quiz ch 16 - CHAPTER 16 Which of the following is NOT a...

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CHAPTER 16 Which of the following is NOT a proposed consequence of global warming? Student Response Value Correct Answer Feedback 1. melting of the polar ice caps 2. disease 0% 3. lower sea levels 4. extreme weather Score: 0/1 2. _____________ are goods that are provided by the government because they either are not supplied by the market or are not supplied in sufficient quantities. Student Response Value Correct Answer Feedback 1. Private goods 2. Communalistic goods 3. Public goods 100% 4. Monopolistic goods Score: 1/1 3. In terms of economic policy, monetarists believe that the government
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Student Response Value Correct Answer Feedback 1. should focus on regulating the money supply. 100% 2. should use its spending powers to control inflation. 3. should use subsidies to reduce unemployment. 4. should use its tax powers to control recession. Score: 1/1 4. Someone who believes in laissez-faire economics would most likely favor Student Response Value Correct Answer Feedback 1. strong antitrust regulations and a progressive tax structure. 2. strong protections to favor equality. 3. government protection of private property with few other government regulations. 100% 4. government regulation of business but no government fiscal policy. Score:
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1/1 5. Unless Congress makes them permanent, the controversial tax cuts enacted by the Bush administration are set to expire in what year? Student Response Value Correct Answer Feedback 1. 2010 100% 2. 2009 3. 2012 4. 2015 Score: 1/1 6. If Senator Winfrey believed that the best way for the government to respond to the recession is to pump up the economy with tax cuts and spending, she would be a Student Response Value Correct Answer Feedback 1. Keynesian. 100% 2. socialist. 3. monetarist. 4. laissez-faire. Score: 1/1 7. Government involvement to regulate the business cycles was the idea of Student Response Value Correct Answer Feedback 1. John Maynard Keynes. 100%
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Student Response Value Correct Answer Feedback 2. Paul Samuelson. 3. Milton Freidman. 4. Adam Smith. Score: 1/1 8. The theories of which economist was used to help justify the increase in government spending during the New Deal? Student Response Value Correct Answer Feedback 1. Milton Friedman 0% 2. Adam Smith 3. Alan Greenspan 4. John Maynard Keynes Score: 0/1 9. Monetary policy is handled largely by Student Response Value Correct Answer Feedback 1. Congress. 2. the Federal Reserve System. 3. the president. 4. the Department of the Treasury. 0% Score: 0/1
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10. Monetary policy seeks to influence the economy through Student Response Value Correct Answer Feedback 1. foreign exchange of currency. 2. taxing and
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quiz ch 16 - CHAPTER 16 Which of the following is NOT a...

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