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The government program that provides low-income people with government-issued

The government program that provides low-income people with government-issued stamps
                            that can be redeemed for specific food items at food stores and supermarkets is the

a.emergency aid program

b.food stamp program

c.school lunch program

d.hunger relief program

e.meals on wheels program

102.              The social insurance provided by the government is insurance against

a.floods, hurricanes, and other natural disasters

b.loss of funds in private pension programs

c.sizable income losses when people retire or when they become disabled or
unemployed

d.loss of value of stocks and bonds when corporations go bankrupt

e.loss of funds in private pension plans, retirement annuities, and unemployment

103.              Social Security is based on the concept of

a.private insurance supported by public money

b.private insurance supported by private money

c.specific retirement packages for each industry

d.accumulation of your own funds that will be returned to you, with interest, upon
retirement

e.pay-as-you go

104.              Unemployment insurance was created as part of the

a.Social Security Act of 1935

b.Full Employment Act of 1946

c.Keynesian Act of 1935

d.Phillips Act of 1947

e.National Recovery Act of 1933

105.              A health care program administered through Social Security that is applicable to
                            everyone over 65 years old is

a.Medicaid

b.Medicare

c.federal HMO

d.state HMO

e.Medicinsurance

 

 

 

 

 

 

 

106.              Medicare is a health care program

a.for poor and low income people

b.administered through Social Security for retired workers starting at age 55

c.administered through Social Security for everyone over 65 years

d.administered by state governments for people who are not covered by private health
insurance

e.administered by the federal government for people who are not covered by private
insurance

107.              Medicare was established in

a.1925

b.1945

c.1965

d.1985

e.1995

108.              Compared to Canada, Japan, Germany, and France, Social Security expenditures as a
                            percentage of GDP of the United States is approximately

a.17 percent and ranks among the lowest percent of the countries

b.47 percent and ranks among the lowest percent of the countries

c.17 percent and ranks among the highest percent of the countries

d.47 percent and ranks among the highest percent of the countries

e.77 percent and ranks among the highest percent of the countries

109.              Between 1970and 2008, government spending as a percentage of GDP

a.remained fairly constant at approximately 10 percent

b.remained fairly constant at approximately 20 percent

c.decreased from approximately 30 percent to 15 percent

d.increased from approximately 15 percent to 30 percent

e.increased from approximately 30 percent to 65 percent

110.              When the government provides a public good such as a highway,

a.society benefits without necessarily involving a reallocation of resources

b.only highway users benefit and that occurs without necessarily involving a
reallocation of resources

c.it uses resources, but the benefits are so great there is no resource reallocation effect

d.it necessarily reallocates resources away from the production of other goods

e.it has the same resource allocation effect on the economy as a government transfer
payment

Feb 11 2020 View more View Less

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