economics.

Question 10

The authors define economic growth as

Accepted Answer

Economic growth is typically measured by the annual increase in the gross domestic product (GDP), which is the total value of goods and services produced within a country's borders in a given year. The other options may be indicators of economic health or performance, but they do not accurately define economic growth.

Question 11

Which of the following are important governmental factors associated with economic policy?

Accepted Answer

The president, Congress, and Federal Reserve Board are all important governmental factors associated with economic policy. The president holds significant power in shaping and implementing economic policy through the use of executive orders and proposals to Congress. Congress has the power to pass legislation that affects the economy, such as tax reform and infrastructure spending. The Federal Reserve Board, as the central bank of the United States, has control over monetary policy and interest rates, which can have a significant impact on economic growth and stability. The media, while influential in shaping public opinion, is not a governmental factor associated with economic policy.

Question 12

According to your text, which of the following is NOT a stage in the policy making process?

Accepted Answer

Budgeting is not considered a stage in the policy making process. However, it is often an important component of the implementation stage, where decisions are made about how to allocate resources to ensure the policy is carried out effectively.

Question 13

_____________ include all public officials and institutions (Congress, the president, the federal bureaucracy, and the Supreme Court) that have formal, legal responsibilities for making public policy for the United States.

Accepted Answer

The term "government factors" refers specifically to the institutions and officials who are responsible for making public policy. The other options (political factors, political linkage factors, structural factors, and electoral factors) are all broader categories that may include government factors but also encompass other considerations such as public opinion, interest groups, and economic conditions.

Question 14

According to your text, which of the following was a governmental response to economic difficulties in 2007 and 2008?

Accepted Answer

The text states that the Federal Reserve cut interest rates, and that the president and Congress agreed on a stimulus package, making options A and B correct. The text does not mention tax cuts, so option C is incorrect. Therefore, the best choice is D, both A and B.

Question 15

What is the likely future of regulation in the United States, according to the authors of your textbook? Do you agree or disagree with their assessment?

Accepted Answer

The answer of What is the likely future of regulation...

Question 16

Discuss the basic features of the American tax system. Who in America currently bears the tax burden?

Accepted Answer

The answer of Discuss the basic features of the American...

Question 17

How democratic is economic policy in the United States? That is, do Americans get the economic policies they want from the US government? Why?

Accepted Answer

The answer of How democratic is economic policy in the...

Question 18

Imagine that you are a politician and want to run on a platform to improve the economy. You can either choose to regulate the economy or deregulate it? Which would you choose and why, including two benefits and two costs of each.

Accepted Answer

The answer of Imagine that you are a politician and...

Question 19

Group theorists believe that

Accepted Answer

Group theorists believe that public policy is the product of the interaction of a vast multitude of interest groups. They see policy-making as a process of negotiation and compromise among competing interest groups, rather than a top-down approach in which a few powerful leaders make all the decisions. Group theorists argue that public policies reflect the balance of power among various interest groups, and that different groups will have varying levels of influence depending on their resources and ability to mobilize support.

Question 20

The balance of payments is

Accepted Answer

The balance of payments refers to the difference between the payments and receipts between a country and its trading partners. It includes trade in goods and services, financial transactions, and transfers of capital. Option A, B, C, and E are not related to the concept of balance of payments.

Quiz 17: The Budget and Economic Policies