Public Policy
An example of a/an _____ good is a cell phone.
A. private
B. toll
C. public
D. common
A. PRIVATE
A written set of rules for business is the result of _____ policy.
A. discretionary
B. regulatory
C. public
D. redistributive
B. REGULATORY
The U.S. came to the aid of both South Korea and Vietnam in its pledge to carry out its _______ policy.
A. deterrence
B. isolationism
C. communism
D. containment
D. CONTAINMENT
Buying and selling securities is a tool used in _____ policy.
A. fiscal
B. regulatory
C. monetary
D. redistributive
C. MONETARY
One of the most important functions of the ______ is to support underdeveloped countries.
A. World Trade Organization
B. U.S. State Department
C. National Security Council
D. Central Intelligence Agency
A. WORLD TRADE ORGANIZATION
If a good is _____, it means only one person may use it at a time.
A. excludable
B. private
C. rivalrous
D. common
C. RIVALROUS
If you apply for a/an _______ program and qualify, the government must pay you.
A. discretionary
B. mandatory
C. entitlement
D. redistributive
C. ENTITLEMENT
The ______ are the leaders of each branch of the military.
A. Joints Chiefs of Staff
B. Military-Industrial Division
C. Secretary of Defense
D. National Security Advisors
A. JOINT CHIEFS OF STAFF
The _______ is a bank for banks!
A. Treasury Department
B. Board of Governors
C. U.S. Mint
D. Federal Reserve System
D. FEDERAL RESERVE SYSTEM
A/an _____ is a government-induced restriction on international trade.
A. tariff
B. trade barrier
C. subsidy
D. trade restriction
B. TRADE BARRIER
During the _______ step of policymaking, it is important to determine if a policy is working and, if not, where does revision need to take place.
A. policy evaluation
B. policy implementation
C. agenda setting
D. policy adoption
A. POLICY EVALUATION
A/an _____ policy is designed to provide something to the general public.
A. discretionary
B. public
C. regulatory
D. distributive
D. DISTRIBUTIVE
The State Dept, the Defense Dept, and the Dept. of _____ all work together to coordinate foreign policy.
A. Justice
B. Interior
C. Homeland Security
D. Commerce
C. HOMELAND SECURITY
Twelve members sit on the ________ and determine how best to maintain the stability of the U.S. financial system.
A. FED Board of Governors
B. Monetary Policy Board
C. Dept. of Treasury
D. Federal Open Market Committee
D. FEDERAL OPEN MARKET COMMITTEE
A/an ______ is a diplomatic facility designed to provide assistance to Americans while visiting other countries.
A. embargo
B. Central Intelligence Agency
C. embassy
D. World Trade Organization
C. EMBASSY
A/an _____ good, like education, is basically free and can be shared by many at one time.
A. common
B. excludable
C. toll
D. public
D. PUBLIC
Since spending on things like Military and Parks are not required, these are known as ____ programs.
A. mandatory
B. entitlement
C. discretionary
D. regulatory
C. DISCRETIONARY
______ is designed to intimidate your enemies by building up your military as a show of strength.
A. containment
B. isolationism
C. deterrence
D. humanitarian
C. DETERRENCE
Spending, borrowing, and taxing are the tools available when conducting _____ policy.
A. fiscal
B. monetary
C. distributive
D. redistributive
A. FISCAL
Countries around the world provide ______ aid to underdeveloped countries in the form of food and medical care.
A. discretionary
B. economic
C. redistributive
D. humanitarian
D. HUMANITARIAN
Handled by bureaucrats, ________ is the step whereby policies are carried out.
A. policy adoption
B. policy implementation
C. policy evaluation
D. policy formulation
B. POLICY IMPLEMENTATION
_____ spending is that which the government is required by law to fund.
A. mandatory
B. discretionary
C. entitlement
D. fiscal
A. MANDATORY
The U.S. adopted _______ after World War I.
A. deterrence
B. isolationism
C. communism
D. containment
B. ISOLATIONISM
The FED Board of Governors has _____ members.
A. 12
B. 9
C. 7
D. 5
C. 7
A/an ______ is one with little to no industrial development and low human development ratings.
A. Semi-Developed Country
B. World Trade Organization
C. Least Developed Nation
D. Economically Challenged Nation
C. LEAST DEVELOPED NATION