GOVT-2305 FINAL EXAM 4: POLICY WITH ALL CORRECT
& 100% VERIFIED ANSWERS (UPDATED TO PASS)
This is a theory that advocates cutting taxes and deregulating business to stimulate the economy.
Correct answer-Supply-side economic approach.
This is a theory that holds that government should take a hands-off stance towards the markets.
Correct answer-Laissez-fair economic approach.
This is a theory that says the government's proper economic role is to control the rate of inflation by
controlling the amount of money in circulation. Correct answer-Monetarism.
This is a theory that recommends that, during recessions, the Fed should increase its spending and
decrease taxes and during a boom it should cut spending and increase taxes. Correct answer-
Keynesian economic approach.
Which of the following is not a tool used for domestic policy? Correct answer-Monetarism.
Which event of the Cold War resulted in the tense standoff between U.S. and Soviet forces that
involved a potential escalation in nuclear conflict? Correct answer-The Cuban Missile Crisis.
Which key event marked the start of U.S. energy policy being a topic of needed government action?
Correct answer-The OPEC embargo on the U.S. in the 1970s.
Which of the following is not a characteristic of a healthy economy? Correct answer-An increase in
wages.
When it comes to creating the national budget for the U.S., which of the following is true? Correct
answer-All of the above.
Including:
a. The OMB is the chief actor who gathers requests from all the executive agencies.
b. The concurrent budget resolution lays out the expenditure ceiling for the U.S.
c. The CBO takes over the budgetary process once it receives the executive budget.
Which of the following has not been a form of U.S. foreign policy? Correct answer-Oppositionism.
Which of the following statements is true about U.S. Healthcare policy? Correct answer-Medicaid
is a joint federal and state program that gives healthcare to those who are low income.
In respect to U.S. Education policy, during the 1st century of U.S. history, the U.S. had virtually no
major education policy. At most, it has the Monroe Doctrine which allowed for land to go to states to
create colleges. Correct answer-False.
The U.S. is not a regulated capitalist economy. Correct answer-False.
U.S. deterrence policy is a policy that opposed soviet expansion via military forces, economic
assistance, and political influence. Correct answer-False.
Means-tested domestic policy programs are where benefits are provided regardless of income, like
social security. Correct answer-False.
& 100% VERIFIED ANSWERS (UPDATED TO PASS)
This is a theory that advocates cutting taxes and deregulating business to stimulate the economy.
Correct answer-Supply-side economic approach.
This is a theory that holds that government should take a hands-off stance towards the markets.
Correct answer-Laissez-fair economic approach.
This is a theory that says the government's proper economic role is to control the rate of inflation by
controlling the amount of money in circulation. Correct answer-Monetarism.
This is a theory that recommends that, during recessions, the Fed should increase its spending and
decrease taxes and during a boom it should cut spending and increase taxes. Correct answer-
Keynesian economic approach.
Which of the following is not a tool used for domestic policy? Correct answer-Monetarism.
Which event of the Cold War resulted in the tense standoff between U.S. and Soviet forces that
involved a potential escalation in nuclear conflict? Correct answer-The Cuban Missile Crisis.
Which key event marked the start of U.S. energy policy being a topic of needed government action?
Correct answer-The OPEC embargo on the U.S. in the 1970s.
Which of the following is not a characteristic of a healthy economy? Correct answer-An increase in
wages.
When it comes to creating the national budget for the U.S., which of the following is true? Correct
answer-All of the above.
Including:
a. The OMB is the chief actor who gathers requests from all the executive agencies.
b. The concurrent budget resolution lays out the expenditure ceiling for the U.S.
c. The CBO takes over the budgetary process once it receives the executive budget.
Which of the following has not been a form of U.S. foreign policy? Correct answer-Oppositionism.
Which of the following statements is true about U.S. Healthcare policy? Correct answer-Medicaid
is a joint federal and state program that gives healthcare to those who are low income.
In respect to U.S. Education policy, during the 1st century of U.S. history, the U.S. had virtually no
major education policy. At most, it has the Monroe Doctrine which allowed for land to go to states to
create colleges. Correct answer-False.
The U.S. is not a regulated capitalist economy. Correct answer-False.
U.S. deterrence policy is a policy that opposed soviet expansion via military forces, economic
assistance, and political influence. Correct answer-False.
Means-tested domestic policy programs are where benefits are provided regardless of income, like
social security. Correct answer-False.
