| |
1. | In 1999, the per capita expenditure by federal, state, and local governments amounted to almost __________ for every man, woman, and child in the United States.
|
| | |
| A) $5,000
|
| | |
| B) $10,000
|
| | |
| C) $15,000
|
| | |
| D) $20,000
|
|
| |
2. | Social Security, welfare, unemployment compensation, and aid for people with handicapping conditions are examples of __________ payments, payments for which the government receives neither goods nor services in return.
|
| | |
| A) compensation
|
| | |
| B) transfer
|
| | |
| C) closed
|
| | |
| D) grant-in-aid
|
|
| |
3. | A transfer payment that one level of government makes to another is known as a ___________.
|
| | |
| A) grant-in-aid
|
| | |
| B) compensation
|
| | |
| C) government transformation
|
| | |
| D) fund switch
|
|
| |
4. | The __________ is an annual plan outlining proposed revenues and expenditures for the coming year.
|
| | |
| A) federal contrivance
|
| | |
| B) annual authorization
|
| | |
| C) federal budget
|
| | |
| D) annual stratagem
|
|
| |
5. | The largest category of federal government spending is __________ .
|
| | |
| A) transportation
|
| | |
| B) national defense
|
| | |
| C) medicare
|
| | |
| D) Social Security
|
|
| |
6. | A(n) ____________ amendment is a constitutional amendment that requires that annual spending not exceed revenues.
|
| | |
| A) spending revenue ratio
|
| | |
| B) balanced budget
|
| | |
| C) balanced revenue
|
| | |
| D) annual spending
|
|
| |
7. | The largest category of state spending is _________ expenditures, funds that one level of government transfers to another level for spending.
|
| | |
| A) discretionary
|
| | |
| B) intergovernmental
|
| | |
| C) transfer
|
| | |
| D) educational
|
|
| |
8. | The largest category of spending by local governments is ___________.
|
| | |
| A) higher education
|
| | |
| B) elementary and secondary education
|
| | |
| C) public welfare
|
| | |
| D) highways
|
|
| |
9. | Historically, the federal budget was characterized by a remarkable amount of __________ spending, or spending in excess of revenues collected.
|
| | |
| A) deficit
|
| | |
| B) surplus
|
| | |
| C) shortage
|
| | |
| D) discretionary
|
|
| |
10. | The __________ is the total amount borrowed from investors to finance deficit spending by the federal government.
|
| | |
| A) consumer debt
|
| | |
| B) deficit spending
|
| | |
| C) investor debt
|
| | |
| D) federal debt
|
|
| |
11. | The __________ provision is a requirement that new spending proposals or tax cuts must be offset by reductions elsewhere.
|
| | |
| A) crowding-out
|
| | |
| B) exponential
|
| | |
| C) appropriations
|
| | |
| D) pay-as-you-go
|
|
| |
12. | Social Security, medicaid, medicare, agricultural price supports, retirement and health benefits, unemployment compensation, and some aids to the poor are called __________ because people are permitted to draw benefits if they meet the eligibility requirements.
|
| | |
| A) transfers
|
| | |
| B) consumer supports
|
| | |
| C) entitlements
|
| | |
| D) eligibility quotas
|
|
