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FREE AMERICAN GOVERNMENT AND STUDY GAMES
ABOUT SCHWARTZ AP GOV 15 EXAM QUESTIONS
Actual Qs and Ans Expert-Verified Explanation
This Exam contains:
-Guarantee passing score -23 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation
Question 1: Elite Theory
Answer:
when there is an inequity in the spread of power, the elites - people with resources and influence- dominate
Question 2: Taft-Hartley Act (1947)
Answer:
enabled states to outlaw the "closed shop"- a company policy or labor contract that requires all employees to join the local union
Question 3: Reaganomics
Answer:
a combination of widespread tax cuts, supply side economics, decreased social spending and increased defense spending
Question 4: 16th Amendment
Answer:
Allows Congress to collect an income tax
Question 5: Congressional Budget Office (CBO)
Answer:
examines and analyzes the budget proposal and serves as a check on the president's OMB
Question 6: excise taxes
Answer:
taxes on particular goods and services like alcohol, tobacco, airline travel and gasoline
Question 7: surplus
Answer:
taking in more in taxes than it must spend
Question 8: debt
Answer:
how much the country owes others
Question 9: supply-side economics
Answer:
the government should leave as much money as possible with the people
Question 10: deficit
Answer:
the year to year difference between what the government takes in versus what it spends
Question 11: discretionary spending
Answer:
the remaining one-third of the budget that can be altered, cut or increased
Question 12: flat tax
Answer:
taxes all citizens at the same rate
Question 13: estate taxes
Answer:
when Congress taxes income people receive through an inheritance
Question 14: fiscal year
Answer:
12 month period used by government and businesses to record expenditures, budgeting and financial matters
Question 15: progressive tax
Answer:
one's tax rate increases as one's income increases
Question 16: Internal Revenue Service (IRS)
Answer:
oversees the tax collection process
Question 17: pluralist theory
Answer:
belief that the ideas and viewpoints in the US are so scattered and varied that no single view can control the shaping of policy
Question 18: Council of Economic Advisors
Answer:
a 3 person panel in the White House Executive Office, who assist in making financial decisions, such as taxing and spending
Question 19: Federal Reserve Board
Answer:
sets US monetary policy
Question 20: Affordable Care Act
Answer:
otherwise known as "Obamacare"; federal law intended to improve health insurance for US citizens
Question 21: majoritarian politics
Answer:
the interaction of people with government in order to put into place and carry out the will of the majority
Question 22: trade balance
Answer:
the balance between how many goods are imported and how many are exported
Question 23: Monetary politics
Answer:
how the government manages supply and demand of its currency and thus the value of a dollar
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